Despite double-digit gains in flat-screen TVs and triple-digit gains in mobile navigation devices, sales of its consumer electronics category, which accounts for 38% of second-quarter revenue, fell 1.6% due to declines in the sales of regular TVs, as well as DVD and MP3 players.
Sales in its home office category, which account for 31% of revenue, gained 9.8%, with notebook computers showing double-digit growth. Home appliance sales, which account for 8% of revenue, fell 7.1%.
Best Buy's Web site also continues to do well, with second-quarter online revenue up more than 20% from the same period a year ago.
--Sarah Mahoney
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