Is Best Buy Making a Big Mistake?
Sales of consumer electronics, home office equipment, and appliances helped Best Buy (NYSE: BBY) power through the pandemic, but now with many viewing the COVID outbreak increasingly in the rearview mirror, the home electronics superstore needs to convince shoppers there's a reason to return to its stores.
It believes it's found one in expanding its product offerings to include categories like healthcare, beauty care, patio furniture, and mobility devices such as e-bikes and scooters. And though we knew this was the path Best Buy was taking after acquiring U.K. telehealth start-up Current Health and outdoor furniture retailer Yardbirds last year, it still marks a serious departure from its core competency.
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Source Fool.com
