Best Buy's aging core customers 'will die out,' Wall Street analysts say in bleak warning

Australia News News

Best Buy's aging core customers 'will die out,' Wall Street analysts say in bleak warning
Australia Latest News,Australia Headlines
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Best Buy is making a massive best on the aging population of the US with a suite of health services and devices.

Best Buy revealed this week that it's making a massive bet on the aging population of the US with a suite of health services and devices. Wedbush analysts warned Thursday that Best Buy's aging customers"will die out" and younger consumers will likely shop elsewhere. "Over the long run, we think that Best Buy's core customer will die out, only to be replaced by tech-savvy younger customers who have a lifetime of training to shop online," Wedbush analysts wrote.

Best Buy revealed this week that it's making a massive bet on the aging population of the US with a suite of health services and devices. Wedbush analysts warned Thursday that Best Buy's aging customers"will die out" and younger consumers will likely shop elsewhere. "Over the long run, we think that Best Buy's core customer will die out, only to be replaced by tech-savvy younger customers who have a lifetime of training to shop online," Wedbush analysts wrote.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Best Buy CEO Corie Barry wants to 'double down' on company's strategy, despite tariff disruptionsBest Buy CEO Corie Barry wants to 'double down' on company's strategy, despite tariff disruptionsBest Buy's first investor meeting in two years comes as the electronics retailer faces headwinds from the Trump administration's trade policies on goods made in China.
Read more »

Healthcare May Eventually Become A Bigger Business For Best Buy Than Selling ElectronicsHealthcare May Eventually Become A Bigger Business For Best Buy Than Selling ElectronicsBest Buy is known as the largest U. S. specialty electronics retailer, but some day, it may be better identified with healthcare instead.
Read more »

The 11 Best Places to Buy Furniture and Home Decor on EtsyThe 11 Best Places to Buy Furniture and Home Decor on EtsyAntique mirrors! French provincial dressers! Wicker anything! Here's our curated list of the best vintage Etsy furniture shops. 🏡
Read more »

Best Buy targets $50 billion in revenue by 2025, eyes health tech boostBest Buy targets $50 billion in revenue by 2025, eyes health tech boostBest Buy Co Inc aims to rake in revenue of $50 billion and cut about $1 billion ...
Read more »

Healthcare May Eventually Become A Bigger Business For Best Buy Than Selling ElectronicsHealthcare May Eventually Become A Bigger Business For Best Buy Than Selling ElectronicsBest Buy is known as the largest U. S. specialty electronics retailer, but some day, it may be better identified with healthcare instead.
Read more »



Render Time: 2025-03-25 02:09:56