Best Buy (BBY) Q2-09 August 2008 Notes
September 16, 2008 10AM EST
-Employee retention is all-time high as turnover is 49% last 12 months. Never been below 50% before
-4.2% same-store, 5.3% U.S.
-Strength in notebooks, gaming, TVs, and acceleration in Best Buy Mobile
-International weaker than expected. Canada 1% and China 7%
-Expect 2H of FY to have 1-2% comp store sales
-Flat panel TV price declines were 13% and 14% in first two quarters
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