Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Best Buy U.S. Appliance Comps Up Almost 17% Over Holidays
Jan 27, 2014
 Printable format
 Email this Article
 Search

Appliances had an improved holiday season at retailer Best Buy in the most recent holiday season, compared to the previous year's holiday season.

In the Domestic Segment (United States stores), Appliances made up 5% of the chain's revenue mix in the nine-week period that ended Jan. 4, 2014, compared to 4% in the nine weeks that ended Jan. 5, 2013.

Domestic Appliance comparable store sales were up 16.9% in the most recent holiday season. Appliance comps were up 10.7% during the previous year's holiday season.

In the International Segment, Appliances made up 13% of the revenue mix during the most recent holiday season, up from 12% in the previous year's holiday season.

Internationally, Appliance comparable store sales were up 6.2% in the most recent holiday season. Appliance comps were down 12.3% during the previous year's holiday season.

Total Best Buy revenue for the nine-week period that ended Jan. 4, 2014, was $11,451 million, down from $11,751 million in the nine weeks that ended Jan. 5, 2013.

Hubert Joly, Best Buy president and CEO, said price competitiveness was "table stakes" during the most recent holiday season, and that Best Buy made the investment into being price-competitive in order to defend is market share.

"This investment in pricing did come with a higher-than-expected cost, and we now estimate our fourth quarter non-GAAP operating income rate will be 175 to 185 basis points lower than last year," Joly said.

However, he added, this price competitiveness and the retailers improved customer experience gave it a market share gain in an industry that, according to NPD, declined during the holiday period.

Back to Daily News

 

Daily News

...........................................................

Sep 23, 2014: Shipments and placements of new manufactured homes up in July

Sep 23, 2014: Existing-home sales down in August

Sep 23, 2014: FHP motor shipments up big in the first half of 2014

Sep 23, 2014: Electrolux and General Electric to lead conferences at retail marketing conference

Sep 23, 2014: Global PCB Production Worth $59.4 Billion

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows