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.
Retail is in its largest period of transition ever. The companies left behind will bankrupt investors, while the few exceptional leaders benefiting from this change will see astounding growth in the years ahead. The Motley Fool has created a free report, "The Death of Wal-Mart: The Real Cash Kings Changing the Face of Retail," which highlights two companies hand-picked by Fool analysts that are set to dominate the future. To check out these two companies and learn more about the future of retailing, click here now -- it's free!
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.