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December 16, 2010

Best Buy's Sales Suffer as Shoppers Chase Deals

Facebook Facebook Twitter Twitter LinkedIn LinkedIn Best%20Buy<%2Fspan>%20Co<%2Fa>.%20reported%20surprisingly%20soft%20sales%20for%20its%20quarter%20ending%20in%20November,%20sending%20its%20stock%20tumbling%20as%20the%20retailer%20acknowledged%20it's%20losing%20market%20share%20to%20rivals%20who%20sell%20electronics%20such%20as%20Wal-Mart%20Stores<%2Fspan>%20Inc.%20and%20Amazon.com<%2Fspan>%20Inc.<%2Fa>%0D%0A%0D%0Ahttps%3A%2F%2Fwww.mytotalretail.com%2Faggregatedcontent%2Fbest-buys-sales-suffer-shoppers-chase-deals%2F" target="_blank" class="email" data-post-id="24867" type="icon_link"> Email Email 0 Comments Comments

Best Buy Co. reported surprisingly soft sales for its quarter ending in November, sending its stock tumbling as the retailer acknowledged it's losing market share to rivals who sell electronics such as Wal-Mart Stores Inc. and Amazon.com Inc.

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