Remember earlier this week, when we mentioned that Banana Republic has been going crazy with deals this month? Well, the madness continues this weekend, and it's not the only retailer with hot deals for a cold month.
Stocks edged lower on Wall Street Friday, pulling the Standard & Poor's 500 index below a five-year high reached the day before. The S&P 500 fell two points to 1,470 as of noon Eastern. It closed at 1,472 Thursday, its highest level since December 2007. The Dow Jones industrial average fell a point to 13,469. The Nasdaq composite index dropped three points to 3,119.
Best Buy is suffering from falling sales, and it needs a new CEO, but it's not dead yet. Thinking outside the big box, there are ways to get the consumer electronics retailer back on track.
The retailer's latest quarter was another disaster. Revenue rose by less than 2% to $12.1 billion. Earnings, adjusted for a one-time restructuring charge, fell to $0.47 a share, well below both last year's figure and analysts' target. Here's why Best Buy's future isn't going to be any easier than its recent past.