Best Buy is planning the launch of takeover packages available to ad partners in 2026. Will these packages prove profitable for both parties?
IKEA is partnering with Best Buy, placing small shops inside the latter’s brick-and-mortar locations. Will this partnership work?
IKEA is partnering with Best Buy to place small shops within the latter’s larger stores in a pilot project.
Best Buy lowered its full-year guidance due to tariffs but also laid out a five-point plan to curb further damage. Which step will likely offer the biggest payback?
Best Buy delivered a mixed Q1 earnings report as it cut full-year guidance due to tariffs and economic uncertainty.
Best Buy and Target are warning of imminent and perhaps prolonged price hikes as a result of President Trump’s tariffs.
Best Buy is partnering with Mirakl to allow third-party vendors to sell on its website.
Best Buy is opening up an online marketplace in the U.S. for a second time. Will its fortunes improve this time around?
Best Buy recently revealed a disappointing Q3 earnings report, causing stocks to tumble.
Extended store hours and deals galore are a win for holiday shoppers.
Following news on holiday sales events set for early October arriving from Amazon, Target, and Best Buy, Walmart announced plans last week to roll out holiday deals “weeks earlier than previous years.” Should October results dictate the promotional cadence this holiday season?
Lower customer demand hurt Best Buy’s sales numbers in the last quarter.
Best Buy has launched a new live tracking feature for large deliveries like TVs and appliances, using AI to provide real-time updates. In what additional ways can retailers leverage real-time tracking technology beyond delivery to enhance operational efficiency and customer experience?
Electronics retailer Best Buy announced Tuesday that it is revamping its branding with a new tagline, changes to its look, and an advertising “spokeshologram.”
Best Buy has announced plans to shift its retail strategy from a traditional approach to a newfound focus on technology and customer engagement. What are the potential implications of Best Buy’s “imagine that” strategy for fostering personalized customer experiences in the retail industry?
It’s time to cash in on all the savings for this once-a-year sale.
Promising a “new retail media model,” Best Buy has partnered with CNET to integrate the tech review site’s recommendations across Best Buy channels. Do you see enough benefits from the partnership for both shoppers and advertisers?
Best Buy CEO, Corie Barry, suggests that the surge in spending on experiences like Taylor Swift concerts, coined as “funflation,” is…
For the holidays. Best Buy is introducing Best Buy Drops, offering consumers limited-time deals on electronic gadgets. Do drops make as much sense for a category such as electronics as fashion?
Best Buy’s home-health business, Current Health, aims to develop automation technology to simplify the transition of patients from hospitals to home…
Best Buy’s second quarter marked its seventh straight period of negative same-store sales. Do you see a potential sales recovery for the consumer electronics category by the fourth quarter?
While major retailers like Target, Walmart, and Dick’s have raised concerns about rising retail theft, Best Buy has managed to maintain…
Best Buy’s CEO, Corie Barry, has stated that the current year will likely mark the low point in tech demand after…
Best Buy’s comps were down 10.1 percent in the first quarter, but CEO Corie Barry is confident that the consumer electronics chain will turn in better numbers as the year progresses.
Best Buy is expanding its loyalty program from one paid and one free tier to one free one and two paid.
The advertising potential of streaming platforms has entered the hype cycle as Netflix and Disney+ recently rolled out ad-supported streaming tiers.
Best Buy Health is focused on enabling medical care at home with three focus areas: wellness, aging and care.
Best Buy last week forecast sales would decline three-to-six percent in 2023 amid macroeconomic pressures. The chain reported a 10.3 decline in 2022.
The good news if you are a My Best Buy rewards program member is that you will no longer be required to make a minimum purchase to receive free standard shipping on online orders. The bad news is that to get the perk, you’ll have to pay with the retailer’s high interest credit card. How do you expect Best Buy customers to react to changes to its My Best Buy rewards program?
Best Buy has implemented and expanded its use of digital clienteling to serve more than a quarter million customers since announcing its virtual store pilot in 2021. Customer satisfaction has increased 20 percent as a result of the company taking its famous in-store service online. What do you see as the biggest benefits of Best Buy’s virtual store?
Many retailers saw dollar sales slow and profit margins drop over the first six months of the year and some have responded to this situation by cutting back on capital expenditures. Should retailers currently struggling with sales and profits seek to increase or decrease their capital expenditures at this time?
