Best Buy Raises Cost-Cutting Target To $1 Billion

By | February 27, 2014

Scalper1 News

Best Buy (BBY) reported better-than-expected earnings for its fiscal Q4 early Thursday, thanks to cost-cutting measures. But revenue for the quarter ended Feb. 1 missed forecasts. The Richfield, Minn.-based consumer electronics retailer said there are still more cost savings and operational improvements to be had as part of Best Buy’s Renew Blue turnaround plan. In the first year of the program, Best Buy reduced costs by $765 million on an Scalper1 News

Scalper1 News