Best Buy’sBBY-0.16%decrease; red down pointing triangle chief executive warned that customers would largely bear the brunt of higher costs from Donald Trump’s new tariff pledges. Chief ...
Shares of electronics retailer Best Buy (NYSE:BBY) fell 10.3% in the morning session after the company reported weak third-quarter results, which missed analysts' revenue and earnings expectations.
Best Buy is bracing for the impact of Donald Trump's proposed tariffs on imports from China and Mexico — especially as the vast majority of items it sells come from the two countries.
Best Buy shares slumped 4 percent off the back of the news. CEO Corie Barry confirmed in an earnings call that the retailer saw 'softer than expected sales' in September and October.
Best Buy is in the process of investigating claims that its CEO was romantically involved with a fellow executive after the allegation was made in an anonymous letter sent to its board in December.
Tariffs against China and Mexico proposed by President-elect Donald Trump could lead to higher prices for electronics across the U.S., Best Buy CEO Corie Barry warned in a November earnings call, as ...
Best Buy CEO Corie Barry said Tuesday that personal electronics could become more expensive if President-elect Donald Trump carries out his threat to slap new tariffs on foreign goods, as large ...