Latest Articles
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Best Buy’s Price Matching Strategy Helps Results As Turnaround Efforts Drag On
Electronics retailing giant Best Buy (NYSE:BBY) announced its Q4 and annual results on March 1. The company reported Q4 revenues of $16.71 billion, marginally higher than $16.67 billion in the comparable period last year. It managed to bring dow...
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Best Buy’s Earnings: Margin Erosion And Sales Outlook In Focus
Electronics retailing giant Best Buy (NYSE:BBY) will announce its Q4 and annual results on February 28. In the fourth quarter, the company was in the news for quite a few reasons. Its holiday sales figures were being closely watched and tracked ...
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Citi Snaps Up Capital One’s Best Buy Credit Card Portfolio
Earlier this week, Capital One Financial (NYSE:COF) inked a deal with financial giant Citigroup (NYSE:C) to sell a portfolio of Best Buy (NYSE:BBY), private label (cards which can only be used at Best Buy) and co-branded (cards branded with Bes...
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Best Buy’s Permanent Price-Matching Policy Will Help Fight Off Showrooming
Best Buy (NYSE:BBY) has announced that it will make its price-matching policy permanent from March 3, 2013. The policy was introduced on an experimental basis in the holiday season. It guarantees that the company will match the lowest price on of...
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What Do Best Buy’s Better Than Expected Holiday Sales Mean For Its Outlook?
Best Buy (NYSE:BBY) released its holiday sales results at the end of last week, sending its stock price soaring by nearly 16%. The revenues for the nine week holiday period were comparable to those of last year, down marginally by 0.4% from $12.9...
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Best Buy’s $16 Fair Value Overshadowed By A Turbulent Year
Electronics retailing giant Best Buy (NYSE:BBY) did not have a pleasant 2012. The company continued to grapple with the winds of change sweeping the retail industry without being able to figure out the perfect strategy to adapt comfortably. Chur...
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What’s Happening With Best Buy?
Best Buy ‘s (NYSE:BBY) stock has shown extreme volatility in the last few days. It first rose sharply to the tune of 15% and then plunged by a similar amount towards the end of last week. The sharp movements have been attributed to speculat...
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Best Buy’s TechForward Lawsuit Highlights The Company’s Innovation Challenge
Best Buy ‘s (NYSE:BBY) conviction in a case where it was accused of stealing trade secrets from a start-up firm called TechForward has put a question mark over the firm’s ethical practices. The company was ordered by the court to pay ...
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Best Buy Investors Should Be Concerned About Browsing Trend
Submitted by Investing Daily as part of our contributors program . If there’s one word that strikes fear into the hearts of brick-and-mortar retailers, it’s “showrooming.” That’s where customers come into the stor...
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The Bear Case for Best Buy in One Simple Chart
Submitted by Wall St. Daily as part of our contributors program . Americans quickly transitioned from gobbling up turkeys to gobbling up the deals at their favorite retail stores. According to the National Retail Federation, 139 million unique ...
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Three Retailers That Should Be Thankful They Are Still in Business This Thanksgiving
Submitted by Sizemore Investment Letter as part of our contributors program This is the time of year for giving thanks, and we all have quite a bit to be thankful for. Though we complain about having a divided country, we live in a place where ...
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Are Exploding Online Holiday Sales A Sign Of Good Things To Come?
This Thanksgiving holiday weekend witnessed a dramatic rise in online traffic on websites of retail majors. The trend is unmistakable. While e-commerce accounts for less than 10% of consumer spending right now, it is growing at a much faster rate...
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Best Buy Suffers From A Perfect Storm Of Weaker Margins And Sales
Electronics retailing giant Best Buy (NYSE:BBY) announced its Q3 results on November 20. The results were disappointing as the company announced an unexpected net loss and weaker results than the company’s guidance in October. Management p...
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Best Buy’s Earnings: Still Facing Showrooming And Product Mix Challenges
Electronics retailing giant Best Buy (NYSE:BBY) will announce its Q3 results on November 20. The company has been in news in the last few months for a number of reasons. It appointed Hubert Joly as the new CEO of the company and Sharon McCollam ...
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Best Buy Stores Match Amazon’s Prices To Tackle Showrooming
Best Buy (NYSE:BBY) has announced that it will match the lower prices offered by Amazon and other online retailers in its brick-and-mortar stores. It will also offer free shipping for items which customers find out-of-stock in its stores. While t...
