Best Buy hit by holiday sales slump – CNNMoney
CNNMoney |
Best Buy hit by holiday sales slump
CNNMoney "We were surprised by the market decline," said CEO Hubert Joly, during a teleconference with analysts. "Everybody expected it to increase by 2 or 3%, but it declined by 2%." The electronics retailer also blamed aggressive sales from competitors, "supply … Best Buy's Cheaper Price Strategy Fizzles for Christmas Best Buy Posts Holiday Sales Decline, Shares Plunge Best Buy shares tumble on weak holiday sales |
