The Total retail space of Best Buy Co Inc in United States of America reached 38,088.10 Sq. Ft. in 2020
The indicator recorded a historical decline (CAGR) of 1.89% between 2017 to 2020
Best Buy Co Inc (Best Buy)
The online retail sector continued to expand during the historic period, with more firms selling products online, and a growing number of consumers spending a greater share of their income through online purchases, shifting their consumption from offline retail.
The growth of consumption in the online retail sector is set to continue over the forecast period, although at a slower pace compared to the historic period. The gradual removal of containment measures as vaccine programs are rolled out will allow the opening of all the offline retail sectors, from which the online retail sector saw gains. Moreover, in the mid-term, the macroeconomic shock to employment and disposable incomes is set to suppress spending, particularly affecting the consumption of non-essential goods.
Business description
Best Buy Co Inc (Best Buy) is a multi-national retailer of electronic products. The company primarily offers consumer electronics, computing and mobile phones, appliances, entertainment products, home office products, and related services including consultation, design, set-up, protection plans, technical support, educational classes, delivery and installation for home theater, mobile audio and appliances. Best Buy markets its products under Best Buy, Future Shop, Geek Squad, Magnolia, Best Buy Mobile, Dynex, Platinum, Yellow Tag, Insignia, Pacific Sales, 5Star, Rocketfish, Modal and My Best Buy brand names. It sells its merchandise at retail stores, online, mobile applications and through call centers. The company’s operations are spread across the US, Canada, and Mexico. Best Buy is headquartered in Richfield, Minnesota, the US.
Products & services
The company also offers various products including appliances, audio, video games, TV and home theatre, computers and tablets, cell phones, wearable technology, movies and music, home, garage and office, smart home, security and Wi-Fi, drones, toys, collectibles, cameras, and camcorders.
BestBuy offers numerous services including appliance services, installation, setup and repair and support services. The company’s major suppliers include Apple, Samsung, Sony, Hewlett-Packard, and LG Electronics.
United States of America
United States of America
United States of America
United States of America
Germany
China
United States of America
United States of America
United States of America
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