Consumer electronics retailer Best Buy says it’s willing to take a hit to Q4 profit to beat the competition this holiday shopping season. Best Buy (BBY) warned Tuesday that it will price aggressively this quarter to keep pace with rivals such as Amazon.com (AMZN) and Wal-Mart (WMT). “We’re in this to win,” Best Buy CEO Hubert Joly said on a conference call with analysts. “We’re playing to win as opposed to not lose.” The Richfield, Minn.-based
Continue Reading:
Best Buy Vows To Win Q4 Sales, Predicts Profit Hit