It’s finally some good news for leading retail store chains including Best Buy Co Inc (NYSE:BBY) as retail spending is back on the growth track. The electronics department is one of the major spending zones of customers with gadgets from Apple Inc. (NASDAQ:AAPL) and GoPro Inc (NASDAQ:GPRO) bagging maximum attention. As per the latest retail…
Best Buy Co Inc (BBY) Stupefies Markets with Its Results
‘Stupefied’ is the word that best describes market reaction when Best Buy Co Inc (NYSE:BBY) declared its third quarter results on Thursday, 20th November, 2014. As reported by CNBC, this is because contrary to the analyst prediction of an imminent decline in revenue figures, the company posted an increase. Even though the rise was recorded…
Best Buy Co Inc (BBY) Shares Rally 7% Up Post Strong Third Quarter Results
It was an excellent day for Best Buy Co Inc (NYSE:BBY) as its shares rallied up 7% after announcing third quarter 2015 financial results. The biggest electronics retailer of the United States surpassed market profit expectations while increasing revenue for the quarter. The electronics retailer announced net revenues of $9.4 billion for the quarter with…
RadioShack Corporation (RSH) Trading Near $1, Likely to go Bankrupt without Capital Infusion;Best Buy Co. Inc. (BBY) Has Potential To Increase Market Share
RadioShack Corporation (NYSE:RSH) is surviving on life support for the last two decades and with its shares trading near $1, it might just be the beginning of the end of a complete era of electronics-store history. RadioShack Corporation (NYSE:RSH) reported its second quarter 2014 results with overall operating revenues of $673.8 million and the company…
Macy’s, Inc. (M), Best Buy Co Inc (BBY), and Time Warner Cable Inc (TWC) Ranked The Most Socially And Environmentally Responsible
Several retail firms have made their way into the FTSE4Good Index series of most socially and environmentally responsible entities. Macy’s, Inc. (NYSE:M), Best Buy Co Inc (NYSE:BBY), and Time Warner Cable Inc (NYSE:TWC) are among the leading companies. Macy’s, Inc. (NYSE:M) is a chain of departmental stores that sells an assortment of fashion products for…
Is Best Buy Co Inc (BBY) Still A Viable Option For Customers?
Best Buy Co Inc (NYSE:BBY) is definitely being hurt with the changing consumer behavior. The impact of changing customer behavior has already had an impact on the second quarter 2014 financial results. The important question is whether Best Buy still serves the purpose of an all-in-one shopper store. After declaring the second quarter results, Hubert…
Best Buy Co Inc (BBY) Posts Weak Results, Fears of Private-Equity Takeover Kicks In
Best Buy Co Inc (NYSE:BBY) ended its fiscal second quarter with poor results. For the year, its stock price was down as much as 19% through Monday’s close. And today, the stock price fell by 6.85%. Overall results for Best Buy Co Inc (NYSE:BBY) show that key numbers were down. Comparable-store sales declined 2.7%, domestic…