Tuesday, September 15, 2009

Best Buy Needs Better Segment Reports

Best Buy (BBY) posted decent Q2 results. The stock sold off as did most of its comparables. Best Buy is reporting by region and product category. Given that Best Buy is such a global giant and retail spending is driven by many local issues such as employment and payroll we could use some more segmented reporting. Macro statements such as Europe is up or down do not really provide sufficient insight into a sophisticated operation such as Best Buy.