Best Buy's earnings fall in first quarter, after initial sales surge during pandemic

  • 📰 CNBC
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

United States News News

United States Latest News,United States Headlines

The retailer had a surge of sales during the early weeks of the pandemic, but later furloughed about 51,000 employees and took other cost-cutting measures.

Best Buy had a wave of sales early in the coronavirus pandemic, as customers bought kitchen appliances, computer monitors and other items to help them set up home offices and settle in for long stays at home.In May, the company began reopening some of its stores to customers -- but only by appointment.

The company's revenue fell to $8.56 billion, from $9.14 billion a year earlier, beating analysts' estimate of $8.16 billion.The retailer had

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Should see a stimulus checks big tv bounce here soon.

Yeah I wonder why!? 🤔 You can’t even shop in a store..... BestBuy MakeAnAppointment Stupid OpenAmericaNOW

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The 24 Best Brands to Buy Now, Pay LaterAfterpay, QuadPay and Klarna are changing the way we shop. YouTube is trying to censor my video. Facebook won’t promote my video. They say I’m “inciting violence”, but I’m just speaking truth. Yes, I’m posting this a lot. If that‘s a problem for you, I’m sorry, but this NEEDS to be seen. My gut reaction if you couldn't afford an item otherwise...you probably should buy it.
Source: TeenVogue - 🏆 481. / 51 Read more »

The 31 best appliances to buy on sale for Memorial DayWhile buying an appliance online might seem daunting, it can actually be a good way to compare prices and find the best bargains. OK , but if you don't want to wash your clothes twice every time, beware of some bargain appliances. Lemon appliances tend to migrate to discount stores and sites! reviewed Where are the deep freezers at? reviewed Every time a friend complains about a problem with a major appliance, it’s always a Samsung or LG..and they’re usually 4 to 5 years old...with warranty having expired of course.
Source: USATODAY - 🏆 100. / 63 Read more »

Coronavirus investing tips, what to buy for crisis recovery: BlackRock - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Casey Wasserman in Talks to Buy Paradigm Agency Music AssetsCasey Wasserman, the sports and entertainment entrepreneur who is the grandson of legendary talent agency mogul Lew Wasserman, is in talks to acquire the music assets of Paradigm agency, which has … So a Paradigm shift...
Source: Variety - 🏆 108. / 63 Read more »

You Can Buy CBD Skincare at Sephora6 of the Best CBD Skincare Products You Can Buy at Sephora
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »

Face Masks For Kids You Can Buy Online (In Fun Prints And Colors)Keep children and others safe with face masks your kids will actually want to wear. 🖤🔥 pandemic turn fashion to the next level. Ok
Source: Forbes - 🏆 394. / 53 Read more »