Best Buy remains positive after challenging quarter
March 3, 2022
Best Buy reported a 2.3 percent decline in same-store sales as supply chain issues on popular products and reduced store hours tied to the spread of the Omicron variant dampened its performance. Matt Bilunas, Best Buy CFO, expects that sales in 2022 will remain above pre-pandemic levels.
Recent News
Victorinox Pioneers Bladeless Multi-Tools
Victorinox, globally recognized for its timeless Swiss Army Knife, is embarking on a new and different venture: the development of a bladeless version of its iconic multi-tool in adherence to stricter international laws.
Shopify’s Stock Plummets 19% After Earnings Report
Shopify, the Canadian e-commerce company, faced a significant drop in its stock value after releasing its first-quarter results.
Peloton Stocks Soar 14% Amidst Potential Private Equity Buyout
Peloton has been struggling since the pandemic ended. Now, it may be getting a reprieve.
Panera Halts Sales of ‘Charged Sips’ at Heart of Lawsuits
Panera’s Charged Sips allegedly caused two deaths, and now they’re being pulled from the chain’s menus.