Best Buy Shatters Q2 Sales Expectations
Best Buy total sales rise 5.8% for Q2 to $9.9 billion, with online sales up 242%, driven by home office and home schooling needs.
Jason Knott · August 25, 2020
Best Buy
All In Best Buy
Best Buy to Reopen 800 Stores on June 15
Best Buy to reopen 800 stores and rehire 9,000 furloughed employees. Patrons will not need an appointment. Stores will be limited to 25% capacity.
Jason Knott · June 10, 2020
Best Buy Retains 81% of Sales During Pandemic
Best Buy reports a 155% uptick in online sales and retains 81% of sales during last six weeks of Q1, despite stores being closed during pandemic.
Jason Knott · May 21, 2020
CE Pro 100: Building Dream Teams in 2020
The annual CE Pro 100 list of the highest revenue custom installation companies reports 8.6% growth in 2019, with commercial projects on the rise.
Jason Knott · May 01, 2020
Best Buy to Reopen 200 Stores for Appointment-Only
Best Buy sets strict safety policy in which employees are required to wear masks and customers are always accompanied by an employee.
Jason Knott · April 29, 2020
Best Buy Furloughs 51,000 Employees; Retains ‘Vast Majority’ of Technicians
Best Buy enacts several cost-cutting measures in response to the coronavirus. Online sales have risen 250% since the crisis started.
Jason Knott · April 15, 2020
Vermont Orders ‘Big-Box’ Retailers to Cease Sales of Consumer Electronics
Vermont governor orders Best Buy, Walmart and others to halt in-person sales of ‘non-essential items’ to halt spread of coronavirus.
Jason Knott · April 02, 2020
Best Buy Stops In-Home Installs, Shifts to All Virtual Support
Best Buy experiences surge in demand for home office equipment from coronavirus outbreak. In-home installations and consultations are halted.
Jason Knott · March 23, 2020
Best Buy’s Strong Growth Driven by In-Home Service Success
Posting 12 straight quarters of growth, Best Buy conducts 250,000 free in-home consultations in FY2020. Total Tech Support hits 2.3M subscribers.
Jason Knott · February 28, 2020
Smart Home Stocks Compile 29% Gains in 2019
50 public companies engaged in the smart home industry average a stock price increase of 29% in 2019. UEI, Napco Security are biggest winners.
Jason Knott · January 02, 2020
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