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Best Buy to close as many as 30 stores in 2023.

  • Fourth Quarter sales were $14.7B, Down 10% from prior year.

  • Growth in gaming and tablets offset comp sales declines in home-theater, appliances and mobile phones.

  • While Best Buy has slight room for improvement in showcasing new technology like electronic health products and virtual reality devices, the company is getting it right when it comes to retail fundamentals like customer service and omnichannel.

SOURCE: Retail Dive 3/2/23

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