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Best Buy Sees Strong Appliance Sales Growth

Posted on September 29, 2013 at 9:20 AM

Appliances and electronics retailer Best Buy reported second quarter revenue of $9,300 million, compared to $9,339 in the second quarter of the previous fiscal year.


The second quarter of Best Buy's 2014 fiscal year ended on Aug. 4, 2013.


Best Buy said strong growth appliances, as well as in mobile phones, was partially offset by declines gaming, digital imaging, and other categories.


Comparable store sales were down 0.6% in 2Q of fiscal year 2014. In the domestic United States, Best Buy brick-and-mortar store sales were down 0.4% in the quarter, while online store sales were up 10.5%. Internationally, comparable store sales were down 1.8%.

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