- November 28, 2023
Whether a retailer rang up a sales symphony or lagged behind this quarter, they all evaluated a common make-or-break factor: the significance of delivering value to the customer. And if ...
- November 21, 2023
Retailers are reportedly bracing for a tough holiday season, with economic demand slowing and outlooks mixed.
Despite offering higher discounts and competitive promotions, retailers are uncertain if these measures will be ...
- November 21, 2023
As customers embrace value, Best Buy is emphasizing promotions and in-store experiences, aiming to create compelling reasons for them to make it to the checkout counter.
“We are excited about the ...
- November 21, 2023
Best Buy says cooling consumer demand for appliances helped drive down third-quarter sales.
The company’s drop in revenue led it to lower its annual sales forecast Tuesday (Nov. 21), three days before Black Friday ...
- September 12, 2023
Today, consumers crave the ability to maximize their precious free moments, and convenience in shopping is the key to achieving this. Not only does convenience spare them the laborious effort ...
- September 6, 2023
Earnings statistics suggest that consumers are not quite feeling comfortable about freely spending again — at least for retailers of nonessential goods.
Much to the relief of many retailers nationwide, shoppers ...
- August 29, 2023
Best Buy reported better-than-expected second quarter 2023 financial results on Tuesday (Aug. 29), attributing it to the company’s “strong operational execution” and the ability to balance industry sales pressure with strategic investments.
One of ...
- June 27, 2023
Best Buy has officially launched its new three-tiered membership program to entice cost-conscious shoppers.
Beginning Tuesday (June 27), customers can take part in one of three memberships: an existing free tier, ...
- May 31, 2023
It’s more than shoplifting. It’s organized retail theft. That’s been a common narrative for the past few years.
During May, retailers such as Target, Dollar Tree, Home Depot, T.J. Maxx, Kohl’s ...
- May 25, 2023
Best Buy sees a continuing trend of consumers feeling cautious due to the current economic environment.
The consumer electronics retailer noted this trend while reporting that its comparable sales declined 10.1% ...
- May 11, 2023
Best Buy has modified its membership programs and added a more affordable paid tier.
The electronics retailer now offers three tiers based on what it has learned from customers who used ...
- April 24, 2023
Oura’s wellness-oriented smart ring is becoming available at Best Buy.
The Oura Ring — wearable technology that provides health data, insights and guidance — began its rollout to Best Buy brick-and-mortar ...
- April 17, 2023
Gen Z are a difficult group to predict. They love picking up their restaurant meals, both inside and curbside. They are most open to new ways to pay, but lag ...
- April 14, 2023
Best Buy has reportedly eliminated hundreds of roles in its brick-and-mortar stores.
The cuts are centered on the electronics and appliance retailer’s “consultants” who focus on selling computers, smartphones and other complex ...
- March 7, 2023
In a move to offset sagging electronics sales while going deeper into the growing home health trend, Best Buy is partnering with multi-state provider Atrium Health on at-home health.
In a Tuesday ...
- March 3, 2023
F. Scott Fitzgerald wrote that the rich “are different from you and me.”
Fast forward a century from when he penned the words, and today, the rich — the high earners ...
- March 2, 2023
Best Buy expects sales will dwindle this year as cash-strapped consumers shun big-ticket home electronics.
“As we enter FY24, the consumer electronics industry continues to feel the effects of the broader ...
- December 12, 2022
Live commerce platform TalkShopLive is joining the ranks of digital retailers offering in-store pickup.
The program — set to launch Monday (Dec. 12) night — is happening via a partnership with ...
- November 22, 2022
Fighting a highly promotional environment for consumer electronics, Best Buy sees holiday shopping patterns this year returning to some pre-pandemic norms.
Reviewing FY23 third quarter financials on a Tuesday (Nov. 22) earnings call, ...
- November 14, 2022
Born of pandemic necessity and a graying U.S. population, remote patient monitoring (RPM) is breaking out all over, as its growth potential draws in retailers such as Best Buy and ...
