Good piece in the Wall Street Journal about how Best Buy "has accomplished what many on Wall Street once considered impossible: It successfully fought off an attack from Amazon.
"The electronics retailer’s operating margins have rebounded and same-store sales are up. That is a dramatic improvement from January 2013, when Best Buy’s shares were trading at roughly one-quarter of their current value as fears of “showrooming” - shoppers’ practice of researching products in bricks-and-mortar stores and then buying them from online competitors - swirled around the company."
There have been several keys to the revival, including matching prices, improving its website and mobile apps, and improving its e-commerce operations.
You can read the story here.
"The electronics retailer’s operating margins have rebounded and same-store sales are up. That is a dramatic improvement from January 2013, when Best Buy’s shares were trading at roughly one-quarter of their current value as fears of “showrooming” - shoppers’ practice of researching products in bricks-and-mortar stores and then buying them from online competitors - swirled around the company."
There have been several keys to the revival, including matching prices, improving its website and mobile apps, and improving its e-commerce operations.
You can read the story here.
- KC's View:
