Shares of Best Buy were falling in Thursday trading after the retailer said sales at U.S. stores open at least a year rose 2.6% during the holiday period but online growth slowed and sales of some items will likely not continue at the same pace. For online, comparable sales rose 13.4% on higher conversion rates and increased traffic, but the growth was slower than the 23.5% increase reported in the year-ago period. Best Buy cited pressure related to last year’s initial roll-out of ship-from-store, an industry-wide drop in tablet sales and the absence of any big product launches. Executive Vice President, Chief Administrative Officer and Chief Financial Officer Sharon McCollam said in a statement that U.S. sales of mobile phones, home theater items and other consumer electronics goods probably won’t continue at holiday levels.
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