best buy

Retail
Holiday Trends Suggest Solid Sales But Challenges, Too

Based on early analysis of shopping patterns, 1010data has forecast a 5% increase in year-end sales for the holidays, with digital up 50% and store spending down 1% versus the 2019 season.

Retail
Best Buy Drives Diversity Efforts With New Initiatives

Best Buy is taking action to better address underrepresentation, technology inequities and educational and career opportunities for those who need it most, which includes filling one out of three new non-hourly corporate positions with BIPOC, or Black, Indigenous and People of Color, employees.

Retail
Placer: Early Shopping Stirs Change In Unique Holiday Season

According to a Placer.ai whitepaper report, the 2020 holiday shopping season kicked into high gear long before the leaves changed colors, with consumer concerns over unemployment and uncertainty about meeting-up with friends and families to exchange holiday gifts prompting consideration of new ways to celebrate, not to mention Amazon’s shift of Prime Day.

Retail
Best Buy Teams With Instacart To Offer Same-Day Delivery

Instacart has kicked off a new nationwide partnership with Best Buy to offer same-day delivery from nearly all Best Buy locations across the U.S. Customers nationwide now have access to a selection of Best Buy’s electronics and tech products delivered same-day, including small appliances.

Appliances
GE Enters Small Appliances Category

GE Appliances, a Haier company, is launching into small appliances and expanding its product offerings beyond major household goods. The program launches with 19 new products and 24 new SKUs, including coffeemakers, toasters, toaster ovens, blenders and food processors, across its GE, GE Profile and Cafe brands this month.

Financials
Best Buy Q1 Results Better Than Expected

While reporting a sales decline, Best Buy’s first quarter was better than expected, despite the retailer temporarily shifting to a contactless curbside-only operating model for all its domestic stores during the coronavirus pandemic.

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