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Best Buy Predicts Dip in Sales Amid ‘Incredibly Fluid’ Tariff Outlook

  • Best Buy predicts a dip in sales this year due to tariffs impacting prices and consumption.
  • Quarterly earnings show Best Buy expects yearly revenue to be lower than previous guidance.
  • The company is adjusting its supply chain to reduce dependency on China and negotiating with vendors on costs to mitigate tariff impacts.
  • Consumer electronics products from various countries are subject to different tariffs, affecting consumer spending decisions.

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