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Tribune News Service
Tribune News Service
Business
Nicole Norfleet

Electronics retailer Best Buy still weathering profit falls and sales dips

The recession for electronics continued this spring as Best Buy reported same-store sales dropped a little more than 10% from last year.

Total sales for February, March and April of nearly $9.5 billion were lower than the $10.6 billion the Richfield-based company reported the same time last year and came in just a few million shy or mostly in line with what Wall Street expected.

It's a trend that has persisted for Best Buy for the past year and that company leaders think will continue until electronics shoppers need to update the devices they purchased during the pandemic.

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