New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 21, 2012
10:42 EDTBBYFitch downgrades Best Buy to BB-, outlook negative
Fitch Ratings has downgraded its Issuer Default Rating on Best Buy to 'BB-' from 'BB+'. The Rating Outlook is Negative. Fitch believes that Best Buy faces headwinds around market share that are having an adverse impact on comparable store sales, profitability, and the company's credit profile. The Negative Outlook reflects (i) the potential for an accelerating shift in consumer electronics sales to the online channel and (ii) Fitch's skepticism that the strategic plan laid out by new management, which shed some light on cost cutting programs and initiatives to reinvigorate sales, will achieve the targeted improvements and curb market share losses and profitability declines. The ratings continue to reflect Best Buy's strong liquidity position and free cash flow generation.
News For BBY From The Last 14 Days
Check below for free stories on BBY the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 15, 2014
11:09 EDTBBYRadioShack rises after CFO resigns, analyst suggests Amazon should buy stores
Subscribe for More Information
06:24 EDTBBYRadioShack liquidation could lift Best Buy comps, says Deutsche Bank
Subscribe for More Information
September 11, 2014
07:13 EDTBBYSome retailers wary of Apple Pay platform, Reuters says
Apple (AAPL) Pay's success is dependent on incorporating more large retailers such as Wal-Mart (WMT) and Best Buy (BBY) into the service, but both retailers recently ceased accepting payments using NFC terminals, according to Reuters, citing comments from Best Buy spokesman Jeff Shelman. Shelman said, "At this point we have no plans to accept Apple Pay." Reference Link
September 8, 2014
06:21 EDTBBYSmartwatch market to reach $10B by 2018, says Citigroup
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use