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Best Buy Q1 Earnings Come Up Short as Comps Stumble

Best Buy Q1 Earnings Come Up Short as Comps Stumble

by Mike Duff | May 25, 2022 | Home + Housewares

Sales and earnings slipped at Best Buy after the electronics buying binge that occurred during the height of the COVID-19 pandemic. Net earnings in the first quarter were $341 million, or $1.49 per diluted share, versus $595 million, or $2.32 per diluted share, in the...
Best Buy Q1 Earnings Come Up Short as Comps Stumble

Best Buy Wrestles with COVID, Supply Chain Issues in Q4

by Mike Duff | Mar 14, 2022 | Retail Articles

With COVID-19 and supply chain issues weighing on the fourth quarter, Best Buy met a Wall Street estimate on earnings but fell short on revenues. For the fourth quarter, net earnings were $626 million, or $2.62 per diluted share, versus $816 million, or $3.10 per...
Best Buy’s Barry Identifies Five Key Retail Trends at NRF Show

Best Buy’s Barry Identifies Five Key Retail Trends at NRF Show

by Mike Duff | Jan 19, 2022 | Featured News, Retail Articles

In a presentation at NRF 2022: Retail’s Big Show, Best Buy CEO Corie Barry revealed the five retail trends she believes are critical to Best Buy and the market in which it competes. The National Retail Federation reported in a blog post that, as part of a session...
Leaders Take Retail Fight Against Crime to Congress

Leaders Take Retail Fight Against Crime to Congress

by Mike Duff | Dec 13, 2021 | Featured News, Retail Articles

In a letter to Congressional leadership, 20 CEOs of leading retailers expressed urgent concern over the growing impact of organized retail crime on retail employees and communities across the United States, according to a statement from the Retail Industry Leaders...
Retail Execs Meet with President Biden on Supply Chain

Retail Execs Meet with President Biden on Supply Chain

by Mike Duff | Nov 30, 2021 | Featured News, Retail Articles

Leaders from several major retailers met with President Joseph Biden as part of a roundtable where they discussed steps taken to overcome supply chain bottlenecks and to meet consumer demand during the holiday season. Retail executives attending were Doug McMillon,...
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