Electronics retailers tumble after Best Buy's (BBY -15%) decline in Q3 profit, lower same-store...


Electronics retailers tumble after Best Buy's (BBY -15%) decline in Q3 profit, lower same-store sales and reduced guidance - despite rising Y/Y U.S. electronics sales and robust overall retail sales. RSH -4.4%, GME -2.4%. Popular products from the likes of Netflix (NFLX) and Apple (AAPL) may be reducing the need for flat-panel TVs, videogames and other retail staples.

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  • realornot
    , contributor
    Comments (1263) | Send Message
     
    BBY CEO may just want to undershoot it now and give a surprise nx time. BBY is the only player in town. On-line is one thing. You do go there to buy last minute electronics and accessories.
    You can buy things for yourself on-line but when it comes to personal gifts. I still go there.
    This is a steal at this price.
    14 Dec 2010, 05:06 PM Reply Like
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