The big-box electronics retailer grew revenues by 7% to a total of $42 billion last year. Yet Best Buy has not escaped the retail downturn unscathed: profits dipped by more than 18% to $1 billion in 2017. In April, former rivals Best Buy and Amazon announced a partnership to sell more TVs equipped with Amazon’s Fire TV operating system; the move will allow Best Buy to sell directly to the e-commerce giant’s massive online customer base for the first time.
Looking for leads, investment insights, or competitive intelligence?
News about Best Buy
Amazon already sells Sears' appliances.
From Macs to drones, these deals are tops.
Startups sometimes get funding to take on public companies.
This is your Data Sheet for Friday, April 20, 2018.
The move should bring more shoppers to Best Buy stores.