Cheat Sheet
The Best In Brief
THANK YOU
Your feedback has been sent!
Bad News at Best Buy
Those few lucky people with money to spend on fancy TVs this holiday season may have nowhere to buy them. Two days after its main rival, Circuit City, declared bankruptcy, Best Buy has called the upcoming retail season “the most difficult climate we’ve ever seen.” Blaming “rapid, seismic changes in consumer behavior,” the electronics giant cut its earnings and revenues projections. It was hoping to expand into the vacuum left by Circuit City’s implosion, but admits now that it must cut both spending and inventory levels.
COPYRIGHT © 2008-09 RTST, INC. ALL RIGHTS RESERVED.
Partner Sites: Expedia| Hotels| Hotwire| Urbanspoon| Vimeo
Thank you.
As a first time user, your comment has been submitted for review. It can take anywhere from a few hours to a day or two for your comment to be reviewed, depending on the time of week and the volume of comments we receive.
Please log in to leave comments.