Shares of Best Buy Co. Inc. BBY, -0.87% dropped 2.8% in premarket trading Wednesday, after the consumer electronics retailer appeared to suffer from the fallout of Target Corp.'s TGT, +1.12% disappointing holiday-period sales performance. Target said earlier same-store sales during the November/December period rose 1.4%, "below our expectations," given softer-than-expected performance in electronics, toys and portion of home assortment. Also suffering collateral damage, shares of toy makers Hasbro Inc. HAS, +0.37% fell 2.2% and Mattel Inc. MAT, +1.73% shed 3.0%. Among Target competitors, shares of Walmart Inc. WMT, +0.26% declined 1.9% and Kohl's Corp. KSS, +0.48% slipped 0.9%.
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