Latest Best Buy Co Inc News

Tronox, Best Buy fall; Wynn Resorts, PG&E rise

Sep. 26, 2022 16:45 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Wynn Resorts Ltd., up $7.15 to $66.80. The casino operator gained ground on reports that the gambling haven of Macao will ease some travel restrictions starting in November. ...

From carmakers to refiners, industries brace for rail strike

Sep. 15, 2022 15:25 PM EDT

Car buyers might not get the vehicle they want on time, commuter rail lines could see service disrupted, and shipments from everything from oil to livestock feed could be snarled. Those are just a few of the wide-ranging impacts a walkout by U.S. rail workers would have on the...

Best Buy Q2 results fall amid softening demand for gadgets

Aug. 30, 2022 22:42 PM EDT

NEW YORK (AP) — Best Buy posted lower fiscal second-quarter profits and sales as the nation's largest consumer electronics chain struggled with weakening consumer demand for gadgets and high costs that rippled through its supply chain. But the results, announced on Tuesday, were...

Photronics, Conn's fall; Best Buy, Big Lots rise

Aug. 30, 2022 16:14 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Best Buy Co., up $1.19 to $74.89. The electronics retailer beat Wall Street's second-quarter financial forecasts. Devon Energy Corp., down $3.06 to $71.08. ...

Best Buy trims jobs after it cuts sales and profit outlook

Aug. 12, 2022 15:28 PM EDT

NEW YORK (AP) — Best Buy, the nation's largest consumer electronics chain, is trimming jobs in an effort to adjust to new changes in consumer behavior as the virus wanes. Best Buy declined to say how many jobs it was cutting, but The Wall Street Journal, which was first to report...

Inflation weighs on back-to-school buying for many families

Aug. 03, 2022 07:33 AM EDT

NEW YORK (AP) — To understand the impact of surging inflation on this year's back-to-school spending, look no further than children's rain boots with motifs like frogs and ladybugs made by Washington Shoe Co. Spending held steady for these evergreen items even after the Kent,...

Inflation and wage data suggest US prices will keep climbing

Jul. 29, 2022 11:19 AM EDT

WASHINGTON (AP) — Inflation surged in June and workers' average wages accelerated in the spring — signs that Americans won't likely feel any relief from rising prices anytime soon and that the Federal Reserve will feel compelled to further raise borrowing costs. An inflation...

Best Buy cuts sales forecast as inflation tempers spending

Jul. 27, 2022 19:19 PM EDT

NEW YORK (AP) — Best Buy, the nation's largest consumer electronics chain, cut its annual sales and profit forecast Wednesday, citing surging inflation that has dampened consumer spending on gadgets. The Minneapolis-based company echoed Walmart, which earlier this week said higher...