Best Buy cut its annual outlook for profits and sales after reported a profit decline and stagnating sales for its fiscal first quarter as the nation’s largest consumer electronics retailer wrestles with shoppers’ worries about the economy and tariffs.

U.S. preorders for the Nintendo Switch 2 kicked off shortly after the clock struck midnight Thursday.

Sony says it will raise prices starting Monday for some PlayStation 5 video game consoles in Europe, Australia and New Zealand, citing global economic turmoil.

Best Buy, the nation’s largest consumer electronics chain, reported another quarterly drop in sales as Americans continued to tighten their purse strings on appliances and gadgets to focus on essentials.

For some television viewers, size apparently does matter.

Amazon is challenging the structure of the National Labor Relations Board in a lawsuit that also accuses the agency of improperly influencing the outcome of a union election at a company warehouse more than two years ago.

Best Buy, the nation’s largest consumer electronics chain, reported another quarterly drop in sales due to Americans pulling back on purchases of appliances and consumer-electronics gadgets to focus on essentials.

Fourth of July is here! If there are a few things you need from the store, many of them are open today.

Asian shares are higher as investors shrug off yet another decline on Wall Street.

The earnings results from Best Buy and Kohl’s, announced Thursday, offer the latest evidence of consumers’ cautious spending amid a challenging economic environment.

Best Buy’s shares rose on Thursday as the nation’s largest consumer electronics chain posted a smaller-than-expected sales decline for the fiscal fourth quarter, signaling that the bottom of spending for gadgets may be in sight.

The search continues for the person or persons who opened fire outside a Plantation Best Buy over the weekend, striking four people.

Police in Broward County are investigating a shooting outside a Best Buy store that sent four people to the hospital over the weekend, one of whom has since died.

The New Year is almost upon us.

American consumers are feeling slightly more confident this month as the all-important holiday shopping season kicks into high gear.

Retailers are kicking off the unofficial start of the holiday shopping season on Friday with a bevy of discounts and other enticements.

Shares are mostly lower in Asia after Wall Street’s rally ran out of momentum.

Best Buy is recalling nearly 1 million pressure cookers and separate inner pots due to a defect that can cause hot foods to spew out, posing burn hazards.

Best Buy is saying goodbye to movie-watching with physical discs.

As inflation on necessities like groceries remains stubbornly high, the well-heeled consumer appears to still be spending, while the lower-income shopper continues to cut back their purchases, according to the latest batch of earnings reports.

The latest earnings reports from Macy’s and Best Buy show that consumers are still cutting back their spending on clothing and gadgets as inflationary pressures on everything from food to gas are straining household budgets.

An appliance delivery man from Hialeah was convicted Wednesday of beating a 75-year-old woman to death and setting her on fire at her Florida home.

A measure of inflation closely watched by the Federal Reserve slowed last month, another sign that a long surge in consumer prices seems to be easing.

The pace of sales at U.S. retailers was unchanged in September from August as rising prices for rent and food chipped away at money available for other things.

Best Buy posted declines in fiscal second-quarter profits and sales as the nation’s largest consumer electronics chain struggled with weakening consumer demand for gadgets and high costs that rippled through its supply chain.

Best Buy, the nation’s largest consumer electronics chain, is trimming jobs in an effort to adjust to new changes in consumer behavior as the virus wanes.

Best Buy has cut its annual sales and profit forecast, citing surging inflation that has dampened consumer spending on gadgets.

U.S. consumer confidence bounced back in March and remains high, though consumers’ short-term outlook is not quite as rosy.

Best Buy reported a shortfall in sales for the holiday quarter as the nation’s largest electronics chain struggled with limited supplies of holiday products and was forced to reduce store hours because of a shortage of workers due to omicron.

U.S. consumer prices rose 5.7% over the past year, the fastest pace in 39 years as a surge in inflation battered Americans as the holiday shopping season was getting under way.

We somehow made it to August, which means it’s back-to-school time for students and teachers everywhere.

Retail sales fell in May, dragged down by a decline in auto sales and a shift by Americans to spend more on vacations and other services instead of goods.

PEMBROKE PINES, Fla. – A pandemic didn’t seem to affect the procrastinators waiting in a long line to get into Best Buy in Pembroke Pines. Around 11 a.m. Thursday, the line was moving, but it was wrapped around the building. Miguel Figueroa picked up some last minute Christmas gifts at Target in Pembroke Pines Thursday. One last minute shopper told us that everything is practically sold out on line, so she was ready to get in line at Best Buy. Many of the stores were trying to limit how many people were indoors at one time, so shoppers were finding long lines outside of stores waiting to get in.

(AP Photo/Craig Ruttle)NEW YORK – The pandemic is turning this into a holiday shopping season like no other. And with more people shopping online, stores are doing double duty as shipping centers to try to get gifts to doorsteps as fast as possible. Meanwhile, Best Buy says that 340 of its stores are being specially designated to handle a higher volume of online orders, though all its stores ship e-commerce packages. Its goal: to have the 340 stores ship more than 70% of its ship-from-store units during the holiday quarter. Typically, 25% of holiday shopping is based on impulse, according to Marshal Cohen, chief industry advisor at NPD Group, a market research firm.

