6 Questions
What is the reason for Best Buy's recent layoffs?
A decrease in consumer electronics sales and an increase in online shopping
What is the reason behind Best Buy's decision to lay off store workers?
The company is experiencing a surge in online sales and a decline in consumer electronics sales.
What is Best Buy's plan for the future?
To invest in growing areas, such as its Totaltech membership program and health business
What did Best Buy say in its statement regarding the layoffs?
It is evolving its stores and experiences to reflect changes in customer shopping behavior.
What percentage of Best Buy's U.S. sales came from its online business in the fiscal year that ended in late January 2021?
33%
Which news outlet first reported the layoffs at Best Buy?
The Wall Street Journal
Study Notes
"Is Online Shopping Taking Over? Test Your Knowledge on the Shift in Consumer Behavior and Best Buy's Layoffs" - Take this quiz to see how much you know about the rise of online shopping and its impact on traditional brick-and-mortar stores like Best Buy. Learn about the factors contributing to the shift in consumer behavior and the challenges faced by retailers. Test your knowledge now!
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