$treet $inatra
7 years ago
BBY the top may be nearing within the year? https://www.cheatsheet.com/money-career/stores-destroyed-by-amazon.html/?a=viewall
Amazon is the second-largest consumer electronics retailer in the country after Best Buy, and itβs gunning for the top spot, according to Quartz. In June 2016, Amazon surpassed Walmart in electronics sales, putting it in second place. At the same time, Best Buyβs market share is shrinking. Sales of TVs, headphones, laptops, and other electronic gadgets at Amazon grew 28% in 2015, compared to single-digit growth at Apple and Best Buy. But the brick-and-mortar electronics store is trying to fend off its biggest competitor by improving its e-commerce offerings. And it seems to be having some success, so the end might not be nigh for this chain.