Best Buy’s, Dick’s E-Commerce Growth Slows After Pandemic-Fueled Surge – The Wall Street Journal
Summary
Consumers are spending freely on sporting goods and kitchen appliances, but they are doing more of their shopping in stores than they did last year when Covid-19 restrictions upended the holiday shopping season.
Best Buy Co. posted a decline in e-commerce sales during the quarter ended Oct. 30, after such sales nearly tripled last year. Dick’s Sporting Goods Inc. reported flat online sales in the same quarter, after they had nearly doubled a year earlier. Both …….
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Consumers are spending freely on sporting goods and kitchen appliances, but they are doing more of their shopping in stores than they did last year when Covid-19 restrictions upended the holiday shopping season.
Best Buy Co. posted a decline in e-commerce sales during the quarter ended Oct. 30, after such sales nearly tripled last year. Dick’s Sporting Goods Inc. reported flat online sales in the same quarter, after they had nearly doubled a year earlier. Both chains reported higher overall sales than in 2019.
Source: https://www.wsj.com/articles/best-buy-growth-slows-after-pandemic-fueled-surge-11637670704