Kimberry Pitt
All posts from Kimberry Pitt
Kimberry Pitt in Kimberry Pitt,

Is Best Buy Moving to the Right Direction?

Best Buy (BBY), one of the largest electronic retail store in U.S., will report its earning on Aug 20 which a lot of people question that can it do better this quarter? Since Best Buy's sale fell almost 10% last quarter, the electronic store is trying to cut cost and focus more on online sale to compete with big rival like Amazon (AMZN) and Walmart (WMT). Last month Best Buy just sold the stake in Europe back to Carphone Warehouse PLC so it can focus on domestic online sale in U.S. which had been increase over 16% last quarter. Best Buy also enter into a partnership with Apple, Samsung and Microsoft to have a selling space in Best Buy store to increase its revenue in the long run. We will see that all this startegy will boost Best Buy's sale this quarter.