Best Buy Grows US Ecommerce ~24% In Second Consecutive Quarter

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Screen Shot 2016-08-22 at 1.23.33 PMBy Krystina Gustafson, CNBC

“It wasn’t long ago that Amazon was considered to be the death knell for Best Buy’s business. That’s no longer the case. The bricks-and-mortar electronics chain on Tuesday said its U.S. online sales grew 23.7 percent during its fiscal second quarter, marking the second straight quarter of nearly 24 percent growth.”

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Comments

  • http://tech.mn Jeff Pesek

    “It wasn’t long ago that Amazon was considered to be the death knell for Best Buy’s business. That’s no longer the case.”

    LOL. Wall Street culture is chronically myopic and wrecklessly bipolar at the same time.

    This is positive news for BBY and by no means are they out of the jungle :/

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