Weak Sales, Tepid Outlook Overshadow Best Buy's Shareholder Bonanza

NEW YORK ( TheStreet) -- Best Buy did its best to please shareholders Tuesday, announcing a dividend hike, a special one-time dividend, and a major stock repurchase plan, in addition to beating analysts' earnings estimates for the fourth quarter.  But it still wasn't enough to generate more enthusiasm among investors who were disappointed in weak tablet sales and a tepid profit outlook. Jim ...

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Best Buy skids after weak same-store sales outlook

Best Buy said it expects flat to negative same-store sales growth in the first two quarters of its fiscal year starting February.

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Utah Mall’s Travails Expose Property Weak Link: Mortgages

The Gateway shopping mall in Salt Lake City was a symbol of urban renewal when it opened with the start of the 2002 Olympic Games. Now it’s losing tenants and customers, reflecting the travails of retail real estate across the U.S.

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Retailers suffer a weak shopping season, though 2015 could be strong - Brownsville Herald


Brownsville Herald

Retailers suffer a weak shopping season, though 2015 could be strong
Brownsville Herald
Also impacting Sunrise Mall was the Mexican peso, which suffered a poorly timed devaluation just before the shopping season, a trend that continues, he said. As of Friday afternoon, a dollar was buying 14.71 pesos. That kind of exchange rate tends to ...

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Retailers suffer a weak shopping season, though 2015 could be strong - Valley morning Star


Retailers suffer a weak shopping season, though 2015 could be strong
Valley morning Star
Also impacting Sunrise Mall was the Mexican peso, which suffered a poorly timed devaluation just before the shopping season, a trend that continues, he said. As of Friday afternoon, a dollar was buying 14.71 pesos. That kind of exchange rate tends to ...

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Will Best Buy (BBY) Miss Earnings on Weak Industry Trends?

Our proven model does not conclusively project Best Buy Co., Inc. (BBY) as likely to beat earnings this quarter.

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Reject Shop says sales remain weak

The Reject Shop expects underlying profit growth in the year ahead despite on going sales weakness.

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Wal-Mart Cuts Guidance On Weak Traffic, Higher Expenses And Slow Online ... - Forbes


Wal-Mart Cuts Guidance On Weak Traffic, Higher Expenses And Slow Online ...
Forbes
Moreover, they are preferring online shopping over store shopping to avoid impulse buying. When shopping online, buyers usually stick to their shopping list. While this trend has hurt consumer spending at Wal-Mart, it has helped online sales of retail ...

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Weak electronics sales pressure Best Buy, Sears - The Sun


Weak electronics sales pressure Best Buy, Sears
The Sun
Best Buy and Sears both blamed their weak quarterly results last week on the fact that shoppers aren't shelling out for consumer electronics. Already squeezed by tough competition from online retailers like Amazon.com and discount stores like Wal-Mart ...

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Weak electronics sales pressure Best Buy, Sears

Is America's love affair with gadgets fading? Best Buy and Sears on Thursday both blamed their weak quarterly results on the fact that shoppers aren't shelling out for consumer electronics. Already squeezed ...

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