Best Buy sales rise where purchases taxed


Minnesota-based Best Buy said its online sales have increased in certain markets as arch rival Inc. collects tax on purchases in more states, Reuters reported.

"In California, Texas and Pennsylvania where recently started collecting tax, it is very early, but Best Buy has seen a 4 to 6 percent increase in online sales observed in aggregate versus the rest of the chain," spokeswoman Amy von Walter wrote in an email to Reuters.

Meanwhile, Best Buy company officials may be disappointed Friday when same-store sales figures are released for the holiday sales period from Nov. 4 through Jan. 5, Bloomberg News reports.

Two analysts forecast a 2 percent drop in sales at stores open at least 14 months, Bloomberg reports.

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