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Best Buy Earnings Rise

The stories I compare are from the Star Tribune and the Associated Press. The Strib begins right off by showing how Best Buy increased their profits, through "aggressive price cutting." This is a bit obscured in the AP article, where the reporter describes the strategy in the 14th paragrah:

Best Buy's revenue grew faster than its profit -- meaning Best Buy profited slightly less from each dollar in sales than it did last year. The company said that was because of growth in areas that carry lower profit margins, such as video game consoles, online sales, and its Five Star electronics retail stores in China. Best Buy also said margins were pressured by tough price competition in home theater, music and movies.

I think that appears so far into the AP article because the responsibility of the AP reporter is to a national audience, while the Strib reporter's readers might be particularly interested in Best Buy as a Minnesota company.

For the rest of the articles, my eyes pretty much glazed over.



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