Can the electronic retail stores survive?

In this installment of Investor Beat: Best Buy and HHGregg fight to stay alive. And shares of Dow component Home Depot hit an all-time high.

By Motley Fool Investor Beat May 21, 2013 4:35PM
Best Buy (BBY) and HHGregg (HGG) are bricks-and-mortar electronics retailers that are struggling for survival.  Both reported earnings with very different results.  Best Buy showed encouraging signs of growth in online sales while reducing costs.

Meanwhile, HHGregg's 4th-quarter profits fell 82%. In our lead story, Motley Fool analysts Jason Moser and Jeff Fischer discuss the electronics retail industry and why investors should steer clear of both stocks.
Image: Damaged cell phone (© Nick Koudis/Getty Images)Also making news during Monday’s market action, and covered in Investor Beat:
  • Home Depot (HD) hits a new all-time high.
  • After rising 300% in six months SolarCity (SCTY) suffers a big fall.
  • Medtronic (MDT) moves higher after strong 4th-quarter earnings.
  • Carnival Cruise Lines (CCL) falls after lowering guidance for the rest of 2013.
And we close Tuesday’s episode with two stocks to watch.  Jeff’s got Hewlett-Packard (HPQ) on his radar.  Jason, meanwhile, is watching PetSmart (PETM).

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3Comments
May 21, 2013 6:22PM
avatar
Best Buy is a very good store to shop and buy at; a welcome environment that makes makes one feel like valued customer rather than a wallet waiting to be emptied. Never regretted walking through the door, or leaving with a purchase =) 
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