Data-driven insights that help companies navigate the changing retail and technology landscape. LEARN MORE
Event Coverage 5 minutes premium

Best Buy Investor Day 2019: Management Plans to Improve “Brand Love”

#
Coresight Research

Key Points

Best Buy held its biannual investor update meeting on September 25, 2019 at the New York Stock Exchange.

  • Best Buy has already accomplished its FY21 financial targets and has set aggressive but achievable targets for FY25.
  • The company is focused on increasing “brand love” (i.e., the consumer’s connection or affinity for a brand) by focusing on retail fundamentals, including pricing and promotions.
  • Best Buy is intensely focused on the customer and is targeting adjacent opportunities where it has lower market share.
  • The health tech category is a $50 billion addressable market, which is undergoing a structural transformation that is unlocking new possibilities.
  • The company has made substantial improvements to its supply chain, in automation, evolving strategies in partnership and fulfillment, expanding its supply chain and customer experience.
premium

Please Log In to read the full report. Not a member? Register for a free user account.

Other research you may be interested in:

×
Do NOT follow this link or you will be banned from the site!

GET OUR DAILY INSIGHTS