Why I Still Love Best Buy Co., Inc. (BBY)

Turnaround partner along for the ride

Microsoft Corporation (NASDAQ:MSFT) is also in the middle of their turnaround story as the “store-within-a-store” will begin opening this month and will offer the company’s entire repertoire including Windows-based PCs, tablets, Xbox and accessories. This is a win-win for both companies that are each trying to establish a strategic way forward. The deal also makes sense as Best Buy Co., Inc. (NYSE:BBY) has prime floor space up for grabs, which Microsoft can take full advantage of with well-trained knowledgeable staff that can offer live demonstrations of all Microsoft products. The partnership is looking promising as Microsoft Corporation (NASDAQ:MSFT) Xbox One has already sold out at Best Buy.

My take

Best Buy Co., Inc. (NYSE:BBY)’s moves will improve its competitive position considerably and I believe the four key points I outlined will establish the company as the dominant ‘go to’ retailer for all things electronics. Once the company’s plans are completed, the entire store network will be able to offer customers a complete leg up on shipping, pricing, and convenience that many competitors can not match.

The article Why I Still Love Best Buy originally appeared on Fool.com and is written by Jayson Derrick.

Jayson Derrick has no position in any stocks mentioned. The Motley Fool recommends Amazon.com. The Motley Fool owns shares of Amazon.com and Microsoft. Jayson is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

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