Scalper1 News
Best Buy stock plummeted 29% on Thursday, to a seven-month low, after the consumer electronics retailer reported weaker-than-expected U.S. holiday sales that an analyst called “shocking,” casting doubt on its turnaround. Best Buy (BBY) said U.S. same-store sales fell 0.9%, despite heavy discounting to draw in customers and compete with online sellers. For the nine weeks ended Jan. 5, Best Buy took in U.S. revenue of $9.75 billion, down 1.5% from Scalper1 News
Scalper1 News