Fukuoka City-based consumer electronics mass merchandiser Best Denki reported that in the first quarter of the current fiscal year (March to May) it had recorded both a current profit and a net profit for the first time in five years. The company also boosted sales for the first time in two years. Same-store sales were particularly good, with double-digit increases. Cited as reasons for the turnaround were the success of discount sales at large remodeled outlets, the government’s eco-point program, and demand for televisions with the capability to view terrestrial digital broadcasts.
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- Best Denki Back in the Black