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News Breaks
January 16, 2014
07:04 EDTBBYBest Buy reports Holiday revenue $11.45B
The company said, “When we entered the holiday season, we said that price competitiveness was table stakes and an intensely promotional holiday season is what unfolded. In both channels, the promotional intensity that began with Black Friday continued throughout the period, which led us and our competitors to answer one question – do we make the incremental investment necessary to be price competitive and defend our market share? For us, there was only one answer. To advance our Renew Blue transformation, it was imperative that we live up to our customer promises – and one of these promises is to offer our customers competitive prices. This investment in pricing did come with a higher-than-expected cost, and we now estimate our fourth quarter non-GAAP operating income rate will be 175 to 185 basis points lower than last year. However, our price competitiveness combined with our improved customer experience both in-store and online, as demonstrated by a 400 basis point improvement in our Net Promoter Score, resulted in a market share gain in an industry that NPD says declined 240 basis points during the holiday period. We also made significant progress against several other Renew Blue priorities that will leave us well-positioned as we enter fiscal 2015."
News For BBY From The Last 14 Days
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July 31, 2015
10:48 EDTBBYGoPro soars after Citi ups target to $90 on drone, VR potential
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July 30, 2015
10:13 EDTBBYOptions with increasing implied volatility
Options with increasing implied volatility: ESPR SRPT CX RAX YY SPLK QIHU HFC OWW BBY
09:01 EDTBBYAmerican Express, Best Buy announce e-commerce technology integration
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July 29, 2015
10:41 EDTBBYOptions with increasing implied volatility
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10:27 EDTBBYOptions with decreasing implied volatility
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July 27, 2015
06:05 EDTBBYBest Buy to begin selling Apple Watch in August, WSJ reports
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July 23, 2015
19:24 EDTBBYWal-Mart's Apple Pay competitor launching soon, Bloomberg says
CurrentC, the mobile payment application funded by Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and others, will see an early trial run next month, Bloomberg reported earlier, citing three people familiar with the situation. A spokesperson for Lowe's (LOW) said the consortium behind the app expects an official launch in Q3, and Bloomberg noted that CurrentC will compete with more "established" offerings such as Apple's (AAPL) Apple Pay and Google's (GOOG) Android Pay. Reference Link
July 20, 2015
09:31 EDTBBYBest Buy store rationalization to be catalyst, says BB&T
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