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Stock Market & Financial Investment News

News Breaks
November 21, 2012
15:57 EDTBBYS&P cites continued margin pressure for all segments Best Buy's business
"The downgrade of Best Buy reflects our view that it will be very difficult for the company to improve its gross margin in the fourth quarter of the year given the highly promotional nature of year-end holiday retailing in the wireless and consumer electronic categories," said Standard & Poor's credit analyst Jayne Ross. It is our belief that all segments of the company's business will remain under margin pressure for 2012 and into 2013. In addition, we believe that the new management team still needs to fully formulate its strategy for improving the continued decline in same-store sales and margins. Given the highly seasonal nature of the company's operations, skewed heavily to the fourth quarter, we may not begin to see any tangible results until the second half of fiscal 2013 or beyond."
News For BBY From The Last 14 Days
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September 25, 2014
08:19 EDTBBYBest Buy management to meet with Deutsche Bank
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September 24, 2014
10:03 EDTBBYBest Buy confirms exclusive tech accessories from fashion designers
Best Buy confirmed that it will introduce exclusive tech accessories from fashion designers Nanette Lepore, Anna Sui, and Isaac Mizrahi. All will reflect and be inspired by the designersí current collections and will be available only at Best Buy. All three collections will debut Sunday, Oct. 5 at BestBuy.com and in Best Buy stores.
08:11 EDTBBYBest Buy hope designer accessories will bring more women to stores, Re/code says
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