0
General

Best Buy says sales down 30% since 21 March

Wednesday 15 April 2020 | 16:45 CET | News
US retailer Best Buy announced plans to start furloughing staff and cutting wages to deal with reduced sales. The company said its revenues were down 5 percent year-on-year in the nine weeks to 04 April. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Best Buy
Countries: United States
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Best Buy to exit Mexico on Covid-19 impact

Published 25 Nov 2020 11:12 CET | Mexico
US electronics retailer Best Buy confirmed that it will be closing all its stores in Mexico after experiencing several months of ...

Best Buy Q2 sales up 4% as shops re-open, up 20% in first three weeks of Q3

Published 25 Aug 2020 13:56 CET | United States
US retailer Best Buy has reported enterprise revenue growth of almost 4 percent in its second quarter, with online sales up more ...

Best Buy offers staff pay increase as quarterly sales grow 2.5%

Published 22 Jul 2020 09:40 CET | United States
US retailer Best Buy said sales were up 2.5 percent year-on-year in its Q2 to 18 July. It also announced plans to increase all ...

Best Buy sales fall 6% in April quarter

Published 21 May 2020 15:40 CET | United States
US retailer Best Buy reported comparable sales for its fiscal first quarter to 04 May down 5.7 percent year-on-year in its home ...

Wejo helps US states track citizens' movements during Covid-19 with connected car data

Published 18 May 2020 15:56 CET | United States
UK connected car software start-up Wejo is working with US states to use connected car data to track people's movements during ...

Best Buy tops guidance with 2.1% comparable FY sales growth

Published 27 Feb 2020 15:49 CET | United States
US retailer Best Buy reported results ahead of guidance for its fiscal year to January, with comparable sales growing 2.1 ...