www.finstead.com/bit...ction-august-27-2018
Investors will be watching out for Best Buy's operational efficiency improvements under the new CEO Hubert Joly. The company's Renew Blue plan is shooting for accelerated online sales growth, improved multichannel customer experience, optimizing store square footage and US real estate portfolio. The company is also focused on gaining supply chain efficiencies, and cutting unnecessary selling, general, and administrative costs--necessary to compete in an evolving consumer electronics retail market.
Best Buy reaffirmed its position as a reliable operator in the evolving retail marketplace, following up its strong holiday results with 7.1% comps showing strength across several categories. Best Buy isn't just benefiting from favorable product cycles--mobile, appliances, computing, tablets, and smart home were called out as key drivers--and a healthy U.S. housing market, but also an improved in-store and online customer experience.
Investors will be watching out for Best Buy's operational efficiency improvements under the new CEO Hubert Joly. The company's Renew Blue plan is shooting for accelerated online sales growth, improved multichannel customer experience, optimizing store square footage and US real estate portfolio. The company is also focused on gaining supply chain efficiencies, and cutting unnecessary selling, general, and administrative costs--necessary to compete in an evolving consumer electronics retail market.
Best Buy reaffirmed its position as a reliable operator in the evolving retail marketplace, following up its strong holiday results with 7.1% comps showing strength across several categories. Best Buy isn't just benefiting from favorable product cycles--mobile, appliances, computing, tablets, and smart home were called out as key drivers--and a healthy U.S. housing market, but also an improved in-store and online customer experience.