January 9, 2003

Best Buy beats expectations; Target does not, but stock is up

Bill Catlin - Reporter

LISTEN:Best Buy beats expectations; Target does not, but stock is up
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Some mixed results today from Minnesota's retail giants. Minneapolis based Target reported sales in the important month of December fell short of expectations. Eden Prairie based Best Buy said the month's sales were modestly better than expected. But the company is closing about 110 Musicland stores, including 7 in Minnesota. The results come amid a disappointing holiday season for retailers overall. Minnesota Public Radio's Bill Catlin reports.

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Best Buy beats expectations; Target does not, but stock is up