Best Buy Update

Back on 8th January, Best Buy reported that for the fiscal month of December [which ended on 2nd January], revenues increased some 13% to $8.5bn. One year ago, for a similar five week period, revenues came in at $7.5bn. The holiday period is absolutely critical to retailers like Best Buy where these five weeks represent a little under 10% of the year in trading days, but a little over 20% of annual revenues.