A recent study predicts that shoppers will be more likely to spread their dollars out earlier in the holiday season as ongoing concerns about inflation change spending habits. Will promotional activity play a bigger role in driving traffic and sales this year than we’ve seen since the pandemic began?
Best Buy is laying off an unspecified number of associates in stores across the country in what is widely seen as a cost-cutting move after the chain last month lowered its annual sales and profit forecast. How should retailers calculate cost savings versus the cost to morale when cutting front line workers?
Walmart has launched a program selling refurbished appliances and consumer electronics that it says will offer high-quality products at a fraction of the cost of buying them new. Do you expect sales of refurbished electronics to get a significant boost as a result of inflation?
Walmart is laying off workers as part of a reorganization of its corporate staff. The decision comes on the heels of reducing its forecast for the current quarter and the year. What is your take on the layoffs taking place at Walmart?
Best Buy has downwardly revised its second quarter and full-year forecast, but the news is not all bad, according to its CEO Corie Barry. Do you see Best Buy as a stronger or weaker retail company today than it was a year ago and before the pandemic?
Best Buy is today opening a new digital-first, small box store concept that it believes will change the way consumers shop for the products it sells. Do you expect customers to respond favorably to the shopping experience offered in Best Buy’s new small format store in Monroe, NC?
Amazon.com is officially calling this week’s Prime Day sales event a success. The retail and technology giant said that shoppers purchased more items in what it has labeled as the “biggest Prime Day event” in its history. Did anything around Amazon’s sales performance this week or that of its rivals surprise you in any way?
Best Buy recently became the first national retailer to offer a service that picks up old tech from customers’ homes to be recycled. The price of the service, at $199, however, may come with some sticker shock. Will Best Buy’s Standalone Haul-Away service, at $199, hold enough appeal to consumers?
Best Buy CEO Corie Barry is well aware of the challenges the consumer electronics chain faces in the current economic environment. She’s also confident that the steps the retailer is taking to get closer to its customers will lead to long-term success. Where do you see the biggest opportunities for the chain to continue growing?
Best Buy is moving forward with its plan to double the number of outlet stores it operates over the next year. The consumer electronics retailer said it is opening four new outlets this summer and fall in Chicago, Houston, Manassas, VA, and Phoenix. Where do you think Best Buy will see the biggest benefit from its new outlet store strategy?
A new study indicates that retailers are taking a hit in foot traffic across the board due to fuel cost inflation. Do you think that foot traffic to stores will continue to slow due to fuel costs and other inflationary pressures?
In February it was announced that Best Buy chose Amazon Web Services as its preferred Cloud technology partner. This would not be so newsworthy If not for the many retailers either shunning AWS or keeping investments in it to a minimum. Do retail executives have the knowledge and expertise to make cloud partner decisions in the best interests of their companies?
Retailers have long been emphatic about how necessary data collection is. How that’s achieved, however, along with what data gets prioritized and how that affects the customer experience were frequently missing from public-facing presentations. Are there cases in 2022 where a retailer shouldn’t have a “data-driven culture”?
With more people than ever talking about an impending virtual reality revolution and speculating about an eventual consumer move to a shared VR metaverse, some say Best Buy is primed to emerge as the go-to retailer. Do you see Best Buy being one of the main beneficiaries of the adoption of virtual reality tech by consumers?
As a number of major U.S. cities continue to grapple with the problem of violent, orchestrated retail theft, Safeway in San Francisco is rolling out restrictive solutions it hopes will stop the shoplifting mobs. Do you see Safeway’s introduction of barriers and other security measures as workable long-term solutions that will deter theft?
Williams Sonoma has launched a new paid membership program, Williams Sonoma Reserve, costing $99 annually that includes free shipping and experiential perks. Do you think Williams Sonoma’s annual subscription program will hold enough appeal for enough of its customers?
At Macy’s, the only gift cards available are those linked back to purchases at the retailer. Best Buy, in contrast, offers not only its own gift cards but those for Macy’s, Amazon.com and more than 150 other retailers, restaurants and entertainment businesses. Would you encourage retailers to sell only their own gift cards, offer a curated mix or sell as many gift cards as possible?
Best Buy has signed an agreement to acquire Current Health, a remote patient monitoring and telehealth technology company based in the UK. What is your assessment of Best Buy’s healthcare strategy?
Best Buy is launching a nationwide rollout of its Totaltech subscription program. Membership offers a host of service and purchasing benefits. Will Totaltech increase the sense of loyalty that Best Buy’s customers feel for the chain?
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