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Best Buy sales fall 3.6 percent in holiday shopping season

(Reuters) – Best Buy Co Inc, the largest U.S. consumer electronics retailer, reported a 3.6 percent fall in sales during the holiday shopping season, mainly due to lower demand for mobile phones.

The company said on Thursday that comparable sales, excluding the impact of installment billing plans, fell 1.4 percent in the nine weeks ended Jan. 2.

Comparable sales had risen 1.8 percent in the corresponding period last year.

Revenue fell to $10.96 billion from $11.37 billion.


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