Best Buy Co Inc

Best Buy Co Inc will close all its stores in Mexico, the company said on Tuesday, as it anticipates weaker Christmas-season sales amid a spike in COVID-19 cases.

Best Buy Co Inc held back its holiday-quarter view and warned on Tuesday that a boom in work-from-home purchases was likely to lose steam as rising COVID-19 infections in the United States threaten to eat into pre-Christmas consumer confidence.

Best Buy Co Inc beat quarterly comparable sales estimates on Tuesday, boosted by demand for laptops, webcams and other computer accessories as customers settled into work-at-home lifestyles.

Walmart Inc <WMT.N>, Best Buy Co Inc <BBY.N> and hundreds of smaller retailers are bolstering their online gift features, hoping to challenge Amazon.com Inc's <AMZN.O> dominance as a seller of holiday gifts to homebound shoppers.

Eager to capture any holiday-related spending as early as possible this year, Walmart Inc <WMT.N>, ASOS <ASOS.L>, Best Buy <BBY.N> and other major retailers are turning Black Friday into a multi-day promotion.

Consumer electronics retailer Best Buy Co Inc <BBY.N> warned of a slowdown in sales in the third quarter as it faces risks from the coronavirus pandemic including unemployment, lower government stimulus and potential product shortages.

Best Buy Co Inc beat quarterly same-store sales estimates on Tuesday as online demand for computers and other electronic accessories needed to work from home surged for a second straight quarter.

Best Buy Inc <BBY.N> said on Tuesday its quarter-to-date sales rose about 2.5%, driven by a surge in online shopping for electronic devices and appliances, sending its shares up 4% in extended trading.

Best Buy Co Inc <BBY.N> said on Thursday it expects profit margins to be under pressure in the second quarter, as it spends more on expanding delivery services to support a surge in online shopping from people staying at home due to the COVID-19 pandemic.

Best Buy Co Inc reported a 5.3% fall in quarterly same-store sales on Thursday, as the electronics retailer had to close stores due to the COVID-19 pandemic.

Best Buy Co Inc said on Wednesday it would furlough about 51,000 hourly U.S. store employees and that its sales dropped about 5% in the first two months of the current quarter, as the electronics retailer kept its stores shut due to the coronavirus pandemic.

Electronics retailer Best Buy Co Inc said on Wednesday it would furlough about 51,000 hourly U.S. store employees but retain a vast majority of its full-time store and field workers to cater to a surge in demand for work-from-home equipment due to the coronavirus lockdowns.

Best Buy Co Inc <BBY.N> said on Saturday that the company withdrew all financial guidance for fiscal 2021, for both the first quarter and full year, due to increased uncertainty related to the potential impacts of the coronavirus.

* BEST BUY CO INC- DUE TO COVID-19 UNCERTAINITIES, WITHDRAWING ALL FISCAL 2021 FINANCIAL GUIDANCE PREVIOUSLY ISSUED ON FEBRUARY 27, FOR BOTH Q1 AND FY

* SAYS STARTING WEDNESDAY, MARCH 18, STORE HOURS WILL BE REDUCED TO 10 A.M. TO 6 P.M. LOCAL TIME

Retailer Best Buy Co Inc <BBY.N> said on Wednesday Executive Chairman Hubert Joly would step down and will not stand for re-election at the shareholder meeting on June 11.

Retailer Best Buy Co Inc <BBY.N> forecast largely lower-than-expected annual profit and sales on Thursday as electronics makers curb manufacturing due the coronavirus epidemic, sending the shares down 4%.

Best Buy Co Inc beat quarterly same-store sales estimates on Thursday on strong online and app sales, overcoming a largely disappointing holiday season for brick-and-mortar retailers.

Investment platforms must document how they select, monitor and deselect funds from the "Best Buy" lists they market to customers, Britain's markets watchdog said on Thursday.