Best Buy is one of the strongest retailers in the U.S. today. It is dominating in its core big-box consumer electronics format and has three-to-four more years of continued store expansion, which will add over 2 billion to revenues annually.
More Quotes from Colin McGranahan:
Bad weather and the war did affect Lowe's sales in the quarter. That's the logical assumption. But whether that was 100 percent of the reasons for disappointing sales remains to be seen. If Home Depot reports better earnings and the comparable sales gap between Home Depot and Lowe's narrows, that will raise questions,Colin McGranahan
January and February is actually a pretty important time of the year for the TV cycle.
Colin McGranahan
We hope they don't spend a lot of shareholders' money building a fancy building.
Colin McGranahan
It was clearly a TV- and MP3-centric Christmas, and this was a category that really did perform well. And the promotional environment was not too bad.
Colin McGranahan
He's clearly having real discussions with Pier 1's management and its board to buy a part of the business. Is this part of a courting strategy on his part that will be the start of something bigger That remains to be seen, but I doubt this is all he wanted. It doesn't make sense to invest 100 million in a stake to buy a 15 million business.
Colin McGranahan
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Based on Keywords: big-box, three-to-fourHope is a waking dream.
Aristotle
I'm just a bleeping maniac in straight clothing. There's no reason to dress my monster up.
Glenn Frey
He who closes his eyes sees nothing, even in the full light of day.
Leopold Trepper