Best Buy in focus after hhgregg limps in

|About: Best Buy Co. (BBY)|By:, SA News Editor

Shares of Best Buy (BBY -1.1%) slip after dismal guidance from hhgregg (HGG -17.8%) throws a scare into investors.

hhgregg CEO Dennis May called the big box atmosphere "intensely promotional" and noted his company declined to participate in the price slashing.

The 11% drop in comp sales at hhgregg suggest Best Buy might have picked up some incremental market share in Q4.