News

Best Buy shares take a dive despite robust sales

September 4, 2017

While Best Buy enjoyed a 5.4 percent same-store quarterly sales boost and a revenue spike of 4.8 percent in the most recent quarter, its shares dropped 12 percent last week.

The sales figure, according to a New York Post report, are the retailer's best quarterly figures in seven years.

The electronics retailer is prepping a new customer service program offering customers free in-home project advice that it hopes to have up and running in all major areas by next month, stated the report.