Best Buy changed everything to compete with Amazon
September 19, 2017
Best Buy CEO Hubert Joly said the company needed to reshape “nearly every piece of its business” to compete in a consumer electronics market that was increasingly being shaped by Amazon.com. Mr. Joly pointed to Best Buy’s price competitiveness, customer service, omnichannel capabilities and cost-cutting as factors in a turnaround that many thought was impossible.
Recent News
Snapchat Reveals Latest AR and ML Tools for Brands and Advertisers
Snapchat has introduced a range of new augmented reality (AR) and machine learning (ML) tools created to assist brands and advertisers in engaging with users on the social platform through interactivity.
Ground Beef Sold at Walmart Recalled for E. Coli Contamination
The beef, sold at Walmart and other retailers, is from Cargill Meat Solutions.
Carvana Shares Rise 30% as Pre-Owned Car Seller Reveals Record First Quarter
Shares for Carvana shot up by over 30% after it reported record results and made a profit in the first quarter.
Peloton, Hyatt Team Up To Offer Bikes, Loyalty Points at 800 Hotels
Peloton and Hyatt’s new partnership is an attempt to revitalize the cratering brand.