by Mike Duff | Nov 21, 2023 | Retail Articles
In an “uneven” demand environment, Best Buy beat a Wall Street estimate on earnings, missed one on sales and noted its efforts to reconstitute operations to position itself for better market conditions. Net earnings were $263 million, or $1.21 per diluted share,...
by Mike Duff | Oct 11, 2023 | Retail Articles
Home is tied for second place with Home Essentials after Apparel & Shoes as the top category purchased in the first phase of Amazon’s Prime Big Deal Days. Among verified purchasers, according to market researcher Numerator, 23% of Big Deals Days shoppers bought...
by Mike Duff | Sep 22, 2023 | Retail Articles
Market researcher Numerator said Amazon and Walmart were the leading retailers for back-to-college shoppers, with each retailer gaining share of back-to-college spending in 2023 versus 2022. According Numerator’s recent report, Back-to-College in a Shifting...
by Mike Duff | Sep 20, 2023 | Retail Articles
The holiday sales event season is shifting into full gear as Walmart and Best Buy have announced major promotional initiatives. First Amazon announced Prime Big Deals Days on October 10 and 11 then Target announced its latest Circle Week for October 1-7 Now Walmart is...
by Mike Duff | Aug 29, 2023 | Retail Articles
As the consumer electronics sector continues to struggle, Best Buy posted second-quarter comparable sales and earnings declines that still managed to come in ahead of Wall Street estimates. Net earnings were $274 million, or $1.25 per diluted share, versus $306...
