How many best buy stores in us




















Skip to main content Try our corporate solution for free! Single Accounts Corporate Solutions Universities. Premium statistics. Read more. Best Buy had a total of own name stores in operation throughout the United States as of February Best Buy also operates a number of Pacific Sales stores and outlet stores, which together with their own name stores amounted to a total of stores in the United States as of On a global scale, the total number of Best Buy stores has decreased in recent years.

Both of these metrics are currently at higher levels than in preceding financial years. The company's products include consumer electronics, mobile products, televisions, digital cameras, e-readers, and appliances.

Its services include installation and delivery of appliances, computer and gaming setup, furniture assembly and repair services. You need a Single Account for unlimited access. Full access to 1m statistics Incl. Single Account. View for free. Show source. Show detailed source information? Register for free Already a member? Log in. Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile.

Log out. US Markets Loading H M S In the news. Mary Meisenzahl. Best Buy is closing five stores in four states in the next month. Last year was difficult for retailers, and conditions don't look like they're improving yet. Best Buy's workforce has shrunk in the last year after having to furlough workers when it closed stores to the public in the early days of the pandemic.

Employees started being brought back from furlough in mid-June. The company is retraining workers to help with online orders. And more space in stores is being used to ship orders or to get them ready for curbside pickup, where shoppers buy online and pick up orders in the parking lot. A group of workers posted an online petition calling for Best Buy to compensate employees for lost wages related to the cuts.

According to the petition, the company began slashing the hours of employees at stores on Jan. To combat the potential loss of holiday sales due to inventory shortages, Best Buy is stretching out its holiday season to accommodate longer transportation times by starting some Black Friday offers as early as October The extended sales period should allow customers more time to participate in promotional offers while alleviating some of the typical inventory challenges a traditional Black Friday sale causes.

Best Buy also has the opportunity to attract new customers to its omnichannel experience as customer search for items other retailers are unable to supply. This scenario would not just affect Best Buy, but the entire consumer electronics industry. Even though ResearchAndMarkets projects the U. This ratio means the stock is priced for profits to never meaningfully exceed its pre-pandemic profit levels.

I also provide an additional scenario to highlight the upside potential in shares if Best Buys grows revenue at consensus rates.

See the math behind this reverse DCF scenario. The following competitive advantages also help Best Buy grow its market share over the long term:. These days, fewer investors focus on finding quality capital allocators with shareholder friendly corporate governance. Instead, due to the proliferation of noise traders, the focus is on short-term technical trading trends while fundamental research is overlooked.

According to Zacks, Best Buy beat EPS estimates in each of the past 12 quarters and doing so again could send shares higher.

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