CNBC's Herb Greenberg reports on weaker than expected retail sales on Black Saturday, and the competition between Best Buy and Groupon, despite the gap in market cap.
Despite promotional efforts, Best Buy shares are down this morning after the company missed Q3 revenue and earnings per share estimates. Perspective on where the company's prospects stand, with Alan Rifkin, Barclay's Capital retail hardlines analyst.
The shortfall in the quarter occurred because of gross margins, says Brian Nagel, Oppenheimer & Co. senior equity research analyst, who says the promotional efforts by Best Buy to boost sales heavily weighed on the retailer's gross profit margins.
Weighing in on Best Buy's earnings and struggle to beat online retailer Amazon, with Kenneth Langone, Invemed Associates/Home Depot co-founder; Arthur Blank, Home Depot co-founder, and Bernie Marcus, Home Depot co-founder/Marcus Foundation chairman.
Best Buy expects healthy Q3 results from a successful Black Friday weekend and early holiday season, with Carter Worth, Oppenheimer chief market technician, and Peter Keith, Piper Jaffray analyst.
Best Buy is shaking things up today, acquiring its British partner's stake of their US mobile phone joint venture for $1.3 billion, with Chris Horvers, J.P. Morgan, and John Carney, CNBC.com.
The Fast Money traders discuss today's pops and drops. Also, sharing perspective on where the euro is headed, with Willie Williams, Societe General director.
Best Buy cuts the price of its tablet by $200, with the Fast Money traders."This isn't targeting Apple- It's targeting every other table," says Jon Najarian, Optionmonster.com
Where was the last place you bought an electronics product? Sharing the data that shows whether there's a decline in physical store shopping, with Stephen Baker, NPD analyst.
Best Buy misses Street forecasts on Q2 earnings. A breakdown of retailer's earnings results with Michael Pachter, Wedbush Morgan Securities analyst, who lowered his target on the stock last week.