Best Buy CEO Warns Tariffs Will Likely Drive Up Prices for U.S. Consumers
Best Buy Chief Executive Corie Barry said that prices for U.S. consumers were likely to rise as President Trump’s tariffs on China, Mexico and Canada take effect. “We expect our vendors across our ent
Target, Best Buy Warn US Consumers of Tariff Price Hikes
Target Chief Executive Brian Cornell said its shoppers would likely see price hikes in its stores "over the next couple of days."
Best Buy warns of potential price hikes as fresh US tariffs roll in, shares slump
The 25% tariffs on imports from Mexico and Canada took effect on Tuesday, while duties on Chinese goods were doubled to 20%.
Best Buy CEO: Trump tariffs will lead to price increases later this year
President Trump's tariffs are taking a toll on Best Buy (BBY) just as the company is starting to turn sales around. Best Buy stock plunged 12% on Tuesday as a new round of tariffs was imposed on America's top three trading partners,
Best Buy warns of potential price increases as fresh US tariffs roll in
Best Buy warned of the possibility of higher prices for American shoppers as President Donald Trump's new duties came into force on Tuesday, while the electronics retailer also grapples with subdued spending on non-essentials.
Target, Best Buy warn of price increases amid Trump tariffs. What Tennessee shoppers should know
It won't be long until shoppers in Tennessee feel the economic pinch from the Trump administration's tariffs on Mexico and Canada. Here's what to know.
Target posts solid 4Q results amid tariff threat, consumer hesitancy
Sales and profits slipped for Minneapolis-based Target​ during the crucial holiday quarter as customers held back on spending and the company said there will be "meaningful pressure" on its profits to start the year because of tariffs​ and other costs.
Target warns of higher prices from Trump tariffs
Target's 2024 was gloomy. This year could be worse. Why it matters: The Minneapolis-based retailer warned during its fourth-quarter earnings call that the Trump administration's new tariffs, as well as slipping consumer confidence,
Target warns of price increases as tariffs take hold
Target CEO Brian Cornell also said tariffs on Mexico, Canada and China would put “meaningful pressure” on the company's profits.
Target beats earnings expectations but tariffs bring higher prices
Target reported better-than-expected fourth-quarter earnings on Tuesday, bolstered by strong holiday season spending, but the company noted the implementation of President Donald Trump’s tariffs could result in a “meaningful” dip in its upcoming first-quarter earnings.
Target, Best Buy warn of price hikes due to tariffs, shares fall
On the first day that President Donald Trump's sweeping tariff policies went into effect, U.S. retailers Best Buy and Target warned they'd likely have to hike consumer prices, sending their shares tumbling.
Best Buy boosting online offerings with third-party sellers this summer
The Richfield-based retailer is relaunching its third-party digital marketplace to recreate the success it has seen in Canada ...
Best Buy CEO Corie Barry offers her outlook on Trump’s ‘volatile’ trade war: ‘Tariffs at this level will result in price increases’
Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access ...
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Best Buy is having an epic sale (but only for 48 hours!) — save up to 59% on TVs, headphones & more
Attention! Best Buy Canada is having a massive two-day weekend sale on select tech. You can save up to $700 on TVs, headphones and more — but only until tomorrow, March 2 at 11:59 p.m. PST (2:59 a.m ...
Best Buy expected to report further declines in fourth quarter earnings as the chain braces for tariff impact
As of the third quarter, Best Buy projected 2024 same-store sales to decline 2.5% to 3.5%. That's compared to a previously expected decline of 1.5% to 3%. The Street expects Best Buy to end the year ...
Trump's Tariffs Are Now in Effect. They'll Impact What Businesses Buy — and Sell You — Worldwide
U.S. President Donald Trump’s long-threatened tariffs are here — plunging America into an escalating trade war with China, ...
Trump announces pause on tariffs for some Mexican goods
President Donald Trump on Thursday announced a one-month delay of tariffs on some products from Mexico. The temporary ...