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Best Buy Co (MEX:BBY) Other Noninterest Expense


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What is Best Buy Co Other Noninterest Expense?

Other Noninterest Expense (Bank) only applys to banks.


Best Buy Co Business Description

Address
7601 Penn Avenue South, Richfield, MN, USA, 55423
With $41.5 billion in consolidated 2024 sales, Best Buy is the largest pure-play consumer electronics retailer in the US, boasting roughly 8% share of the North American market and around 33% share of offline sales in the region, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the covid-19 pandemic, have seen the US e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.