Best Buy Blames Slow Sales On Device Manufacturers

By | May 22, 2014

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With no hot new products to attract customers, consumer-electronics sales are expected to decline in the next two quarters, Best Buy executives said Thursday. Best Buy (BBY) will continue to focus on improving profitability and making market-share gains, Best Buy CEO Hubert Joly told analysts. Early Thursday, the consumer-electronics retailer posted fiscal Q1 profit that beat Wall Street expectations, but sales missed views. Best Buy earned 33 Scalper1 News

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