Best Buy's Q2 sales jump 20 percent; will downsize Sam Goody stores
The addition of 76 stores in the past 12 months has led to a 20-percent increase in second-quarter sales for the nation's leading consumer electronics retailer, Best Buy Co. Inc., Eden Prairie, Minn. The increase includes sales from the company's Future Shop locations, which were acquired in November
of last year. Same-store sales met the company's expectations, rising 2 percent. In other news, Best Buy intends to downsize its Sam Goody mall stores as a result of lower-than-expected performances in recent months. The company intends to close some of the stores altogether and shrink others to a smaller size.
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Reports from Best Buy, Barnes & Noble, Payless, Kohl's, Sears, Good Guys, Circuit City, Family Dollar ......
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Business Editors EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--March 5, 2002 Best Buy Co., Inc. (NYSE:BBY), North America's number one specialty retailer of technology and entertainment products and ......
News/Assignment Editors ADVISORY...for Friday (July 27) --(BUSINESS WIRE) What: The Best Buy Fun Zone Mobile Technology Truck, a mobile marketing and entertainment destination, is available ......
Business Editors EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Feb. 28, 2002 Best Buy Co., Inc. (NYSE:BBY) today reported that its fourth-quarter sales remain on plan and that its ......
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News/Assignment Editors REMINDER... for Friday (April 12) --(BUSINESS WIRE) Twin Cities Debut of New, Innovative Mobile Computer Kiosk Fairview-University Children's Hospital, Minneapolis - Fri., April ......
News/Assignment Editors ADVISORY...for Saturday (Sept. 29) --(BUSINESS WIRE) Thousands of Bargains to be Found at Fundraiser for the United Way Best Buy's Eden Prairie HQ ......
News/Assignment Editors REMINDER...for Saturday (Sept. 29) --(BUSINESS WIRE) Thousands of Bargains to be Found at Fundraiser for the United Way Best Buy's Eden Prairie HQ ......
Business Editors EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--March 5, 2002 Best Buy Co., Inc. (NYSE:BBY), North America's number one specialty retailer of technology and entertainment products and ......
Best Buy Co. announced three executive appointments yesterday.
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