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Best Buy Co. (BBY)

- NYSE
  • Tue, Jan. 6, 10:11 AM
    • Conn's (CONN -1.3%), RadioShack (RSH -1%) and Best Buy (BBY -0.7%) are all lower after electronics seller hhgregg warns on weak Q4 sales.
    • The tablet/computer category pulled down hhgregg's sales below estimates.
    | 2 Comments
  • Sat, Jan. 3, 7:51 PM
    • The intense competition in retail over free shipping policies is expected to bring some pain to Q4 margins as big box and e-commerce firms scrap for market share, warn analysts.
    • ComScore reports that free delivery on online purchases rose to 68% in 2014, up from 44% last year.
    • Amazon (NASDAQ:AMZN): 2014 shipping costs were up 32% through Q3. That mark comes before a holiday season in which the company says it saved customers a mere $2B in shipping fees.
    • Wal-Mart (NYSE:WMT): The Bentonville giant has already warned investors it will spend heavily on e-commerce and fulfillment center expansion as it eyes +30% growth in online sales. The company may have difficulty dialing back its free delivery policies, say industry insiders.
    • Target (NYSE:TGT): Wolfe Research projects a 1% shift in Target sales to e-commerce cuts into the firm's profit margin by 5 bps.
    • What to watch: Online sales rose 16% in Q3 vs. 4% for broad retail, a differential that is expected to have widened in Q4. Retailers with a sharp shift in mix to online could have trouble hitting consensus EPS estimates.
    • Related stocks: BBY, DKS, CAB, SPLS, TJX, BIG.
    • Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, IYK, FXD, IYC, FDIS, RHS, SCC, FSTA, UCC, PMR, UGE, RCD, PEZ, PSCD, SZK
    | 45 Comments
  • Dec. 30, 2014, 11:47 AM
    • Best Buy (BBY +0.2%) and Staples (SPLS +0.3%) are increasing their reliance on "creative" sub-leases in order to trim square footage costs, according to ICSC.
    • The trend in retail towards downsizing is expected to become even more pronounced in 2015.
    • Sears Holdings (SHLD -1.9%) shifted into a real estate management mode over a year ago, aided by prominent deals with Dick's Sporting Goods and Whole Foods Market.
    | 2 Comments
  • Dec. 23, 2014, 2:59 PM
    • The strong reads on consumer spending (ICSC, Redbook) bode well for Q4 earnings in the retail sector, note analysts.
    • Electronics sellers (BBY, HGG) and the luxury sector (RL, TIF, COH, KORS, KATE, FOSL, VRA) are viewed as being in a good position to see a December boost.
    • Companies which eased off on pulling a bulk of their sales forward with Black Friday/Cyber Monday deals are also seen as potential winners with sub-$2 gas resetting some holiday budgets.
    • Though e-commerce is expected to dazzle again this holiday season. It's not all fun and games for analysts looking at margins. The extension by Amazon (AMZN -0.1%) of its free shipping offer could be a signal that inventory levels are higher than anticipated and that the growth-at-all-costs mentality at the company is as entrenched as ever, notes Nasdaq Advisory Services.
    • The S&P Retail ETF (NYSEARCA:XRT) has doubled up the return of the S&P 500 over the last 3 months, 10.8% vs. 5.1%.
    • Previously: Retail trends to watch: Athleisure, P-E buyouts, and new online channels (Dec. 20 2014)
    • Related ETFs: XLP, XLY, VDC,VCR, RTH, RETL, FXG, PBJ, IYK, PEJ, FXD, IYC, FDIS, RHS, SCC, FSTA, UCC, PMR, PSL, UGE, RCD, PEZ, PSCC, PSCD, SZK
    | 1 Comment
  • Dec. 10, 2014, 8:21 AM
    • Best Buy (NYSE:BBY) is advertising free two-day shipping on thousands of items, reports RetailDive.
    • The move by the company is a reaction to the aggressive shipping promotions from Target and Amazon this holiday season.
    • Analysts see a marginal mix benefit for FedEX (NYSE:FDX) and UPS (NYSE:UPS) from the increase in retailers pushing their free two-day shipping services.
    | 3 Comments
  • Dec. 9, 2014, 8:36 AM
    • Shares of Best Buy (NYSE:BBY) are lower in early trading as a crisis at Conn's casts a shadow over big box retail.
    • Some retail analysts are calling the knee-jerk reaction a little overwrought considering Best Buy hasn't been as aggressive with its financing program.
    • BBY -1.9% premarket vs. S&P 500 -0.7%. Shares of hhgregg (NYSE:HGG) haven't opened yet but could see some nervous trigger fingers also.
    | 3 Comments
  • Dec. 4, 2014, 7:25 AM
    • Best Buy (NYSE:BBY) plans to exit China after running into a number of challenges competing in the region.
