Tuesday, May 24, 2016

Best Buy adds to chorus of woes in retail

A strong start to the year from Best Buy was overshadowed by a lengthening string of declining quarterly sales and a pessimistic outlook that added to a chorus of woes from the retail sector.

Last week, Target Corp. reported slowing quarterly sales and said that it could see more of the same in the current quarter. That would reverse almost two straight years of increases.
Others are seeing the same atrophying sales.. . . more

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