Best Buy Posts Weak Earnings and Sales as Customers Wait for Deals
By Panos Mourdoukoutas Big-box retailer Best Buy posted weak earnings and sales in the fourth quarter of 2024 as competition in the retail industry intensifies and customers shop around for deals. On the morning of Nov. 26, the company reported third-quarter financial results for fiscal year 2024 that missed the mark across the board: Comparable store sales dropped by 2.9 percent…
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