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Best Buy same-store sales fall in December
Minneapolis -- Best Buy Co.’s December same-store sales fell 4% as softness continued in its sales of televisions and entertainment software.
The retailer, which also reaffirmed its 2011 profit outlook, said on Friday that same-store sales in its domestic segment fell 5% and 0.1% internationally.
Overall sales in the month slipped 1.6% to $8.4 billion. -
Best Buy Dec. comp doesn't damper CES mood
LAS VEGAS - Reporting from the Consumer Electronics Show, Best Buy said that revenue for the fiscal month of December ended Jan. 1, decreased 1.6% to $8.4 billion. The revenue decline for the five-week period, as compared with $8.5 billion in revenue for the five-week period ended Jan. 2, 2010, was due primarily to a comparable-store sales decline of 4% partially offset by the addition of new stores in the past 12 months and the favorable impact of fluctuations in foreign currency exchange rates.