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Best Buy Outlook Overshadows Holiday Sales Gains

New York Times Original article ›

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Best Buy sales increase by 3.4% in U.S. stores for the nine weeks of the 2014 holiday season through Jan. 3, and online sales increased 13.4%, with the improving U.S. economy. Sales were higher for newer flat screen televisions and smartphones as customers made replacement with new models. The outlook for 2015 remains uncertain because of volatile exchange rates and declining electronics prices.

Best Buy performance

11/25/2009

Grouped Articles

Can This Former Clerk Save Best Buy?

Wall Street Journal 05/12/2013

Best Buy Works to Get Its Website Up to Snuff

Wall Street Journal 08/08/2013

Fear of 'Showrooming' Fades

Wall Street Journal 11/04/2013

Underdog Against Amazon, Best Buy Charges Ahead

New York Times 12/13/2013

No One Buys When Best Turns to Worst

Wall Street Journal 01/17/2014

Best Buy Won't Fade to Blue

Wall Street Journal 08/26/2014

Best Buy share price performance 2011-2016

04/05/2013

Best Buy shares were up 112% in 2013 being the top performer in the S&P 500 Index . The shares were up 16% in April 2013 with the announcement on Samsung taking space inside all Best Buy stores. The new approach was a counter strategy to "showrooming."

Grouped Articles

Fear of 'Showrooming' Fades

Wall Street Journal 11/04/2013

Underdog Against Amazon, Best Buy Charges Ahead

New York Times 12/13/2013

No One Buys When Best Turns to Worst

Wall Street Journal 01/17/2014

Best Buy Won't Fade to Blue

Wall Street Journal 08/26/2014

Best Buy Sales Bounce Back Ahead of Holidays

Wall Street Journal 11/22/2014

Best Buy Outlook Overshadows Holiday Sales Gains

New York Times 01/15/2015

Hubert Joly, CEO of Best Buy since August 2012 and the rapid turnaround at Best Buy

04/11/2012

Joly is a graduate of the French Institut Etudes de Politiques and was CEO of Swedish hotel and travel service firm Carlson before joining Best Buy in August 2012. His strategy was to convert shoppers at Best Buy into buyers by making sure they get the best price they can get elsewhere. And to offer them service, convenience and advice. For him it was "shame on us" if the shopper walked out without buying because this was a better deal than he could get anywhere else. To do this he took out costs elsewhere. Best Buy's stock is up about 240% and is one of the best performing stocks of 2013.

Grouped Articles

Underdog Against Amazon, Best Buy Charges Ahead

New York Times 12/13/2013

No One Buys When Best Turns to Worst

Wall Street Journal 01/17/2014

Can Retailers Halt 'Showrooming'?

Wall Street Journal 04/11/2012

Best Buy Won't Fade to Blue

Wall Street Journal 08/26/2014

Best Buy Outlook Overshadows Holiday Sales Gains

New York Times 01/15/2015

Best Buy Holds Steady as Consumer Electronics Sink

Wall Street Journal 05/22/2015


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