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Best Buy Forecasts Better-Than-Expected Sales Ahead of Holiday Season

U.S. retail giant Best Buy announced on Tuesday that it has forecasted a smaller-than-expected drop in sales ahead of the busy holiday season. While the big box store previously forecasted an 11% drop in full-year comparable sales, it now estimates a 10% sales decline. The...

Ex-CEO of Sears Canada Predicts a “Flurry of Bankruptcies” in Retail

After recovering early in 2022, the retail sector is again on the ropes. And according to Mark Cohen, former CEO of Sear Canada, the worse is yet to come. Speaking with Yahoo Finance, Cohen, who currently works as a professor of retail studies at Columbia...