June 16, 2009

Best Buy 1Q profit drops 15 pct but tops forecasts (AP)

FILE - In this March 24, 2009 file photo, the Best Buy store in Danvers, Mass.. is shown. Best Buy Co. Inc. said Tuesday, June 16, 2009, its first-quarter profit fell 15 percent as same-store sales declined 6 percent amid the recession. The stronger dollar also hurt overseas results. (AP Photo/Elise Amendola, File)AP – Best Buy Co. Inc. is winning over customers left stranded when Circuit City closed, but it is still struggling with sluggish sales as shoppers continue to limit big purchases and Wal-Mart steps up competition.

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Filed under Blog, Digital Camera, Digital News by Yahoo! News: Digital Photography on Jun 16th, 2009.

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