Best Buy Declares the ‘Low Point’ in Tech Sales After Years of Declines
August 30, 2023
Best Buy’s CEO, Corie Barry, has stated that the current year will likely mark the low point in tech demand after experiencing two years of sales declines. This downturn follows a surge in tech purchases during the pandemic, leading to subdued demand afterward. The company anticipates that demand will rebound in the upcoming year as consumers seek to upgrade or replace their pandemic-era purchases, and it is already seeing signs of stabilization in categories like home theater.
Recent News
Grocery Prices Have Finally Fallen for the First Time in a Year
Some grocery staples are seeing a decline in price.
Under Armour Layoffs Set Company up for Major Restructuring, Says CEO
Amid a decline in revenue, the brand is restructuring.
Almost 900,000 Yogi Tea Bags Recalled Over Pesticides
East West Tea Company, LLC has initiated a recall affecting almost 900,000 Yogi tea bags in 54,846 boxes sold nationwide.
McDonald’s Introduces Limited-Time $5 Value Meal & New McFlurry
McDonald’s will launch a $5 value meal in the U.S. starting June 25, available for roughly a month.