In an investment presentation, Best Buy highlighted the progress made on its Building the New Blue growth strategy, detailing how it plans to move forward with the initiative, with an emphasis on customer relationships and “winning the home,” as well as discussing the company’s long-term financial outlook.
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.