- Execs with Best Buy (BBY) did little to shore up confidence in the retailer during their conference call this morning.
- CEO Hubert Joly said the company had to live up to its early promises to customers which left it in a predicament when peers dropped prices.
- The tone of the call is such that the company seems to be indicating its wants get back to its service value-added proposition which sets it apart from Amazon and stop playing the cut-throat game of protecting every basis point of market share.
- BBY -29.5% premarket
- Holiday sales conference call webcast