Is Best Buy (BBY) still as popular as the electronics and appliance store was during the pandemic? “Consumers are not buying laptops, PCs, home theater systems, gaming consoles, and appliances like they used to. However, one aspect of the Best Buy product segment demand that is doing better are phones and tablets. However, when compared to Lowe’s, Home Depot, Target, Walmart, and Whirlpool, Best Buy is struggling. It does not have a great identity of destination even from a digital perspective,” says LikeFolio’s Andy Swan. Tom White and Kevin Hincks weigh in on slowing in discretionary consumer electronics.
01 Mar 2023