Best Buy is entering the critical holiday season
with good cheer, raising its profit expectations
for the current quarter.
The nation’s largest consumer electronics retailer
joined a handful of other big box stores like
Target and Walmart which are putting up strong
sales numbers from the third quarter.
Best Buy, once under severe threat from
Amazon.com, is holding its own after
aggressively expanding its online operations,
speeding up deliveries and making visits to its
stores for customers a better experience. That
effort was led by Hubert Joly until he stepped
down in 2019 after seven years as CEO. Corie
Barry took over the job in June.
The Richfield, Minnesota, company has also
recognized the value of technology that will
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