Best Buy Has a New Way to Serve Budget-Conscious Shoppers

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The Street

By Michael Tedder The company has smartly adapted to the ongoing decline of retail. The in-store retail experience has been in decline for quite a while. 9,300 brick and mortar stores closed in 2019, and 12,000 stores closed in 2020. But while Amazon (AMZN) – Get Amazon.com, Inc. Report and other e-commerce stores, which can offer lower prices because they don’t have to pay for real estate, have significantly cut into the margins of department stores and big box retailers, some brands have found ways to reinvent and stay afloat. In 2012, Best Buy (BBY) – Get Best Buy Co., Inc. Report seemed on…

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