Best Buy Co. sales stabilized in the U.S. during the holiday season after three quarters of declines, bolstering founder
Richard Schulze’s bid to take over the consumer-electronics retailer. The shares climbed.
Sales at domestic stores open at least 14 months were unchanged in the nine weeks ended Jan. 5, the Richfield, Minnesota-based company said today in a statement. Global comparable sales fell 1.4 percent, less than the 2 percent decline projected by analysts Mike Baker at Deutsche Bank AG and Scott Tilghman of B. Riley & Co.
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