Chewy’s Marte Named To Best Buy Board
Best Buy Co. has appointed Mario Marte, CFO of pet-oriented digital retailer Chewy, to its board of directors.
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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.
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.
Homebound Consumers Fuel Best Buy Third Quarter Sales Surge
Best Buy reported a banner third quarter, with net sales and comps surging as consumers continued to purchase a diverse range of home products for their homebound lifestyles.
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.
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.
Best Buy Reveals Black Friday Deals
Best Buy has released its Black Friday ad and several promotional dates. Some of the biggest savings from the ad are available now online and in stores, through November 1.
eMarketer: COVID-19 Shakes Up Digital World
According to eMarketer, e-commerce sales will jump 32.4% this year. But the numbers aren’t the only story as Kroger becomes the first supermarket operator to make the top 10 sales leaders.
Best Buy Kicks Off Black Friday October 13
Best Buy is kicking off select Black Friday deals next week as it looks to compete with Amazon’s Prime Day.
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.
Best Buy Piloting Ship From Store Delivery Program
An early proponent of buy online pick up in store, Best Buy is again looking to expand the role of its stores in the distribution and fulfillment process, the company revealed in its second quarter conference call.
Home Life Lifts Best Buy Q2
Merchandise for the home helped drive strong Best Buy second quarter results.
Placer: Dollar Stores, Best Buy Enjoying Traffic Rebounds
Everyday necessities and electronics have gotten a pandemic boost, and according to Placer.ai, that has led to strong rebounds in store visits to Dollar General, Dollar Tree and Best Buy.
Best Buy Teams With Google Cloud To Improve Customer Experience
Google Cloud and Best Buy are expanding their partnership via a new, multi-year agreement that names Google Cloud as the cloud provider for Best Buy’s enterprise data platform.
Molekule Air Purifiers Roll Out At Best Buy
Molekule has signed its first major U.S. retail agreement with Best Buy. The company said its consumer line of air purification devices will be available through BestBuy.com and in about 350 retail stores across the country.
Best Buy Raises Hourly Wage For Employees
Best Buy is raising the starting hourly wage for all domestic employees to $15 effective August 2.
Best Buy Sets Face Mask Requirement For Shoppers
As COVID-19 cases continue to rise throughout the country, Best Buy is joining many retailers by requiring all customers to wear face coverings when shopping in its stores.
Best Buy Inviting Shoppers Back Into Stores
Beginning June 15, Best Buy Co. intends to allow a limited number of people at a time into more than 800 of its locations across the United States.
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.
Best Buy Opening 200 Stores For By-Appointment Shopping
How to open up stores in the COVID-19 pandemic is up for consideration across the retail industry, and Best Buy has determined to restart operations in 200 stores across the U.S. to offer an in-store, by appointment consultation service.