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Best Buy beaten
back by Amazon
Deluded over market share gain.
Renew Blue cost cuts drive profits
Blamed brands "lack innovation"
22 May’14 (11:00ET Complete)
Best Buy, the US #1 consumer electronics retailer, reported disappointing financial results for Q1’15 ended 4 May’14. In spite of analysts brouhaha it’s well behind in online growth rates, defensively boasting market share 'gains' and only marginally profitable thru' cost reductions...