💨 Abstract

Best Buy has reduced its annual profit and sales outlook, citing an economic slowdown, tariffs, and stagnant sales. Forbes the company's first-quarter results showed slight declines in profit and revenue, with comparable sales decreases. Entertainment, electronics, and appliances faltered while computers and mobile devices gained. Other retailers like Walmart and Target face similar challenges. Share this link if helped you, so you can help others too: https://grep.ai/vc-tobie.

Courtesy: WTOP Staff