Retailers Have No Idea What Will Happen This Holiday Season

Timothy Green, The Motley Fool
·4 min read
Retailers Have No Idea What Will Happen This Holiday Season

On Tuesday, consumer electronics retailer Best Buy (NYSE: BBY) reported its third-quarter results, and joined the list of big-box chains declining to provide any financial guidance for the holiday quarter. Target (NYSE: TGT) and Walmart (NYSE: WMT) had already done the same, citing unprecedented uncertainty. Best Buy reported a whopping 174% rise in U.S. online sales in the third quarter; Target and Walmart posted 155% and 79% online growth, respectively.