{"id":26461,"date":"2012-01-09T13:15:12","date_gmt":"2012-01-09T18:15:12","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2012\/01\/09\/best-buy-sales-drop-in-december\/"},"modified":"2012-01-09T13:15:12","modified_gmt":"2012-01-09T18:15:12","slug":"best-buy-sales-drop-in-december","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/01\/09\/best-buy-sales-drop-in-december\/","title":{"rendered":"Best Buy Sales Drop in December"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"540\" height=\"300\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v0e9ad73b8c1d7d715381d11901a4e7ab05795488&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v0e9ad73b8c1d7d715381d11901a4e7ab05795488&#038;tgt=grabnetworks\"\/><\/object><\/div>\n<\/p>\n<p>Best Buy posted a same-store sales drop in December that was in line with analysts&#8217; estimates. Sales at stores open at least 14 months fell 1.2 percent in December, company officials said today in a statement. Total revenue in the month was $8.4 billion, about the same as last year. Chief Executive Officer Brian Dunn stepped up holiday discounts to keep customers from going to its main competitors: Amazon and Wal-Mart. However, Web sales gained 26 percent. Best Buy (NYSE:BBY) has potential upside of 27% based on a current price of $24.41 and an average consensus analyst price target of $31.<\/p>\n<p><img src='http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/01\/07\/0_x7jgpjtj_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/01\/07\/0_x7jgpjtj_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Best Buy posted a same-store sales drop in December that was in line with analysts&#8217; estimates. Sales at stores open at least 14 months fell 1.2 percent in December, company officials said today in a statement. Total revenue in the month was $8.4 billion, about the same as last year. Chief Executive Officer Brian Dunn &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/01\/09\/best-buy-sales-drop-in-december\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Best Buy Sales Drop in December&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-26461","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=26461"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26461\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=26461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=26461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=26461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}