Best Buy Co. may finally have found a way to defend itself against Amazon.com Inc.’s cutthroat competition—but at a steep cost….. Best Buy, on average, made less profit on its sales than discount retailer 99 Cents Only Stores. Best Buy’s margin on earnings before interest, depreciation and amortization was 6.1% in the latest quarter, compared with the 8.7% that 99 Cents booked in its quarter ended in October.
Best Buy’s Profit Tumbles - WSJ.com
- Ouch, that sucks for BestBuy. Teaches a lesson, don’t mess with Amazon.com!
Source: The Wall Street Journal
