While Best Buy saw its domestic revenue decline 2.4% in the second quarter, its online revenue increased 22%, or $581 million. Best Buy President and CEO Hubert Joly said during the Aug. 26 conference call to discuss second-quarter financial results that staying true to the company’s Renew Blue strategy is paying off.
“Like other retailers, and as reflected in this quarter’s performance, we continue to see a shift in consumer behavior,” Joly said. “Consumers are increasingly researching and buying online. As a....