Best Buy

Best Buy Begins Offering Tiered Memberships
Best Buy Begins Offering Tiered Memberships
June 27, 2023  |  Retail

Best Buy has officially launched its new three-tiered membership program to entice cost-conscious shoppers. Beginning Tuesday (June 27), customers can take part in one of...

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Rising Organized Retail Theft Puts Pressure on Profits for Major Retailers  
Rising Organized Retail Theft Puts Pressure on Profits for Major Retailers  
May 31, 2023  |  Retail

It’s more than shoplifting. It’s organized retail theft. That’s been a common narrative for the past few years.  During May, retailers such as Target, Dollar...

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Best Buy Reports Consumer Caution as Comparable Sales Drop 10%
Best Buy Reports Consumer Caution as Comparable Sales Drop 10%
May 25, 2023  |  Earnings

Best Buy sees a continuing trend of consumers feeling cautious due to the current economic environment. The consumer electronics retailer noted this trend while reporting...

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Best Buy Adds More Affordable Paid Tier to Membership Offerings
Best Buy Adds More Affordable Paid Tier to Membership Offerings
May 11, 2023  |  Retail

Best Buy has modified its membership programs and added a more affordable paid tier. The electronics retailer now offers three tiers based on what it...

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Oura Begins Offering Wellness-Oriented Wearable Technology at Best Buy
Oura Begins Offering Wellness-Oriented Wearable Technology at Best Buy
April 24, 2023  |  Wearables

Oura’s wellness-oriented smart ring is becoming available at Best Buy. The Oura Ring — wearable technology that provides health data, insights and guidance — began...

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Gen Z Leads the HealthTech Wearable Revolution
Gen Z Leads the HealthTech Wearable Revolution
April 17, 2023  |  Wearables

Gen Z are a difficult group to predict. They love picking up their restaurant meals, both inside and curbside. They are most open to new...

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Best Buy Eliminates Hundreds of In-Store Consultant Roles
Best Buy Eliminates Hundreds of In-Store Consultant Roles
April 14, 2023  |  Retail

Best Buy has reportedly eliminated hundreds of roles in its brick-and-mortar stores. The cuts are centered on the electronics and appliance retailer’s “consultants” who focus on...

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Best Buy Refocuses Geek Squad on Home Healthcare
Best Buy Refocuses Geek Squad on Home Healthcare
March 07, 2023  |  Healthcare

In a move to offset sagging electronics sales while going deeper into the growing home health trend, Best Buy is partnering with multi-state provider Atrium...

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High Earners’ Muted Spending Threatens Electronics and Autos, Boosts Big Box Merchants
High Earners’ Muted Spending Threatens Electronics and Autos, Boosts Big Box Merchants
March 03, 2023  |  Economy

F. Scott Fitzgerald wrote that the rich “are different from you and me.” Fast forward a century from when he penned the words, and today,...

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