Web sales drive all the growth at Best Buy
20.11.2015 365 views
BestBuy continues to account for all the revenue growth for Best Buy Co. Inc.
The consumer electronics and appliance retailer says online revenue was $709 million in the quarter ended Oct. 31, which is the company’s Q3 2016 fiscal reporting period. That’s up 18.0% year over year and an approximately $108 million difference from the $601 million it reported a year ago. At the same time, total domestic revenue—which includes web revenue—totaled $8.090 billion, up 1.3% from $7.992 billion a year ago, a difference of $98 million. Total revenue fell 2.4%.
This is at least the third straight quarter in which web gains have accounted for all revenue gains at Best Buy.
Source: Internet Retailer