The services business is a relatively new segment for the company, and I think it can help sales.
They're kind of a victim of their own success.
The services business is a higher profit margin area for the company, ... With Best Buy's success in the home theater business, I think they have rightfully determined that providing installation services and other types of work is a good investment.
The recent feeling has been maybe the business was worsening. I think the comment that the PC business may have stabilized gives us a little more confidence that the year's going to improve from here.
Over time, the competition will become even more intense. There will be a time when the margins are impacted a bit.
Last year Best Buy had comparable sales in the high single digits in the second-half. Investors are probably looking for something new that could help pad sales going forward.
Copyright © 2024 Electric Goat Media. All Rights Reserved.