Better Buy: Amazon vs. Best Buy
2020 has been a landmark year for e-commerce. With shelter-in-place and social distancing orders going into effect, online shopping became a necessity for many households. And many brick-and-mortar retailers were left with few other options than to sell merchandise via the internet too.
Many of them, like Best Buy (NYSE: BBY), have done quite well. In fact, Best Buy's latest quarterly report shows it is bucking the 19% sales decline so far this year for electronics and appliance stores reported by the U.S. Census Bureau through the end of July. Meanwhile, e-commerce stores like Amazon (NASDAQ: AMZN) have been off to the races.
Without a doubt, Amazon and its cloud computing AWS segment is the growth story of this generation. But don't ignore the value and dividend Best Buy stock offers right now.
Source Fool.com
