by Mike Duff | Aug 29, 2024 | Retail Articles
Best Buy sounded optimistic about its prospects heading toward 2025 after posting better-than-expected second-quarter earnings and revenue despite lower comps. Best Buy reported that the appliance business remained soft during the second quarter. Net income was $291...
by Mike Duff | Jul 24, 2024 | Retail Articles
Best Buy is repositioning the customer-facing part of the business, including promoting a new tagline, Imagine That, introducing fresh advertising and enhancing the service offering, to better serve the range of shoppers in the way they want and reemphasize the thrill...
by Peter Giannetti | Jun 18, 2024 | Appliances, Home + Housewares, Personal Care & Wellness
Ulike, a pioneer in IPL (Intense Pulsed Light) hair removal devices for home use, is entering the U.S. brick-and-mortar retail market with the launch in Best Buy stores nationwide to go with and on BestBuy.com. Ulike launched in 2014 to market a line of hair removers...
by Mike Duff | May 31, 2024 | Retail Articles
Sales were tougher to come by at Best Buy, but the retailer managed to improve earnings significantly in the first quarter. Net earnings were $246 million, or $1.13 per diluted share, versus $244 million, or $1.11 per diluted share in the year-earlier quarter....
by Mike Duff | May 15, 2024 | Retail Articles
In a new consumer engagement move, Best Buy is upgrading its app, using AI and other technologies to create more personalized consumer shopping experiences. The company stated that an important improvement consumers will find evident is better tailoring of what Best...
