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PYMNTS | Best Buy Expands Omnichannel Footprint

PYMNTS | Best Buy Expands Omnichannel Footprint

Best Buy is reaching customers in new ways, both in stores and online, executives said Thursday (Aug. 27) during the specialty consumer electronics retailer’s quarterly earnings call. Best Buy has begun rolling out a new conversational artificial intelligence...
Best Buy sales up as consumers spend on electronics

Best Buy sales up as consumers spend on electronics

Consumers are finding room in their budgets for new electronics. The retailer Best Buy announced this week that it’s raising its outlook for the fiscal year. This comes after a strong second quarter, where the company’s comparable sales increased 4.1%. The market for...
Apple set to debut foldable iPhone

Apple set to debut foldable iPhone

Apple on Wednesday sent invitations for a Sept. 9 event where the company is expected to unveil its first foldable iPhone and other new products.Why it matters: The launch would push Apple into a smartphone category it has resisted, as rivals have experimented with...
Why Best Buy is opening smaller stores to grow sales

Why Best Buy is opening smaller stores to grow sales

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