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Consumers are obviously spending heavily on techie toys, even more so than last year, even in a downward spiraling economy. So, if you thought that you weren't going to get the flat-screen tv that is on your Christmas list, think again. Best Buy's previous quarter sales are at 9.9 billion pushing their earnings up 34.2% to 228 million from last year. And price per share has increased from last year's $.31/share to $.53/share. (Do not buy-now, LOL) So, I guess the Ipod is the hottest new, fashion accessory, replacing the Chanel bag, Ohh (gasp), only in America. Read the entire article on
DNR.com.
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With the year that Best Buy is having their shoppers definitely said technology over purseology.
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