Best Buy CEO Corie Barry on new third-party marketplace

Marketplace Opportunity - Customers are seeking products from Best Buy that are currently unavailable, as indicated by search results [1] - Customer shopping habits have shifted towards broader assortments since the pandemic [1] - Best Buy has gained valuable insights from its Canadian marketplace operations [2] Marketplace Strategy - Expanding product assortment to include items like customized phone cases and a wider range of accessories [2] - Offering more competitive pricing [3] - Onboarding innovative vendors who may initially lack the capacity for a first-party relationship [3] - Utilizing the marketplace to evaluate potential first-party vendors [3] Cannibalization Mitigation - The primary focus is on offering depth, diverse colors, and a broader selection rather than directly competing with existing products [4] - The goal is to cater to every customer's specific needs within the consumer electronics category [4]