Best Buy continues to be lauded for its assortment of floor care and home environment products due largely to the retailer’s on-going commitment to carry items that showcase new technology as part of an effort to help consumers easily maintain a clean and healthy home.
According to a study from marketing technology and analytics agency Adlucent, consumers planning to take advantage of Amazon Prime Day remain enthusiastic about the e-tailer. But the shopping doesn’t stop there, as approximately 68% of consumers will explore beyond Amazon, comparing products and prices on other sites.
Corie Barry has officially taken the helm of Best Buy, becoming the fifth CEO in the company’s 53-year history. She replaces Hubert Joly, who led the company through a successful turnaround over the past seven years and will now become executive chairman as part of a planned leadership transition.
Best Buy recently presented St. Jude Children’s Research Hospital with a gift of $20.8 million as a result of the organization’s record-breaking fundraising year for the St. Jude Thanks and Giving campaign.
Best Buy beat Wall Street estimates with a solid performance in the second quarter, with comps driven by strong electronics product demand and what the company termed a favorable environment.
Best Buy has signed a definitive agreement to acquire GreatCall, Inc. for $800 million in cash.
Prime Day has become an event, according to market research firm A.T. Kearney, with 63% of Amazon.com customers planning their participation in the promotion four days before its launch, but that doesn’t mean the e-tailer is the only company that benefited from the occasion.