Retail makes for strange bedfellows at times — and in this week’s odd annals is the pair-up of putative rivals Best Buy and Amazon. The two firms will be collaborating on the sale of smart TVs. Amazon CEO Jeff Bezos was joined by Best Buy...
Facing high operational costs and changes in the smartphone market, Best Buy plans to shutter its 250 mobile phone stores in the U.S. by May 2018. The stores are not as lucrative as they once were since the smartphone market’s maturation, the Wall Street Journal...
Executives at Best Buy are projecting full-year revenue growth to land at 4 percent in 2017, beating a previous estimate, which suggested that growth would only rise by 2.5 percent. However, CEO Hubert Joly warned analysts not to be overly optimistic about the company’s upcoming...
Best Buy on Tuesday (Aug. 26) conceded that it was projecting a gloomy next couple of quarters, as the consumer electronics chain signaled its third consecutive year of falling revenue, the Wall Street Journal reported. “‘You cannot expect the same kind of growth rates that...
August 17, 2018
To continue to tap into the connected-home market, Best Buy plans to purchase GreatCall, Inc. for $800 million. The retailer expects that the deal will close by the end of the third quarter, Bloomberg reported. GreatCall makes emergency-response systems and smart phones geared towards seniors. The firm has over 900,000 subscribers, between its wearable devices and Jitterbug […]
April 18, 2018
Retail makes for strange bedfellows at times — and in this week’s odd annals is the pair-up of putative rivals Best Buy and Amazon. The two firms will be collaborating...
March 01, 2018
Facing high operational costs and changes in the smartphone market, Best Buy plans to shutter its 250 mobile phone stores in the U.S. by May 2018. The stores are not...
August 30, 2017
Executives at Best Buy are projecting full-year revenue growth to land at 4 percent in 2017, beating a previous estimate, which suggested that growth would only rise by 2.5 percent....
