Opened in 2010, Woodmore Towne Centre is anchored by Wegmans, Costco, JC Penney, Best Buy and Petco. Still available in the 700,000 square feet of Phase 1 retail at Woodmore Towne Centre are tenant spaces ranging from 1,000 to 5,000 square feet.
What type of market is Best Buy?
The target market for Best Buy is the entire focus market of consumer electronics consumers. As mentioned before, Best Buy uses a differentiated market coverage strategy by offering multiple brands to cater to the needs of all of the consumers in the consumer electronic market.
Who are best buys customers?
Best Buy primarily targets the Millennial generation, or people between the ages of 18 and 40, because they prefer to have the latest tech gear, like smartphones and computers, while older generations do not. Additionally, most of Best Buy's revenue comes from computers and mobile phones sold both in-store and online.
What is Best Buy's strategy?
On Thursday, she laid out how Best Buy will transform its workforce, store fleet and sales strategy to focus more on e-commerce. The company is laying off thousands of employees and reskilling others for digital roles. It is testing new stores with a smaller sales floor and more space for fulfilling online orders.
Where is Best Buy company's located headquarter?
Richfield, MN
Is Best Buy an American company?
Best Buy is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota. Originally founded by Richard M. Best Buy also operates the Best Buy Mobile and Insignia brands in North America, plus Five Star in China.
Is Best Buy a Chinese company?
The Minnesota-based company, best known for its big-box retail stores that sell consumer electronics products, withdrew from the Chinese market in 2018 by selling off the majority stake in its local partner, Five Star Appliance Co, to a Chinese real estate company.