Best Buy (BBY) announced that profit fell to $158 million, or 46 cents per share, versus $212 million, or 53 cents per share, in the same period last year.
Television makers Sony and Samsung are trying to put the brakes on ever-sliding prices for TVs, a move that could help retailers make more of a profit.
May 23 (Reuters) - American Eagle Outfitters Inc's tepid profit forecast for the year overshadowed a bigger quarterly profit that came on higher sales from a new line of clothes.
From Wednesday, May 23, 2012 - 8:53am ET | Fox Business - Industries | Tags: macy's, retailer
Macy's Inc said on Wednesday it will start selling some items in its private brand assortment directly to shoppers in China through a deal with a new online retailer there.