Byline: -- Bloomberg News Service
EDEN PRAIRIE, Minn. -- Shares of Best Buy Co. fell 6.8 percent on concern the largest U.S. consumer-electronics retailer may face increased competition after Home Depot Inc. said it will begin selling large appliances.
Best Buy fell 3 1/4 to 44 3/8 on the New York Stock Exchange in trading of 5.2 million, more than double the three-month daily average. The stock has nearly doubled in the past year.
Home Depot, the largest U.S. retailer of home-improvement supplies, said Wednesday it will start selling large appliances such as refrigerators and dishwashers at most of its U.S. stores next year. …
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