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Best Buy has trained more than 30K employees to help sell new AI-enabled computers in hopes of ending a sales slump
Business Insider· 2024-06-19 17:53
Best Buy is hoping Microsoft's Copilot+ will help end its 10 quarters of declining comparable sales.More than 30,000 employees have been trained to help sell the new AI-enabled PCs.The company also created a new "AI skillset" for Geek Squad agents in a retooling of the team. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Em ...
3 ETF Areas & Stocks to Win Despite Soft Retail Sales in May
ZACKS· 2024-06-19 13:00
Retail sales was weaker than expected in May. Sales rose just 0.1% sequentially, one-tenth of a percentage point below the Dow Jones estimate. However, the result was slightly better than the downwardly revised 0.2% decline in April.This unexpected stagnation in consumer spending indicates a possible shift in consumer behavior amidst persistent inflation and higher interest rates. On a year-over-year basis, sales rose 2.3%. The sales number was worse when excluding autos, with a fall of 0.1% against the est ...
Best Buy Stock Is Surging on AI Hype. Is It Time to Buy?
The Motley Fool· 2024-06-19 09:30
The AI PC could be a big deal for the retailer.The post-pandemic economy has been hitting consumer electronics retailer Best Buy (BBY 2.60%) particularly hard. While consumers were keen to upgrade their PCs and purchase new gadgets in 2020 and 2021, that period was followed by a brutal downturn in the PC market. Globally, PC shipment volumes crashed 16.5% in 2022 and 13.9% in 2023, according to IDC.Best Buy is dependent on consumer excitement for new products, something that's largely been absent for the pa ...
Ulike Makes Debut Entrance Into U.S. Retail Market Via Strategic Partnership with Best Buy
Prnewswire· 2024-06-18 12:00
Ulike is a world leader in the home hair removal industry and is committed to delivering next-generation technology, as well as medical-grade devices for use in the comfort of one's home. Having launched in 2013, Ulike is now one of the most popular at-home hair removal brands, helping over five million beauty fans ditch the razor for good and achieve silky smooth skin.In addition to obtaining 300 global patents, the brand's IPL hair removal device line has won a multitude of beauty awards from top tier med ...
Best Buy upgraded on 'compelling' risk-reward profile, shares climb
Proactiveinvestors NA· 2024-06-17 17:16
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Analyst: Best Buy Stock Boasts Solid Support
Schaeffers Investment Research· 2024-06-17 13:26
UBS upgraded Best Buy Co Inc (NYSE:BBY) to "buy" from "neutral," with a price-target hike to $106 from $85. The analyst said shares of the electronics retailer are set to benefit from new products and an appliance upgrade cycle. In response, Best Buy stock boasts a 3.7% premarket lead. The security is set to open at $90, its highest level since February 2023. While it recently broke out of a channel of lower lows on the charts, the stock is coming off of its ninth weekly loss in 11. Still, BBY boasts an 11 ...
Best Buy Layoffs 2024: What to Know About the Latest BBY Job Cuts
Investor Place· 2024-06-12 15:00
Best Buy (NYSE:BBY) layoffs are in the news Wednesday as the electronics and appliances retailer deals with slowing sales.It’s unknown how many Best Buy employees will be affected by the layoffs. What is known is that the job cuts appear to be limited to its designers. These are employees who help customers pick out products for their homes by visiting them.On top of these layoffs, some Best Buy employees are also reporting that pay is being cut. This comes as some of them switch to in-store sales roles and ...
Best Buy (BBY) Rides on Innovation & Operational Efficiency
ZACKS· 2024-06-12 13:00
Best Buy Company Inc.’s (BBY) strategic balance between cost management and quality service delivery, coupled with its forward-looking investments in technology and customer experience, have positioned it well for continued success.The company’s proactive approach to enhancing operational efficiency, optimizing supply chains and innovating customer engagement strategies highlights its resilience and commitment to shareholder value. These efforts collectively lay a solid foundation for sustained profitabilit ...
Best Buy Co., Inc. (BBY) Oppenheimer's 24th Annual Virtual Consumer Growth and E-Commerce Conference
Seeking Alpha· 2024-06-10 17:29
Best Buy Co., Inc. (NYSE:BBY) Oppenheimer's 24th Annual Virtual Consumer Growth and E-Commerce Conference June 10, 2024 11:15 AM ET Company Participants Corie Barry - Chief Executive Officer Matt Bilunas - Chief Financial Officer Conference Call Participants Brian Nagel - Oppenheimer Brian Nagel Well, good morning to everyone. Thank you for joining us for Day 1 for our 24th Annual Oppenheimer Consumer Growth and E-Commerce Conference. So my name is Brian Nagel and I work at Oppenheimer as the Consumer Growt ...
Best Buy Co., Inc. (BBY) Oppenheimer's 24th Annual Virtual Consumer Growth and E-Commerce Conference
2024-06-10 17:29
Best Buy Co., Inc. (NYSE:BBY) Oppenheimer's 24th Annual Virtual Consumer Growth and E-Commerce Conference June 10, 2024 11:15 AM ET Company Participants Corie Barry - Chief Executive Officer Matt Bilunas - Chief Financial Officer Conference Call Participants Brian Nagel - Oppenheimer Brian Nagel Well, good morning to everyone. Thank you for joining us for Day 1 for our 24th Annual Oppenheimer Consumer Growth and E-Commerce Conference. So my name is Brian Nagel and I work at Oppenheimer as the Consumer Growt ...