Wednesday, November 27, 2019

Best Buy, on strong financial footing, has its holiday playbook set

Best Buy is riding high heading into the holiday-shopping season with a suite of new tools at its disposal including free next-day delivery on thousands of items and dozens of new pickup locations inside of CVS and UPS stores across New York City.

Better-than-expected sales and profits from August to October and increased confidence about the holiday season led Best Buy to raise its profit outlook for the year. The results helped solidify its position of one of the winners in retail along with Target, Walmart and Amazon, while department stores and mall-based specialty retailers are floundering.. . . more