best buy co. inc.
Feb 22, 2024, 3:59 PM EDT
Retailers like Amazon, Walmart and Target are offering steep discounts in Presidents Day sales on everything from appliances to mattresses, clothing household items and more.
Best Buy CEO Corrie Barry says the company has largely been able to stave off the surge in shoplifting other retailers have seen, thanks in large part to having more manpower in stores.
Elevated interest rates, a shift to spending on services from goods and a resumption in student loan repayments have further strained appetite for electronics and home-office products.
Consumers are expected to spend a bit more over Thanksgiving weekend this year compared to last during the unofficial holiday shopping kickoff of Black Friday and Cyber Monday.
A massive amount of pressure cookers have been put under recall, with seller Best Buy being prompted to do so Thursday due to an issue that could lead to consumers suffering burns.
Best Buy customers apparently will soon no longer have the ability to purchase DVDs or Blu-ray discs from the retailer. That's happening in 2024, according to reports.
One hundred days remain until Christmas Day, and retailers are cautious while consumers are looking for the best deals. Experts expect store shelves to be well stocked.
Best Buy has received 68 reports from U.S. consumers and 36 reports from Canadian consumers of the air fryer or air fryer ovens catching fire, burning or melting. These include seven reports of minor property damage and two reports of injuries, including an injury to a child’s leg.
Retailers across the country are closing Sunday, April 17 to observe the Easter holiday, including Best Buy, Costco, and Target.
Stores like Walmart, Best Buy and Amazon are offering discounts on TVs and speakers ahead of the Super Bowl.