Best Buy Co Inc forecast annual same-store sales below analysts' estimates ...
) forecast annual same-store sales below analysts’ estimates on Thursday, citing new U.S. tariffs set to be imposed on Chinese imports, such as phones, video game consoles and other electronics.
Best Buy’s shares, which have lost about 10% of their value so far this month, fell 5.4% to $65.30 in pre-market trade as consumer electronics retailer also flagged concerns over uncertainty related consumer buying behavior in the second half of the year. President Donald Trump last week said U.S. tariffs on $250 billion worth of Chinese imports would rise to 30% from the current 25% beginning Oct. 1.
Trump announced the increase to 15% from 10% last Friday, with the first tranche on over $125 billion of targeted goods including smart watches, Bluetooth headphones and flat panel TVs, set to go into effect on Sept. 1.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Best Buy shares fall after reporting second-quarter revenue and same-store sales missesInvestors were pessimistic even though Best Buy reported earnings that beat expectations by 9 cents and raised its guidance for the fiscal year.
Leer más »
Top Nordic Sustainable Fashion Brands - Buy Less, Buy Better - NSMHere are Nordic brands working for sustainability that need to be on your radar this fall, including nudiejeans, arketofficial and Filippa_K!
Leer más »
Best Buy revs up supply chain ahead of the holiday seasonThere's much talk today about the shipping wars between big-box retailers Walmart and Target and e-commerce giant Amazon. But Best Buy has likewise been chipping away at its delivery strategy for the past few years.
Leer más »
The Best Ukuleles to Buy OnlineWhether you know it or not, chances are, you’ve heard a ukulele on one of your favorite tracks.
Leer más »
Stocks making the biggest moves premarket: Best Buy, Abercrombie & Fitch, Box, Disney & moreThese are the stocks posting the largest moves before the bell.
Leer más »
Labor Day Sales 2019: Best Fashion & Beauty DiscountsShop ET Style's best picks of the Labor Day discounts worth shopping.
Leer más »