Best Buy ekes out sales boost in challenging Q1

Best Buy on Thursday reported that U.S. first quarter revenue rose 0.8% year over year to $8.48 billion, with its new GreatCall acquisition contributing to sales. U.S. online sales rose 14.5% on a comparable basis to $1.31 billion, thanks mostly to higher average order values and increased traffic. As a percentage of total domestic revenue, e-commerce expanded by some 180 basis points to 15.4% from 13.6% last year. Overall company revenue rose to $9.14 billion from $9.11 billion...
Read more...

;