NEW YORK—Best Buy posted strong sales of mobile phones, appliances and smart computing products as it showed in its financial results that store chains can still thrive as shoppers buy more online. Best Buy has managed to post strong sales, despite being a retail chain amid popular shifts to online shopping. ( David Joles / TNS )Still, Best Buy shares fell nearly 7 per cent Thursday as investors were disappointed that the company didn’t raise its full-year financial outlook. Best Buy has improved the store experience, allowing shoppers to test new technology. CEO Hubert Joly said Best Buy is also benefiting from the woes of retailers like Sears Holdings Corp., particularly when it comes to major appliances.

Source: thestar May 24, 2018 18:00 UTC