Back at the very beginning of Amazon’s run to the top of every major retailing category known to man, there was one brick and mortar retailer that many expected to be one of the first to succumb to Jeff Bezos’ ruthless retail strategy. It’s no big secret (they’re name is up in the headline). But while it did take a major beating for a number of years, Best Buy has proven that investors’ concerns are unfounded.
In its latest earnings report, scheduled for next week, Best Buy is expected to report strong results for its quarter that ended in July. This would follow up an impressive Q1 performance that many analysts weren’t expecting.
To understand just how well Best Buy actually is performing of late, just consider some of the numbers that CNN Money shared on Wednesday: