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Best Buy warns on continuing consumer softness

The pandemic pulled forward demand for goods -- particularly electronics -- by several years. We're now in the payback period and that has led to fewer visits to local electronics shops, including Best Buy.Here are some comments from the conference call, which is going on now:Comp sales in the first few weeks of Q3 have been down 6%Company guides to FY comp sales down 4.5-6.0% vs prior guidance of down 3-6%"Our industry continues to experience lower consumer demand due to the pandemic pull forwa... Read More

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Consumer

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Forex

Posted: Aug 29 2023, 12:48

Author Name: forexlive

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