Best Buy December revenue falls
Best Buy (NYSE: BBY), which now carries fitness equipment in 600 stores, said revenue in stores open at least two years fell 4 percent in December, hurt by weak sales of televisions.
Revenue in stores open at least two years fell 5 percent domestically and edged down 0.1 percent internationally.
For the five weeks ended Jan. 1, total revenue was down nearly 2 percent to $8.4 billion from a year earlier.
Costco’s same-store sales rise in Dec.
Costco (Nasdaq: COST) said same-store sales climbed 6 percent in December.
Sales at U.S. warehouse clubs open at least a year increased 4 percent for the five weeks ended Jan. 2. Internationally the figure climbed 12 percent.
Taking out higher gasoline prices and stronger foreign currencies, sales at warehouse clubs open at least a year rose 4 percent, with U.S. results up 3 percent and international results up 8 percent.
Costco said its total sales increased 11 percent to $9.19 billion in December, helped by sales from its Mexico joint venture.
--Compiled by Wendy Geister
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