NEW YORK – Retail sales in the U.S. grew a sluggish 0.3% in October, even as retailers offered early holiday discounts online and in stores. Economists had expected sales to rise 0.5%, already a significant tail off from September's gain of 1.6%. Sales rose at home and garden stores, electronics and appliance stores, and online retailers. Nationwide, spending fell to 7.4% below a year ago, JPMorgan said, a drop of about 2.5 percentage points from two weeks earlier. Yet at clothing stores and sporting good shops, sales fell more than 4%.

(AP Photo/David Zalubowski)NEW YORK – Add last-minute holiday shopping to the list of time-honored traditions being upended by the coronavirus pandemic. Black Friday has long been the unofficial start to the U.S. holiday season, though retailers have been pushing holiday shopping earlier for the last decade or so. The first big holiday push will come from Amazon, which is positioning its mid-October Prime Day as a kickoff to the holiday shopping season. Even with the early start to the season, holiday sales are expected to deliver smaller gains than in recent years. Joel Bines, who runs the retail practice at AlixPartners, thinks the earlier shopping will stick even when the pandemic is over.

Businesses reopening across states after months of shutdown have been met with fanfare. Its not the reopening businesses were hoping for. Apple, which started reopening its stores May 11, has closed at least 32 stores in hot spots like Florida and Texas. Some businesses have been requiring customers and employees to sign a waiver saying they wont sue if they get sick. Adam Orman, who runs LOca dOro Italian restaurant in Austin, Texas, may delay a planned July 30 reopening for outdoor seating.

(AP Photo/Jim Mone)WASHINGTON American consumers increased their spending by a sharp 8.2% in May, partly erasing record plunges the previous two months, against the backdrop of an economy thats likely shrinking by its steepest pace on record this quarter. In May, those stimulus checks were no longer counted as income for most people. Besides whatever unemployment aid states are providing to the 30 million jobless Americans, the federal government is providing $600 a week in additional benefits. Without the stimulus checks or an extension of unemployment aid, it's unclear whether consumers will keep spending freely. It shows that consumers have gradually but consistently increased their spending since the government distributed the stimulus checks in mid-April.

NEW YORK Late last year, Best Buy began testing curbside pickup at select stores as a way to respond to customer needs. Macys sales were down 45% and the company says it could have a loss of at least $1 billion in the quarter. Still, it shows how the pandemic is deepening the divide between big box stores and mall-based clothing chains. Target's CEO Brian Cornell said its stores were directly involved in supplying goods for 80% of online sales. It expects another 80 Macys stores to open for Memorial Day weekend and most of its stores, including its flagship stores in Manhattan, to open in mid-June.

Getty Images via CNN(CNN) - Walmart, Target and Best Buy this week rolled out plans to woo shoppers during the holidays, focusing on early deals, speedier deliveries and beefed-up service in stores. "This year is a bit unique for our customers," Steve Bratspies, Walmart chief merchandising officer, said on a call with reporters. Walmart has started to offer free next-day delivery on orders over $35 for more than 200,000 items. Best Buy said Tuesday that it would offer next-day delivery on thousands of smaller items such as tablets and headphones. The National Retail Federation estimates retail sales in November and December will grow between 3.8% and 4.2% compared with a year ago.

WEST PALM BEACH, Fla. - The family of a 75-year-old woman who was fatally beaten and burned by a Hialeah man who delivered a washer and dryer to her Boca Raton home is suing Best Buy. Evelyn Smith Udell, 75, was fatally beaten and burned by a man who was hired to deliver and install a washer and dryer she bought from Best Buy. According to the lawsuit, Best Buy retained third-party companies J.B. Hunt and XM Delivery to deliver and install the appliances. Instead, the lawsuit claims, the retail giant accepted the employees of J.B. Hunt and XM Delivery "as employees of Best Buy." "If you're going to use the word 'best' before Best Buy, they should have the best background and daily monitoring in the industry," Morgan & Morgan attorney Nick Panagakis said.

A lawsuit has been filed against Best Buy after a Boca Raton woman was savagely beaten and burned by a man who went to her home to install a washer and dryer. Copyright 2019 by WPLG Local10.com - All rights reserved.

PEMBROKE PINES, Fla. - Pembroke Pines police are searching for a man they said stole two stereo headphones from a Best Buy store earlier this month. The incident was captured on surveillance video around 7:30 p.m. Sept. 8 at the Best Buy at 11450 Pines Blvd. According to authorities, the man took the headphones, valued at $259, off a shelf and concealed them in one of his pants pockets. He then left the store without paying for the merchandise, police said. Anyone with information about the man's identity is asked to call Detective Aju Thomas at 954-431-2225.