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2021-12-26

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1 Retail Stock That Can Go Head-to-Head With E-Commerce

This company aced its pivot to omnichannel retail.

1 Retail Stock That Can Go Head-to-Head With E-Commerce

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E-commerce retailers like <b>Amazon</b> (NASDAQ:AMZN) were taking market share, and many of Best Buy's stores simply weren't set up well to compete. In this <i>Fool Live</i> video clip,&nbsp;<b>recorded on Dec. 13,&nbsp;</b>Fool.com contributors Jason Hall and Danny Vena discuss Best Buy's impressive transformation and what could be ahead.</p>\n<p><b>Jason Hall:</b> This company is an absolute survivor. You go back to the early 2000s when Best Buy was really just emerging as a national player. What a lot of people don't know is that the company almost got put out of business for bait-and-switch tactics because they had a high-pressure commission salesforce, and they were baiting and switching. And the company, they still deny that, but the reality is that's what they were doing.</p>\n<p>They came away from it, they dropped their entire sales staff to hourly, changed the model completely. 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But I think it's pretty well positioned.</p>\n<p><b>Danny Vena:</b> Yes, this is a company that I voted probably the high end of middle of the pack. I voted this No. 4 [out of 10 \"holiday shopping\" stocks]. For me, I think one of the more overlooked things about Best Buy, and I absolutely agree with everything that Jason said and the fact that the company has done remarkably well at doing the omnichannel business during the pandemic. They had folks order stuff online, pickup in store so they could get it right away. They were able to tap into that remote work from home, trends that happened.</p>\n<p>I think one of the most overlooked things about what Best Buy has done is they have introduced essentially a subscription program. They already had one where you could pay $199 a year and you could bring in your computer and have them diagnosis it. They could add software, they could do a lot of things. Now, they have changed that to where you get unlimited calls with Geek Squad. They will help you with essentially anything having to do with electronics. That I think is going to be a high-margin business. I think it's going to lift their margins. I think it gives them an opportunity to keep their brand front of mind with consumers.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>1 Retail Stock That Can Go Head-to-Head With E-Commerce</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n1 Retail Stock That Can Go Head-to-Head With E-Commerce\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-26 08:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/12/25/1-retail-stock-that-can-go-head-to-head-with-e-com/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It wasn't too long ago that Best Buy's (NYSE:BBY) viability was in doubt. E-commerce retailers like Amazon (NASDAQ:AMZN) were taking market share, and many of Best Buy's stores simply weren't set up ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/12/25/1-retail-stock-that-can-go-head-to-head-with-e-com/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4567":"ESG概念","AMZN":"亚马逊","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4535":"淡马锡持仓","BK4524":"宅经济概念","BK4527":"明星科技股","BK4559":"巴菲特持仓","BK4538":"云计算","BBY":"百思买","BK4550":"红杉资本持仓","BK4503":"景林资产持仓","BK4076":"电脑与电子产品零售","BK4122":"互联网与直销零售","BK4551":"寇图资本持仓","BK4561":"索罗斯持仓","BK4548":"巴美列捷福持仓","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念"},"source_url":"https://www.fool.com/investing/2021/12/25/1-retail-stock-that-can-go-head-to-head-with-e-com/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2194171798","content_text":"It wasn't too long ago that Best Buy's (NYSE:BBY) viability was in doubt. E-commerce retailers like Amazon (NASDAQ:AMZN) were taking market share, and many of Best Buy's stores simply weren't set up well to compete. In this Fool Live video clip, recorded on Dec. 13, Fool.com contributors Jason Hall and Danny Vena discuss Best Buy's impressive transformation and what could be ahead.\nJason Hall: This company is an absolute survivor. You go back to the early 2000s when Best Buy was really just emerging as a national player. What a lot of people don't know is that the company almost got put out of business for bait-and-switch tactics because they had a high-pressure commission salesforce, and they were baiting and switching. And the company, they still deny that, but the reality is that's what they were doing.\nThey came away from it, they dropped their entire sales staff to hourly, changed the model completely. 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1 Retail Stock That Can Go Head-to-Head With E-Commerce

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