Best Buy shareholders woke up to some sobering news on Thursday.
The retailer on Thursday announced its holiday sales for the nine-week period ended January 4, and the results weren't necessarily heartwarming. Best Buy generated $11.5 billion in revenue during the period, down from the $11.8 billion it generated during the same period last year. The company's comparable store sales were down 0.8 percent worldwide year over year; its US-based comparable store sales declined by 0.9 percent.
In the US, Best Buy mustered $9.8 billion in sales compared with the $9.9 billion … Read more