Thread regarding Fry's Electronics layoffs

Best Buy boosts pay as coronavirus drives sales

Best Buy boosts pay as coronavirus drives sales

Shares of Best Buy have surged more than 4 percent in after-hours trading Tuesday on news that the retailer's online sales rose 255 percent quarter-to-date through July 18 compared to the same period last year due to increased demand during the coronavirus pandemic.

“Strong consumer demand, combined with shopping experiences that emphasize safety and convenience, has helped produce our sales results to date,” Best Buy CEO Corie Barry said in a statement. “None of this would be possible without the effort and energy of our front-line employees working in stores, supply chain facilities and customers’ homes."

According to the company, the largest areas of sales growth were in the computing, appliance and tablet categories.

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Post ID: @OP+164EIYxT

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Frys is still dying when compared to its 2018 sales which even then ended in a (low) millions loss.

No innovation. No solid direction. It could have made a great comeback if only the owners ponied up the actual merchandise everyone wanted during a pandemic, like basic electronics. If anything Best But shows us what an actual CEO can do vs. clueless and stubborn owners who only ever took their own advice.

The toilet bowl has many laps as its flushed before fully going down the drain. Frys is at some point in its lap, but the end result is inevitably downward.

Post ID: @bgto+164EIYxT

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