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 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.
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.
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.
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.
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.
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.
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.
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.
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.