Skip to main content

Best Buy to beef-up appliance section to boost sales

  • Author:
  • Updated:
    Original:

Shoppers typically associate Best Buy with TVs and computers, but the retailer plans to dedicate more floor space to appliances in the coming months as the housing market continues to improve.

The Star Tribune reports Best Buy Co. Inc. will open 18 to 25 of its high-end Pacific Kitchen store-in-a-store concepts this year.

The Richfield-based consumer electronics giant bought California-based Pacific Sales Kitchen and Bath Centers Inc. for $410 million back in 2006, according to a news release.

“The first priority is to increase revenue and gross profit per square foot through enhanced store space optimization and merchandising,” Joly recently told analysts, the newspaper reports. “This year we will reduce space allocated to the negative growth and low-margin categories [CDs and DVDs] and replace it with higher-gross categories like mobile, appliances and accessories. To support these expanded categories, we will deepen the product assortment, increase Blue Shirt [staff] training and re-prioritize marketing investments.”

Next Up

Screen Shot 2022-11-25 at 6.44.11 PM

Lengthy standoff in Prior Lake ends late Friday night

The suspect allegedly assaulted an officer outside Kwik Trip, fled and broke into a home.

snow - 12-10-21 - Joe Nelson - 5

Accumulating snow possible in Twin Cities next week

The storm system could arrive in the Tuesday-Wednesday timeframe.

Target store snow

With Black Friday barely underway, Target reveals Cyber Monday deals

Plans for the two-day sale were revealed Friday morning.

Screen Shot 2022-11-25 at 9.37.25 AM

Man waves replica assault weapon at drivers in downtown Minneapolis

The alarming incident was spotted by the new MPD chief, Brian O'Hara.

Screen Shot 2022-11-25 at 9.29.58 AM

Extremely drunk driver arrested in Chaska

The driver was more than four times the legal limit.

Screen Shot 2022-11-25 at 8.21.21 AM

Stillwater police looking for suspect who stole vehicle with 1-year-old inside

The suspect abandoned the vehicle with the child still inside just 5 minutes after the theft.

Screen Shot 2022-11-23 at 5.01.34 PM

Suspected Bloomington restaurant killer arrested in Oklahoma

The 47-year-old Texas man was arrested around 12:30 a.m. Thursday.

Screen Shot 2022-11-24 at 9.16.39 AM

Minnetonka woman, 23, ID'd as victim killed in Minneapolis crash

The fatal crash happened near the Minneapolis Convention Center on Nov. 21.

canada-goose-g304751a8f_1280

More than 100 geese, ducks found dead on partially frozen MN lake

The discovery was made in Waseca at the weekend.

e-bike

After losing sponsor, advocates fear Minneapolis' Nice Ride could shut down

They are calling on the city to provide financial support till a new sponsor is found.

Screen Shot 2022-11-23 at 3.32.46 PM

Colleen Lindstrom announces departure from MyTalk radio show

Lindstrom's last broadcast on the long-running show will be Dec. 9.

Related