The business is on a roll currently, with its total second-quarter sales to date up over last year, despite the obvious disruptions the coronavirus pandemic has caused.
The electronics retailer revealed that quarterly sales increased by about 2.5 per cent from 2 May to 18 July when compared to the year-ago period. Quarterly online sales have surged by 255 per cent and this has been driven by the sales of computers, appliances and tablets.
Best Buy also said that in place of the pay incentives it gave employees through the pandemic, it is raising the starting wage for all domestic employees by 4 per cent, to $15 per hour, effective 2 August.
“Strong consumer demand, combined with shopping experiences that emphasise safety and convenience, has helped produce our sales results to date,” said Best Buy CEO Corie Barry. “None of this would be possible without the effort and energy of our front-line employees working in stores, supply chain facilities and customers’ homes.”
