Best Buy Shows There Is Life After Amazon Disrupts You

Best Buy Shows There Is Life After Amazon Disrupts You

In the past few months, numerous major retailers have seen their share prices undermined by concerns about competition from e-commerce juggernaut Amazon.com (NASDAQ: AMZN).

Costco Wholesale (NASDAQ: COST) stock plunged after Amazon announced its intent to expand in the grocery business by buying Whole Foods. Home Depot (NYSE: HD) stock fell earlier this month on the news that Sears Holdings would begin selling Kenmore appliances through Amazon. And while Macy's (NYSE: M) has been posting poor results lately, its stock price has plummeted in a manner out of proportion to its sales declines.

Continue reading

Source: Fool.com