Best Buy CEO: Company Has Already Passed Through Tariff-Related Price Increases -- WSJ

Dow Jones
05-29

By Sarah Nassauer

At electronics retailer Best Buy, Wednesday's surprise trade court ruling doesn't change much for now, said Chief Executive Corie Barry.

The retailer has already increased prices on some products to offset tariff-related cost increases. Best Buy also has worked to offset the impact by negotiating with its suppliers to reduce costs, adjusting the products it sells and expanding the number of countries from which it imports goods, said Barry.

"I don't think there is anything we would do differently based on the news overnight," she said on a call with reporters Thursday. "What I've really tried to work with the team on is to not actually overreact to any given moment."

In the few weeks since Best Buy's price increases, demand for those items hasn't fallen, she said.

-- Read more on Best Buy's earnings and outlook, which has hit the stock today.

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(END) Dow Jones Newswires

May 29, 2025 11:04 ET (15:04 GMT)

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