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Technology New business South Africa

Brisk Feb sales take Best Buy by surprise

USA: Consumers snapped up surprising numbers of flat-screen televisions, laptops, digital cameras and cellphones during the fourth quarter, helping Best Buy boost sales by 10%, the company reported Thursday, 26 March 2009.

The quarter's sales were strongest in February, and the world's largest consumer electronics retailer said same-store sales might have been even better if a plan to scale back inventory hadn't left some stores short of TVs and digital cameras shoppers were seeking.

"We were surprised with demand," chief operating officer Brian Dunn, who is set to become chief executive this summer, said in an interview Thursday with The Associated Press. "We know we left some sales on the table in January and February."

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