A weaker-than-expected quarterly profit from electronics bellwether Best Buy Co Inc
Smaller rival HHGregg Inc
The retailer attributed tepid demand for televisions and entertainment hardware and software to its weakness in the domestic segment.
It's tapping the demand curve, said Cliff Draughn, President & Chief Investment Officer at Excelsia Investment Advisors in Savannah, Georgia.
The television that sold for $5,000 three years ago sells for $1,500 today -- how many people need four flat-screen televisions in their apartment?
U.S.-listed shares of flat-screen maker LG Display Co Ltd
(Reporting by Chuck Mikolajczak; Editing by James Dalgleish)