Web sales drive all the growth at Best Buy - Information portal

Web sales drive all the growth at Best Buy

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20.11.2015 Количество просмотров 311 views
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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


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