Best Buy Is Shrinking Some Stores. Here’s Why That’s A Good Thing
By CNBC
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Consumer electronics retailer Best Buy is testing out a new format as it tries to steady the business and boost sales growth. It’s opening new, smaller-scale stores this summer in markets about half the scale of its traditional locations. CNBC’s Laya Neelakandan spoke exclusively with incoming CEO Jason Bonfig about his plans for the concept. Produced, Shot and Edited by: Natalie Rice Reporting by: Laya Neelakandan Animation: Jason Reginato, Emily Park Senior Director of Video: Lindsey Jacobson Additional Footage: Best Buy, Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Ta
Tags: Best Buy, electronics, tariffs, inflation, Cape Cod, Jonesboro, earnings, quarter, profit, loss, sales, Wall Street, Covid, pandemic, Jason Bonfig, Corrie Barry, memory shortage, AI, CEO, small format
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