Best Buy Co. reported a decline in its first-quarter income and revenue, and, similar to many other retailers, cut its full-year outlook.
“We are updating our full year guidance to incorporate the impact of tariffs,” Best Buy CFO Matt Bilunas stated in the earnings release.
Best Buy cuts full-year profit and sales guidance amid volatile tariff landscape | Chain Store Age
Related Posts
The Role of Print in Learning and Education goes beyond just providing information—it enhances cognitive retention, balances screen time, and fosters a focused academic environment. Unlike digital devices that contribute to digital exhaustion, print offers a tactile and immersive experience, helping students better process and retain information. By minimizing distractions and providing a well-rounded approach to education, print remains an essential tool for effective learning.
ModusLink Global Solutions™, Inc. and Steel Partners Holdings announced that ModusLink has completed the acquisition of privately-held IWCO Direct, a leading provider of data-driven direct marketing solutions, for $476 million in cash. Warren Lichtenstein, Executive Chairman of ModusLink, said, “We have been looking to acquire a profitable business with attractive operations and financials, and with a strong management team in order to leverage our approximately $2.1 billion in net operating loss carryforwards (NOLs) and cash. We found a great fit in IWCO Direct. We essentially double the size of our Company and add significant earnings and free cash flow. We add a market leader with industry-leading solutions, a client base consisting of Fortune 500 companies, and significant opportunities to drive both top- and bottom-line results. We intend to aggressively grow IWCO Direct, organically and through acquisitions, and will look to leverage Steel Partners’ vast relationships and resources to drive operational excellence and enhance stakeholder value.” Click Read More below for additional information.
John Wiley and Sons Inc. is delighted to announce its selection by the American Fisheries Society (AFS) as publishing partner for its prestigious journals and magazine devoted to the research of aquatic sciences and fisheries resources. With more than 7,500 members globally, AFS is the world’s oldest and largest organization dedicated to strengthening the fisheries profession, advancing fisheries science, and conserving fisheries resources. Beginning in January 2018, Wiley will assume publishing responsibility for AFS’s highly esteemed journals, including its flagship title Transactions of the American Fisheries Society, the leading journals North American Journal of Fisheries Management, North American Journal of Aquaculture, Journal of Aquatic Animal Health, and its premier Open Access publication, Marine and Coastal Fisheries. Wiley will also publish the Society’s renowned magazine, Fisheries. Click Read More below for additional detail.