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Best Buy Stock Edges Higher After Smaller-Than-Expected Sales Drop

Shares in U.S. electronics store giant Best Buy rose by 1% during premarket trading on Tuesday. This comes after the company reported a smaller-than-expected decline in quarterly comparable sales. Best Buy's comparable sales declined by 6.2% over the course of the second quarter, narrowly...

Best Buy Lays Off Hundreds of Employees As Part of E-Commerce Shift

Electronics retailer Best Buy made a decision to lay off hundreds of employees across the U.S., with the cuts mostly affecting store jobs. The news was first reported by the Wall Street Journal and later confirmed by the company. According to WSJ’s report, Best Buy...