(Richfield, MN) — Best Buy officials say they saw a drop in sales and profits over the holiday season. The Richfield-based retailer announced yesterday that profit fell 28 percent and sales were down three percent during November, December, and January. Executives blame the decrease in sales on product shortages and reduced store hours. But they are optimistic that there will be strong growth by 2024.
Best Buy Faced Challenging Holiday Season As Sales Dipped
By Ashley Hanley|2022-03-04T05:16:37-06:00March 4th, 2022|
About the Author: Ashley Hanley
Ashley (Goettl) Hanley is a North Mankato native and Mankato West graduate who made the switch from TV journalism to radio. After five years at KEYC News 12, Ashley is thrilled to be working for KTOE News. Ashley and her husband John, and son John, enjoy spending time in the community. You can also find Ashley coaching and playing softball and supporting her brother on the MSU football team and her sister with Scarlet athletics. Even though she went to the University of Wisconsin-River Falls, Ashley kept her Minnesota roots and is a big Twins and Vikings fan!