ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued a …
Read More »Best Buy’s heavy spending to fight Amazon comes at a cost to profit
Bloomberg Best Buy Co.’s turnaround journey only gets harder from here. The retailer, which is rolling out new offerings to grab more of its customers’ spending, faces a suite of challenges: tougher year-ago comparisons, the continued encroachment of Amazon.com Inc. and the cost of launching a new tech-support program. The consumer spending boost fuelled by the recent tax cuts in …
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