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Best Buy's earnings fall in first quarter, after initial sales surge during pandemic

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The retailer had a surge of sales during the early weeks of the pandemic, but later furloughed about 51,000 employees and took other cost-cutting measures.

Best Buy had a wave of sales early in the coronavirus pandemic, as customers bought kitchen appliances, computer monitors and other items to help them set up home offices and settle in for long stays at home.In May, the company began reopening some of its stores to customers -- but only by appointment.

The company's revenue fell to $8.56 billion, from $9.14 billion a year earlier, beating analysts' estimate of $8.16 billion.The retailer had

 

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Should see a stimulus checks big tv bounce here soon.

Yeah I wonder why!? 🤔 You can’t even shop in a store..... BestBuy MakeAnAppointment Stupid OpenAmericaNOW

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