Skip to main content

Best Buy sees sales fall in December

The retailer sales sales fell slightly below expectations in December, a crucial month for retailers when holiday shoppers can account for up to 40 percent of sales for the year.
  • Author:
  • Updated:
    Original:

The retailer sales sales fell slightly below expectations in December, a crucial month for retailers when holiday shoppers can account for up to 40 percent of sales for the year.

Next Up

liz collin wcco youtube screengrab

Liz Collin reveals she is leaving WCCO

"Thank you for trusting me to tell your stories," she wrote in Tuesday's announcement.

jimmy john's rochester antimask rant guy

Video: Man harasses Jimmy John's workers, wishes death on them over mask mandate

"When are you going to start using that brain inside of your head," the man asks.

Jim Harbaugh, Michigan Wolverines

Michigan writer: 'Don't count out the Vikings' on Jim Harbaugh

Are the Vikings a dark horse to hire Michigan's head coach?

st louis park shooting 1

St. Louis Park PD release photos of vehicle involved in shooting on I-394

A man was shot multiple times as he drove down I-394 last week.

FJ68m4BWYAMdiw-

Perfect 10: Gophers gymnasts make history with two perfect scores

Mya Hooten and Ona Loper were literally perfect on Monday night.

Dean Evason

Tempers flare as Wild hammer Canadiens

Montreal was anything but polite after the Wild picked up an 8-2 victory.

Blaine VFW video screengrab crop N West Twitter

Authorities now looking into MN lawmaker's report of assault

Video shows Rep. Nolan West being grabbed and pushed out of a public event.

TajPharmaImages WIkimedia Commons ivermectin

COVID treatments: Essentia Health to help test 3 existing meds

The clinical trial includes the much-discussed drug ivermectin.

Screen Shot 2022-01-24 at 3.48.57 PM

Suspect crashes into Minneapolis snow plow, fires shots at plow driver

The plow driver was pulled to the side of the road when the incident happened.

cold Minneapolis

Coldest day of the winter is possible this week in Minnesota

An air temp of -30F isn't out of the question too far from the metro.

polley freeborn county jail roster jan 2022 resize

District fires school counselor accused of sexually assaulting student

He's been charged with felony criminal sexual conduct.

Related

Best Buy profits fall 29 percent; stock tumbles

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 executive stock options on the verge of being worthless

The Richfield-based retailer has watched the value of its shares drop more than 50 percent over the past two years as it struggles to grow sales. If the trading price continues to fall below the option price, the options held by executives are valueless. The Star Tribune explains ...

Best Buy shifts 2,000 employees to sales floor

About 2,000 loss-prevention workers at Best Buy are being moved away from store entrances to help sell more merchandise, Bloomberg reports. A spokeswoman with the troubled Richfield-based big-box retailer says no one is being let go.

Best Buy relaunches Richfield store

Best Buy celebrates the grand re-opening of its remodeled Richfield store this weekend. The store's size was reduced by 20 percent. Shelf heights are lower. Less merchandise is stored on the sales floor and skylights provide natural light. If it succeeds, the Richfield store could be a model for many of the reeling retail chain's other outlets.