As Canadians migrate from the suburbs to the inner cities and do more of their shopping online, big box shopping centres face an uncertain fate. Experts say many of these shopping centres will need to reinvent themselves as mixed-use lifestyle hubs to avoid a bleak future.
Best Buy is partnering with Microsoft to feature a store-within-a-store for its Windows products, the latest major consumer electronics retailer to acknowledge advantages of the brick-and-mortar format.
Shares of Best Buy jumped on Thursday after it announced plans to create store-within-store kiosks for Samsung products -- a vote of confidence from a major consumer electronics retailer that the brick-and-mortar format is still an important way to sell products.
Best Buy CEO says it's time to embrace 'showrooming.' Ten weeks into the job, Hubert Joly said the consumer electronics chain's results have been unsatisfactory, and the company must work to stabilize sales trends and increase profitability.