Scalper1 News
Best Buy (BBY) stock plummeted more than 25% on Thursday after the consumer electronics retailer reported weaker-than-expected U.S. holiday sales, casting doubt on the company’s turnaround efforts. Best Buy said domestic same-store sales fell 0.9%, despite heavy discounting to draw in customers. For the nine weeks ended Jan. 5, Best Buy took in U.S. revenue of $9.75 billion, down 1.5% from the year-earlier period. The retailer’s international Scalper1 News
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