While apparel, department and specialty stores bemoan a 2007 less-than-stellar holiday sales season, consumer electronics retailer Best Buy announced Friday that its total revenue for the fiscal month ending Jan. 5 rose 11 percent to $7.3 billion, meeting the company’s expectations. That increase was due in part to the net addition of 127 new stores during the past 12 months. For the same period ending Dec. 30, 2006, the electronics giant reported total revenue of $6.6 billion.

Related Articles

Report: Cheery Outlook for Holiday E-Shopping Season

E-Tailers Pin High Hopes on Cyber Monday Windfalls

Nintendo Wins - and Loses - Holiday Console Horse Race

Posted: 01|1|70 at 8:00 am. Filed under: eCommerce.