    • The company's Jiangsu Five Star Appliance unit will be sold to Zhejiang Jiayuan Real Estate Group for an undisclosed amount.
    • Last year, Best Buy sold off its European business in a move that took some pressure off its bottom line.
    | 1 Comment
  • Dec. 2, 2014, 1:05 PM
    • A technical breakdown on the performance of retail e-commerce sites for Black Friday and Cyber Monday reveals some winners and losers.
    • Sears (NASDAQ:SHLD), Costco (NASDAQ:COST), Office Depot (NASDAQ:ODP), REI, Saks and NewEgg drew high marks for using responsive web design to create a seamless mobile experience for users.
    • Costco and Sears were also on a list of fastest sites - along with Barnes & Noble (NYSE:BKS), W.W. Grainger (NYSE:GWW), Williams-Sonoma (NYSE:WSM), and Hennes & Mauritz (OTCPK:HMRZF).
    • The extended holiday was more uneven for Best Buy (NYSE:BBY), Staples (NASDAQ:SPLS), Cabela's (NYSE:CAB), and Forever 21 which had painful outages or slow performance times.
    • J.C. Penney (NYSE:JCP) was reported to have had a temporary mobile glitch which caused a slowdown, but also ended up on a list of top website performers.
    | 9 Comments
  • Dec. 2, 2014, 2:42 AM
    | 17 Comments
  • Dec. 1, 2014, 1:40 PM
    • Cyber Monday e-commerce sale are up 9% so far, according to data from IBM.
    • It appears some online sales were pulled forward with both Thanksgiving Day and Black Friday sales numbers coming in very strong.
    • Related stocks: EBAY, AMZN, DKS, BBY, TGT, WMT, SPLS, M, GPS.
    | 10 Comments
  • Dec. 1, 2014, 9:35 AM
    • Shares of Best Buy (NYSE:BBY) slide 1.8% at the open after the retailer suffers some website outages over the key Black Friday weekend.
    • Wedbush is also out with margin warning on the company after taking in pricing trends.
    | Comment!
  • Dec. 1, 2014, 7:50 AM
    • Comscore estimates e-commerce spending rose 32% on Thanksgiving Day to $1.01B and 26% on Black Friday to $1.51B.
    • Most retail analysts are sticking with their forecast for 4.0%-4.5% growth for holiday sales this year, with early shopping and e-commerce making up for a dip in store traffic on Black Friday.
    • Apparel sellers in particular came out with a stronger online push this year.
    • Related stocks: OTCPK:AMZZ, EBAY, AEO, ANF, JCP, JNY, JWN, KSS, LB, M, URBN, PSUN, BKE, WTSL, GPS, FDX, UPS, DKS, BBY, LULU, KATE, VRA, SPLS.
    | 7 Comments
  • Nov. 28, 2014, 11:39 AM
    • Best Buy's (BBY +1.8%) website is back up and running.
    • In a statement to the media, Best Buy said a spike in mobile traffic caused its ill-timed outage earlier today.
    • The company has been touting its price-match guarantee this holiday season which is believed to be creating large interest with shoppers.
    | 1 Comment
  • Nov. 28, 2014, 10:16 AM
    • Best Buy's (BBY +1.8%) website is down at the moment.
    • A message on the retailer's home page to Black Friday consumers: "Check back soon."
    • Shares of BBY have trimmed off some of their early gains, but could feel a sharper sting if the outage minutes stretch into hours.
    | 1 Comment
  • Nov. 24, 2014, 12:01 PM
    • Some data mining by WalletHub gives a sneak peek at which retailers are above and below the sector average of 39.5% on Black Friday discounting off of typical pricing.
    • Retailers with above-average discount activity: J.C. Penney (NYSE:JCP) 65.44%, Macy's (NYSE:M) 63.52%, Rite Aid (NYSE:RAD) 53.34%, Sears (NASDAQ:SHLD) 50.19%.
    • Retailers with below-average discount activity: Costco (NASDAQ:COST) 21.14%, Big Lots (NYSE:BIG) 25.24%, Amazon (NASDAQ:AMZN) 26.10%, Best Buy (NYSE:BBY) 32.08%.
    | 7 Comments
  • Nov. 21, 2014, 9:06 AM
    • Best Buy (NYSE:BBY) declares $0.19/share quarterly dividend, in line with previous.
    • Forward yield 2.00%
    • Payable Dec. 31; for shareholders of record Dec. 11; ex-div Dec. 9.
    | Comment!
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Company Description
Best Buy Co Inc Best Buy Co Inc is a retailer of technology products, including tablets and computers, televisions, mobile phones, large and small appliances, entertainment products, digital imaging and related accessories.
Sector: Services
Country: United States