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Aaron Keefe

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Apr 12 · linkedin

While I enjoy hearing good news about #retail, going from this headline to "Best Buy is going strong" feels like a leap. While Best Buy appears to have had a good fiscal 2018, I wouldn't say that the number of store openings, whether it's one or more, is a reliable indicator of financial performance, good or bad. For big retailers, a number of stores open and close each year. It's the net result that matters. For #BBY, net US store count has dropped every year since 2012. This includes a net loss of 18 stores in fiscal 2018. The data: https://lnkd.in/ghDZ3ug

That said, the #retailapocalypse phrase is a bit sensational and premature. For all things digital, including shopping, I don't think we've reached a #steadystate #equilibrium. Case in point: #Amazon opening book stores. https://lnkd.in/gWmxAkZ

Feb 7 · linkedin

Kimberly Tipton

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Aaron Keefe
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Education

Master Of Science, Masters

Location

Los Angeles, California, United States