How This Retailer Is Fighting Back Against Amazon
The following video is part of our "Motley Fool Conversations" series, in which developer Chris Bledsoe and consumer goods editor/analyst Austin Smith discuss topics across the investing world.
In today's edition, Chris and Austin discuss how Best Buy is fighting back against Amazon.com. The company has taken bold hiring moves, and even offered free shipping during the holiday season in reaction to Amazon's Prime service. Unfortunately, the move was fumbled as the company found it impossible to fulfill many orders. The company has a long way to go, as BestBuy.com didn't even rank in the top 50 retail websites by traffic. However, the company has recognized its deficiencies and is looking to correct them.
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At the time this article was published Austin Smith has no positions in the stocks mentioned above. Chris Bledsoe has no positions in the stocks mentioned above. The Motley Fool owns shares of Amazon.com, Best Buy, and Wal-Mart Stores.Motley Fool newsletter services recommendAmazon.com, eBay, and Wal-Mart Stores. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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