How Best Buy Dodged the Retail Bullet
Growing inventories, continued inflation, the rising costs of transportation, delivery, and keeping store shelves fully stocked -- these have been the main stories for retail stocks thus far in the earnings season. A combination of these factors contributed to the shrinking profit margins and massive earnings misses for Target (NYSE: TGT), Walmart (NYSE: WMT), and Abercrombie & Fitch (NYSE: ANF) these past two weeks.
Yet some way, somehow, Best Buy (NYSE: BBY) seems to have largely dodged these bullets. Let's take a closer look to find out how.
Image source: Best Buy.
Source Fool.com
