Best
Buy Co Inc warned of an increasingly promotional
environment heading into the holidays and promised to be competitive
on price in the biggest selling season of the year, raising concerns
about margins in the fourth quarter.
Earlier
on Tuesday, discounter Wal-Mart Stores Inc announced it will match
select Black Friday offers on toys and electronic items from rivals
Target Corp, Toys R Us Inc and Best Buy starting as early as a week
before the big shopping day.
Source:
theglobalandmail
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