Best Buy

  1. Shopper & Customer

Inside Best Buy’s 5-Year Effort to Evolve with Today’s Consumer

One of the core values of Dick Schulze, Founder of Best Buy, was “learning from challenge and change” — a prescient insight from a retail leader in the ’80s who realized even then that in retail, especially in consumer electronics retail, there would be constant change. It’s a tenet that the company’s latest CEO, Corie […]
5 min read
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  1. Trends & External Forces

The Future of Brick-and-Mortar Stores in 2025

The traditional retail landscape is evolving at an unprecedented pace. With the rise of e-commerce giants, brick-and-mortar stores are redefining their roles in the retail ecosystem. By 2025, the future of physical retail will hinge on its ability to blend with digital innovations while retaining its unique strengths. This blog will explore how brick-and-mortar stores […]
4 min read
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  1. Stores & Formats

Leading Canadian Media Brand Brings Shoppability to Two Top Shows

Bell Media, one of Canada’s top media and entertainment companies, is bringing curated, shoppable TV experiences to two of its top shows: The Good Stuff with Mary Berg and Etalk. These new second-screen shopping experiences will be powered by Shopsense AI, which offers an AI-driven retail media platform that allows consumers to shop while consuming […]
2 min read
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  1. Channel: Mass

Holiday spending is flat so far in 2024, TikTok Shop pulls ahead

Holiday spending flat compared to 2023 Holiday consumer spending grew 0.1% YoY between November 1st and December 4th according to Earnest credit card data. This marks a deceleration from 2023, which had notched 1.1% YoY growth by this time. Contact Sales for details. Still, positive spending growth is a reversal from the early holiday period. […]
3 min read
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  1. Trends & External Forces

Best Buy says election, economy dampened customer demand in Q3

​[[{“value”:” Dive Brief Revenue fell 3.2% as shoppers avoided big-ticket purchases, but with the election over and the heart of the holiday sales season ahead, the retailer is optimistic about Q4. Published Nov. 26, 2024 A Best Buy store. The retailer is adding experential spaces to highlight new technology. Daphne Howland/Retail Dive “}]] 
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  1. Channel: Specialty & Other

Best Buy Reports Third Quarter Results

MINNEAPOLIS–(BUSINESS WIRE)–Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week third quarter ended November 2, 2024 (“Q3 FY25”), as compared to the 13-week third quarter ended October 28, 2023 (“Q3 FY24”).         Q3 FY25 Q3 FY24 Revenue ($ in millions)     Enterprise $ 9,445   $ 9,756   […]
< 1 min read
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  1. Media & Marketing

Amazon Doubles Down on Live Shopping for Black Friday

Amazon has partnered with video commerce platform TalkShopLive to beef up its livestreaming efforts this holiday season with new shows from Martha Stewart, Jennifer Hudson and more. The collaboration will kick off on Black Friday, with TalkShopLive producing a series of new shows for Amazon Live, the e-tailer’s livestreaming service. Martha Stewart, Jennifer Hudson, Eva Mendes, and Kimberly Schlapman of […]
2 min read
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  1. Media & Marketing

Why Customer Reviews Help Product Brands Expand in Retail

In today’s digital-first world, the voice of the customer is louder than it’s ever been. For product startups dreaming of seeing their creations on the shelves of retail giants like Best Buy, Target, or Walmart, understanding this voice is crucial. While launching online offers a global audience, transitioning to physical retail is a chance to […]
4 min read
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  1. Shopper & Customer

Navigating Cultural Differences for Success with U.S. Retailers

Entering the U.S. market as an international company can be both an exciting and challenging venture. As the world’s largest consumer economy, the U.S. offers immense opportunities, especially for innovative product startups. However, understanding the cultural nuances and regional differences across the country is critical to success, especially when partnering with major retailers like Walmart, […]
4 min read
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  1. Channel: Specialty & Other

Best Buy Builds Dedicated Studio Space to Develop Branded and Advertiser Content

Best Buy has built a 70,000-square-foot studio to develop bespoke content for its own channels and those of its partners, including advertisers on its Best Buy Ads retail media network. This week the retailer gave customers a first look inside the specialty space, which includes sound stages, edit and audio suites, a fabrication shop, a […]
2 min read
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  1. Holiday & Events

Retailers Focus on Early Sales, Expanded Assortments to Win Holiday 2024

With the unofficial start to the holiday shopping season (Amazon’s Fall Prime Day Oct. 8 and 9) just around the corner, and consumer confidence wobbly at best, Amazon isn’t the only retailer hoping to capture some early holiday spending next month. Target, Walmart, Best Buy, Big Lots and Michaels all have announced plans for early […]
6 min read
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  1. Holiday & Events

The Weekly Closeout: Retailers gear up for the holidays, Figs opens second store

​[[{“value”:” This audio is auto-generated. Please let us know if you have feedback. It’s been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week and what we’re still thinking about.  From the U.S. Postal Service’s partnership with […]
5 min read
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  1. Shopper & Customer

Are we Wasting Time Mining Data for Customer Preferences? 

Analyzing customer data to predict future purchases can be hard. And it doesn’t help that most companies focus far too often on preference data to anticipate what customers will want next. Companies used to struggle to find the tools and techniques to engage customers and create personalized buying moments, but today most retailers can deploy […]
4 min read
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  1. Technology & Innovation

What Did I Miss?

We’re back, with our Season 9 premier episode. Next week we’ll return with our usual format of news of the week and fascinating interviews with the retail industry’s most remarkable executives and thought leaders. But having devoted our summer episodes to our special 6-part series on accelerating retail transformation, we’re taking the opportunity to unpack […]
2 min read
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Editor’s Choice

  1. Holiday & Events
  2. Holiday & Events

Shoppers believe best holiday deals are after holidays

A good number of consumers, over 77%, believe there are better deals available after the holidays, and nearly 51% plan to take advantage by making a large purchase in late December and January. Those are top findings from a Holiday Green survey, from CouponCabin, regarding consumer habits in the post-holiday time frame. When it comes to post-holiday […]
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  1. Trends & External Forces
  2. Data & Insights
  3. Technology & Innovation
  4. Trends & External Forces

2025 Outlook: A Snapshot into Ad Spend, Opportunities, and Strategies for Growth

IAB’s 2025 Outlook: A Snapshot into Ad Spend, Opportunities, and Strategies for Growth offering an early glimpse into ad spending trends for the coming year. The report is a must-read to gain and understanding of brand and agency buyers’ growth strategies and the challenges they foresee. The report covers: 2025 projections for the market overall […]
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  1. Data & Insights
  2. Technology & Innovation

AI at the retail edge: What’s possible now

There’s been a lot of talk lately about artificial intelligence (AI) and generative AI (GenAI) and how these technologies are going to revolutionize retail. But the retail revolution can’t be accomplished with sweeping generalizations about putting more technology into stores. Successful retail outcomes are built using technology to solve specific challenges, expanding on wins and […]
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  1. Media & Marketing
  2. Department: Consumer Durables
  3. Department: HBC
  4. ESG
  5. Media & Marketing
  6. Data & Insights
  7. Shopper & Customer
  8. Trends & External Forces
  9. Holiday & Events
  10. Merchandising
  11. Operations & Supply Chain
  12. Stores & Formats

Some retailers would benefit from a TikTok ban in 2025

TikTok Shop took the market by storm in just two years. The social media platform sold more merchandise than Sephora [LVMUY] in late 2024 according to Earnest credit card data. TikTok Shop also handily outperformed during the 2024 holiday season. But a potential ban could result in brands losing access to a vital marketing and […]
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