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ID: 31705
Title: Best Buy 4Q profit up, Circuit City loss (AP)
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A Circuit City customer leaves the Emeryville, Calif., store Wednesday, April 4, 2007. Electronics retailer Circuit City Stores Inc. said Wednesday it lost $12.2 million in the fourth quarter, hurt by charges related to store closings and slower sales growth related to falling flat-panel television prices and uneven demand for computer hardware. (AP Photo/Ben Margot)AP - Everyone knew Circuit City was having a bad fourth quarter. Which made Best Buy's good one a little bit of a surprise. The results reported by the nation's two largest electronics chains on Wednesday showed Best Buy increasing its lead over its smaller rival, with profit up 18 percent, while Circuit City lost money.


Category: Business/
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Date Added: April 04, 2007 11:49:21 PM
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