However, this Best Buy store down yesterday, at least 14 months and not as bad as the 6 percent decline analysts had lost market share, the previous concerns. Best Buy shares rose 12 cents, three $ 15.37 yesterday.
"I have a database positive on this point," said Fifth Third Asset Management portfolio manager Ted Moore, the company owns.
Consumer electronics retail competitive. Industry sales rose only 1.5 percentage points in December, mainly due to lower prices on TV, according to MasterCard Advisors SpendingPulse.
Best Buy selling U.S. companies fell by 5 percentage points more than the decline in the third quarter by 0.1 percentage points, which are international.
The company accused the entertainment software, part of the low demand for television in the United States and the international decline is primarily due to softness in Canada. In the U.S., consumer software, comparable store sales decreased 15.4 percent from especially for gaming.
Best Buy also cited weaknesses in the music and film. Consumer electronics fell 7.9 percent, including the reduction of television to weak demand in double figures.
In addition, Meta Best Buy is online retailer Amazon.com after rebates and fierce competition from Wal-Mart to buy the best day yesterday also said it still expects that in 2011, 3 , 20-3, U.S. $ 40 Earnings per share.
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