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Best Buy to close nearly 260 stand-alone mobile stores

March 1, 2018

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Best Buy got its merchandise mix right during the holiday quarter, and the iPhone X’s late release, which hurt sales in the third quarter, helped boost them in Q4.

The healthy U.S. housing market and the decline of Sears also helped drive appliance sales, and Sears’ travails will continue to be a benefit in the medium term, according to GlobalData Retail Managing Director Neil Saunders.

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