Best Buy Is Still Going Strong as It Heads Into the Holiday Season
Best Buy posted strong third-quarter results, including sales growth at stores open at least a year of 1.7%. Investors and analysts are optimistic about the electronics retailer’s prospects, calling it one of the top performers in retail and predicting a strong holiday shopping season. The holidays are especially critical for Best Buy: last year, more than a third of the retailer’s sales took place during the final quarter.
“We are excited about our holiday plans,” CEO Corie Barry said in a statement. This will be Best Buy’s first holiday under Barry, a veteran Best Buy executive who took over as chief executive earlier this year.