Best Buy's holiday sales disappoint, but retailer shows progress in growing profits

Sign at the main entrance to a Best Buy store in Venice, Florida. For about four years, Best Buy has pinned its slower sales on more price-sensitive U.S. consumers, a slower housing market and less tech innovation. All of those factors have caused some shoppers to delay tech purchases, particularly big-ticket items like new refrigerators. Higher tariffs have also added costs for Best Buy, since many consumer electronics are imported. Comparable sales dropped 0.8% in the fourth quarter as the company saw sof ...