Saturday, January 12, 2013

Best Buy same-store sales drop 1.4%

By Steve Gelsi 


NEW YORK (MarketWatch) -- Best Buy Co. Inc. BBY +16.38% said Friday sales at stores open at least a year fell 1.4% in the nine weeks ended Jan. 5. Domestic same-store sales were flat. Total company sales dipped to $12.8 billion for the nine weeks ended Jan. 5, compared to $12.9 billion in total sales for the nine weeks ended Dec. 31, 2011. Shares of the Minneapolis-based electronics retailer jumped 5% to $12.21 on Thursday.
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