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Will Best Buy Follow Kohl’s or Macy’s?

Thanks to an earnings beat by Kohl’s Corp. (NYSE: KSS), we no longer have to be in a full-blown panic over the future of retail department stores. Macy’s Inc. (NYSE: M) disappointing earnings gave investors a real scare for a second, but not all is lost for the sector it seems. The big question now is whether Best Buy Co. Inc. (NYSE: BBY) will be another Kohl’s or another Macy’s.

Without a crystal ball nobody knows for sure, but here are the factors to weigh. First, competitors like Costco Wholesale Corp. (NASDAQ: COST) experienced a slowdown in consumer electronics in October. This could point to a magnified effect on Best Buy revenues come earnings next week. Weak September/October sales should not be surprising, given the concurrent stock market collapse at...


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