Best Buy’s online sales soar despite competitors – CNET Enlarge Image Best Buy shoppers in Skokie IL snag a discounted 55-inch television during Black Friday. Joshua Lott Getty Images Enlarge Image Best Buys second-quarter financial results compared to last years numbers. Best Buy With large chain retail stores like Target reporting weak second quarter earnings Best Buy swooped in yesterday with surprisingly strong numbers. Its 0.8 percent comparable sales growth exceeded its flat sales expectations and online sales growth reached 23.7 percent compared to 17 percent during the same quarter last year. In our Domestic business we are reporting comparable sales growth of 0.8% versus guidance of approximately flat Best Buy Chairman and CEO Hubert Joly said. This is on top of comparable sales growth of 3.8% last year. We saw continued positive momentum in our online sales – delivering a second straight quarter of nearly 24% growth. Best Buys earnings report attributed the improved online sales to increased traffic higher average order values and higher conversion rates. Health and wearables home theater products and large appliances did particularly well which helped balance out declines in phones and gaming categories. Lets block ads! (Why?) – Repost from: cnet Post – you can download ImmedTech app for android from link : bit.ly/ITapp-v1512
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