Skip to Content

Best Buy reports Q4 sales miss hurt by supply chain clogs

KIFI

By ANNE D’INNOCENZIO
The Associated Press

NEW YORK (AP) — Best Buy reported a shortfall in sales for the holiday quarter as the nation’s largest electronics chain struggled with limited supplies of holiday products and was forced to reduce store hours because of a shortage of workers due to omicron. The chain reported profits in line with Wall Street expectations. Like many retailers, Best Buy struggled with rising costs for everything from labor to shipping as supply chain backups hit companies worldwide during the holidays. This past holiday quarter also offered an extra challenge: a contagious new variant, omicron, that forced many workers to take sick leave and pushed some companies to cut hours. Still, Best Buy CEO Corie Barry said that the company reached its fastest holiday delivery times ever. 

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content