Video games, TV ruin Best Buy's profits
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Exercise would make it worse though Best Buy, the largest US consumer-electronics chain ,reported a net income drop of 18 per cent to $192m (39 cents per share), despite strong sales in the first quarter.â¦
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The consumer electronics retailer stumbles as its larger rivals thrive.
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Connecticut's attorney general announced a lawsuit Thursday against Best Buy Co. Inc., accusing the nation's largest consumer electronics retailer of deceiving customers with in-store computer kiosks and overcharging them.
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Best Buy Co. Inc.  reported lower-than-expected quarterly profit on Tuesday as the consumer electronics retailer slashed prices on flat-panel TVs to boost sales at the start of the holiday shopping season, sending its shares down over 6 percent.
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Best Buy Co Inc  cut its fiscal  2008 profit outlook on Friday, blaming in part  lower-than-expected sales growth in January.
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Best Buy Co. Inc. BBY.N, the top  U.S. electronics retail chain, posted a 21 percent rise in  quarterly profit on Wednesday, just above expectations, saying  it managed to build market share despite fierce competition.
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Best Buy Company Inc., the nation's largest electronics retailer, said on Wednesday that third-quarter earnings rose 21 percent, but gave hints that profits during the holiday selling season may not be quite what analysts were hoping for.
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Ohio authorities sued Best Buy Co. Inc. on Thursday, alleging the electronics retailer engaged in unfair and deceptive business practices.
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Analysts say makers sell consoles at a loss and profit on games, but Sony's loss is unusually high.
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Attorney General Jim Petro is suing Best Buy, alleging the electronics retailer has engaged in unfair and deceptive business practices.
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The retailer's same-store sales plummet.
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Does anyone remember Babbages? Barnes &amp; Noble (NYSE: BKS) purchased the video game retailer back in 1999, changed the name to GameStop (NYSE: GME), and spun off the company
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Best Buy Co. Inc.  reported lower-than-expected quarterly profit on Tuesday as the consumer electronics retailer cut prices on flat-panel TVs to boost sales at the start of the holiday shopping season, sending its shares down 5 percent.
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Half-year profits at online gambling firm Partygaming are wiped out, after it was forced to stop trading in the US.
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Electronic Arts swung to a loss because of restructuring charges and deferred revenue, but posted record revenue during the most brisk holiday season the video game industry has seen.
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Best Buy Co. Inc. BBY.N on Tuesday   reported a higher-than-expected quarterly profit, boosted by   new store openings and sales of high-priced electronics, easing   fears that consumers were pulling back on spending.
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Best Buy customers snatched up $2,000 flat-screen TVs, Neiman Marcus shoppers made a run on $1,000 handbags and Costco members tracked down every last $100 cashmere sweater, but the luxury buying binge did not spare the retail industry a weaker-than-expected holiday shopping season.