Weak Electronics Sales Pressure Best Buy, Sears

By Epoch Video
Epoch Video
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May 23, 2014 Updated: May 23, 2014

Is America’s love affair with gadgets fading? Best Buy and Sears on Thursday both blamed their weak quarterly results on the fact that shoppers aren’t shelling out for consumer electronics. Already squeezed by tough competition from online retailers like Amazon.com and discount stores like Wal-Mart and Target, retailers like Best Buy and Sears have been cutting costs and revamping merchandise and store formats to attract customers. But consumer electronics remain stagnant.

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