How Best Buy Beat the Market
How has Best Buy managed to stay afloat, and even thrive, when most of its competitors are slumping? According to an analysis by Forbes, it’s quality of service, a well-run bonus rewards program and good locations.
Best Buy on Wednesday reported that while its profits were down from the same time the year before, its performance beat Wall Street estimates, and the company remained significantly profitable, posting a $737 million profit.
In a column published Thursday, Forbes’ Tom Van Riper found that Best Buy’s strong performance is the result of a series of good decisions the company’s leadership has made in the last couple of years.