Best Buy jumps 10% as cost-cutting preserves profits despite sluggish sales

Best Buy has noticed a pullback in purchases of discretionary items as consumers manage higher costs because of inflation.

May 31, 2024 - 00:00
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Best Buy jumps 10% as cost-cutting preserves profits despite sluggish sales
Best Buy has noticed a pullback in purchases of discretionary items as consumers manage higher costs because of inflation.