Thursday, January 14, 2016

Holiday sales fell at Best Buy, shaped by slower demand for smartphones

itempropBest Buy said a softness in mobile phone sales dragged down the retailer's holiday sales, which ended up coming in lower than it expected.

The Richfield-based retailer reported this morning a 1.4 percent drop in U.S. same-store sales during the nine-week holiday sales period and lowered its sales guidance for the entire fourth quarter, which runs through this month.. . . more

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