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...
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...
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...
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,...
by Mike Duff | Nov 23, 2021 | Retail Articles
Although it has wrestled with supply chain and other challenges, Best Buy still managed to top Wall Street earnings and revenue estimates in the third quarter. The company posted net earnings of $499 million, or $2.00 per diluted share, versus $391 million, or $1.48...
