Best Buy (NYSE: BBY) has one of the most impressive stories of any brick-and-mortar retailer when it comes to adapting your business to thrive in the world of e-commerce. However, in this Fool Live music video, recorded on December 13, Fool.com contributor Matt Frankel explains whether he’s buying the stock now.
Is it a good idea to invest $ 1,000 in Best Buy Co., Inc.?
Before taking the decision of investing it is good to know the benefits.
A team of award-winning analysts has announced the 10 best stocks they currently believe in investors … and Best Buy Co., Inc. is among the best to invest in the list.
The Motley Fool Stock Advisor, an online investment service they have been running for nearly 20 years, is more than four times more than the stock market.
Matt Frankel: That was the best buy. About 10 years ago, Best Buy became one of the most successful retailers I’ve seen. I nailed a linchpin to an omni-channel. You nailed it everywhere. I don’t think everyone has a different opinion. Do you remember how you went to Best Buy over 10 years ago and how much space a DVD occupies? Wasted space in all stores.
They did a really great job of reducing square feet, making better use of the store, taking people to the door, and getting people to buy products there with a price guarantee. If you remember, the big problem for a long time was that people went to the best buy to see things and then bought them on Amazon (NASDAQ: AMZN) or somewhere cheaper online. They solved this problem really well. There are several options for the future.
For example, same-day delivery. I live in Columbia, South Carolina. I can’t get anything out of here on the same day. I had a router shipped from my local Best Buy on the same day. Same-day delivery increased 400% year-on-year. We offer twice as many products on the same day a year ago. It’s a great expansion opportunity for the future that they seem to be doing right.
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