The retailer's stock dropped in early trading after the company announced profits fell 29 percent, missing Wall Street's expectations. But, as the Business Journal reports, sales are up, both in stores and online. Black Friday advertising and a one-time fee over store closures in the U.K. drove down profits.
Best Buy stock tumbles, Radio Shack troubles could be cause
A weak earnings report from Radio Shack fueled the belief that brick-and-mortar electronics stores - like Best Buy - are losing their fight with online competitors.