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.
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