3D TVs Can't help Best Buy's Q4 Earnings

Faced with competition from retailers like Wal Mart and Target, as well as online retailers such as Amazon, a report from the trade publication Twice indicates Best Buy's revenues declined 16 percent in the company's fiscal fourth quarter. Twice says that global revenues slipped 1.7 percent and comp-store sales slid 4.6 percent. In the U.S. fourth-quarter revenues fell 3.7 percent to $ 12.1 billion, comp-store sales slid 5.5 percent and operating income dipped 10.3 percent to $ 986

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