Key Takeaways Best Buy has invited Ikea to set up shop in 10 of its locations and is testing small-store formats as it eyes excess retail space.The electronics retailer reported third-quarter results that beat expectations and raised its outlook for the full-year.

Best Buy is raising its profit and sales expectations ahead of the holiday shopping season after a strong third quarter.

Black Friday is traditionally recognized as one of the busiest shopping days in the United States, regularly resulting in millions, if not billions, of dollars’ worth of consumer purchases. The tradition continued as Black Friday consumer spending online this year achieved a record $11.