Open Enrollment | Subscribe to Dealerscope HERE
Connect
Follow us on
Advertisement
 
 

Best Buy Offers Some Info on Black Friday Performance

November 27, 2012

With his investors and financing largely in place, Best Buy founder Richard Schulze wants to wait until after he sees Best Buy's Black Friday weekend numbers before offering to buy back the company.

So how did Best Buy do? A Deutsche Bank analyst declared Best Buy to be the weekend's "big winner" after reporting that 86 percent of stores it surveyed said they were "busy."

That's hardly scientific. And lots of traffic doesn't always or necessarily translate into real sales and profits, which is what Schulze wants to know.

...

 

Companies Mentioned:

People Mentioned:

More Suggested Content:

Best Buy Logo
Best Buy Slide Continues As Company Posts Loss
November 20, 2012 From News
Best Buy Tuesday reported another week quarter, posting a $10 million loss, compared with a $156 million profit for the same period a year before. Same-store sales dropped 4.3 percent. 
 
Best Buy
Best Buy's Goals: Cost-Cutting, Stronger Online Sales
November 13, 2012 From News
Best Buy's new CEO Hubert Joly held his first analyst and investor day Tuesday, filling in Wall Street on his strategy for turning around the struggling big box retailer. 
 

MORE ON RETAILING >>

 

COMMENTS

Click here to leave a comment...
Comment *
Most Recent Comments: