The press release is here.
The gist of it is slower foot traffic (less shoppers) in January drove a miss in overall sales for the quarter relative to their prior guidance. The company cited weaker sales in:
home theater (TVs, DVD players and audio systems)
mp3 players (the company sells iPods and about a half a dozen other brand names)
digital imaging (digital cameras)
video games (which they claim were in short supply in January)
Surprisingly, notebook computers were strong.
Friday, February 15, 2008
Best Buy lowers guidance
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