How Best Buy is winning the war against retail theft

Best Buy CEO Corie Barry stated that the company's rate of shrink due to theft has remained relatively stable, attributing this to having only one entrance and few self-checkout registers in their stores.

businessinsider.com

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8/29/2023

Best Buy and the reluctant shopper. Sales fall as Americans pull back on spending

Best Buy's sales and profits declined in Q2 due to a pullback in consumer spending, but the decline was smaller than expected, and shares rose as profits exceeded expectations; the company anticipates stabilization and possible growth in the consumer electronics industry next year as shoppers look to upgrade their gadgets.