The nation's largest electronics chain by revenue blamed slow consumer adoption of pricier new technologies like 3D and Internet-enabled TVs for a 5% drop in U.S. sales over a year ago. It saw
sharp declines in sales of TVs, less of a demand for notebooks and slower videogame sales.
Meanwhile, in what Connecticut Atty. Gen. Richard Blumenthal calls "a tale of two
websites," the Minnesota-based company is being forced to repay customers for bait-and-switch advertising, according to The Day of New London, Conn.
One website was to lure customers in to Best Buy, according to a lawsuit filed by the state. The other, a secret intranet site, which looked almost
identical to the main website, carried higher prices for customers who showed up to inquire about products, the suit said. Best Buy is prohibited from displaying higher prices for products on their
in-store website than for the same items at BestBuy.com.
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Read the whole story at Wall Street Journal, The [New London, Conn.] Day »