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Best Buy’s stores are key to its momentum

November 26, 2019


Best Buy is solidifying its position in a market where analysts see a more wary consumer, thanks in part to its strength as a brick-and-mortar retailer. That is blunting what was seen just a few years ago as a looming threat in electronics from Amazon.

“[Best Buy] is more than holding its own against the likes of Walmart, Amazon, and Target,” Moody’s Investors Service analyst Charlie O’Shea wrote in emailed comments, adding that its guidance upgrade for the fourth quarter “in the face of already cutthroat promotional activity is a reflection of a high level of confidence in its holiday strategy, which includes a value-added consultative store experience that provides a meaningful advantage over its core competitors.”

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