Best Buy stock up 3 percent after Black Friday crowds turn out for electronics - Bring Me The News

Best Buy stock up 3 percent after Black Friday crowds turn out for electronics

TVs, especially, were top sellers on the year's biggest shopping day, and among retailers, Best Buy seems to have done especially well. The early data says the retailer saw a huge jump in the number of Black Friday shoppers.
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TVs, especially, were top sellers on the year's biggest shopping day, and among retailers, Best Buy seems to have done especially well. The early data says the retailer saw a huge jump in the number of Black Friday shoppers.

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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.