- September 27, 2022
While last year’s wave of retail theft seems to have abated somewhat, retailers say shoplifting attempts are still higher than before the pandemic.
That’s according to a Tuesday (Sept. 27) report ...
- September 22, 2022
In some ways, a new ad platform launched today (Sept. 22) by alcohol eCommerce site Drizly is the retail industry equivalent of a dating service.
Like many of its peers and rivals, the Drizly Ads suite of products is using ...
- August 30, 2022
Best Buy saw a decline in sales during the second quarter, the electronics retailer reported Tuesday (Aug. 30), as consumers shied away from home theater and computer purchases.
“We are clearly ...
- August 19, 2022
Today in the connected economy, The Weather Channel begins testing a subscription program in partnership with Trip Advisor and USA Today. Plus, DoorDash ends a partnership with Walmart to offer ...
- August 19, 2022
Crypto payments technology firm BitPay has added Best Buy gift cards to the range of gift cards that it enables consumers to buy with cryptocurrency.
With these new gift cards, consumers ...
- August 17, 2022
Best Buy will begin offering Food and Drug Administration (FDA)-regulated hearing aids, following a ruling this week by the federal government allowing over-the-counter (OTC) sales of the devices.
The tech retailer ...
- July 28, 2022
It has been said that there’s no hiding from inflation. The effect of increasing prices and the subsequent loss of purchasing power is so unavoidable and blunt in its impact ...
- June 16, 2022
With nearly three-quarters of the U.S. population currently contending with a heat wave, consumer demand for fans, air conditioners, water toys and more will surely be brisk this week, providing ...
- May 24, 2022
Today in retail, Walmart drone delivery service expands to six states while electric vehicle companies use digital screens and apps to promote local merchants. Plus, Abercrombie & Fitch faces a ...
- May 24, 2022
Best Buy hasn’t been able to withstand the economic triple whammy of a pandemic, supply chain snags and a looming recession as well as some other brands, and that struggle ...
- May 6, 2022
Today in retail, Goodyear overcomes supply chain disruptions to record its best first-quarter results in a decade, while Unilever teams with Robomart on hail-able ice cream trucks in Los Angeles. ...
- May 6, 2022
Best Buy on Friday (May 6) announced it’s expanding some of its existing product lines and adding new ones that will soon be available in select Best Buy stores and ...
- April 20, 2022
Today in retail, Victoria’s Secret unveils a brand for tweens while Amazon deploys palm-scan payment at Whole Foods in Austin, Texas. Plus, Capital Automotive Group kicks off its RideShift car-buying ...
- April 20, 2022
At a time when the product refresh cycle has left most Americans with a stockpile of outdated and broken devices and gear, the nation’s largest electronics and appliance retailer has ...
- March 4, 2022
Today in Data, Best Buy says technology is all-encompassing and becoming ever more life-changing, while Victoria’s Secret continues its full-scale transformation. Plus, Amazon closes its bookstores.
Data
$199: Price of Best Buy ...
- March 3, 2022
Today in retail, Best Buy talks about the transformational power of technology, while Burlington Stores hopes to see foot traffic increase in 2022 after a Q4 slump has investors and ...
- March 3, 2022
Inflation may rise and fall, supply chains will ebb and flow, and the pandemic will (hopefully) continue to fade, but Best Buy CEO Corie Barry told investors Thursday (March 3) ...
- January 7, 2022
Consumer electronics retailer Best Buy Co. Inc. is partnering with tech influencer, reviewer and video creator Marques Brownlee on “Rewind: Tech from 2021,” in which Brownlee will highlight his top ...
- November 24, 2021
In today’s top retail news, Gap says supply chain issues will likely persist into early next year, while Afterpay is preparing to launch a subscription service for recurring purchases in ...
- November 24, 2021
Best Buy is increasing its focus on health technology and virtual stores. Plus, Walmart struggles to get customers to sign up for paid loyalty program membership, and Tiffany sees unprecedented ...
