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Best Buy: Coronavirus (COVID-19) Company Impact

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    Company Profile

  • 20 Pages
  • May 2020
  • GlobalData
  • Best Buy
  • ID: 5055440
1h Free Analyst Time
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Best Buy: Coronavirus (COVID-19) Company impact


The coronavirus (COVID-19) company impact report analyses how the pandemic will impact Best Buy's performance.

Best Buy’s group sales are forecast to decline by 2.7% in 2020, driven by the closure of its store portfolio in the height of the COVID 19 pandemic.

Best Buy’s response to the pandemic has been strong, with the retailer placing a focus not just on sales but on its customers and staff.

  • Geographically , Best Buy is exposed to the difficulties caused by the COVID-19 pandemic due to its reliance on North America which has been the region most affected by the virus.
  • With Best Buy now beginning to open some of its stores, with an online scheduling process in place and strict guidelines, Best Buy will be able to entice some spend through its branches over the coming months.
  • Best Buy has partnered with two Minnesota organizations to provide Chromebooks and laptops to teens in need to help ensure they can continue their studies at home.

Reasons to Buy
  • Use our revised 2020 forecast for Best Buy to understand how the COVID-19 pandemic will impact its performance this year.
  • Use our charts to review how Best Buy's sales are split by region globally and how these regions have been impacted by COVID-19.
  • Use our in-depth analysis to review how Best Buy has responded to COVID-19 and how this will affect its performance.

Table of Contents

Executive Summary
  • Best Buy's exposure to COVID-19
  • Best Buy's operational responses to COVID-19
  • Key findings
  • Key conclusions
  • Geographic spread analysis - COVID 19 vs Best Buy Group Sales
  • Global & regional impact
  • COVID-19 global impact score for Best Buy versus competitors
  • Revised 2020 revenue forecast
  • Brand sales by region vs regional impact levels
  • Company reaction
  • Store closures
  • Supporting staff
  • Supporting communities

  • Methodology

List of Figures
  • Spread of COVID-19- confirmed cases, number in treatment, recoveries and deaths.
  • Countries/ regions affected by COVID-19
  • Spread of Best Buy group sales and stores in 2019
  • COVID-19 global impact score for Best Buy versus competitors
  • Best Buy global revenue and year on year growth 2015-2020

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Best Buy
  • Microsoft
  • ERI
  • Amazon
  • Wal-Mart
  • JD.com
  • Casino Guichard- Perrachon SA
  • Apple
  • Ceconomy
  • Target
  • Lowe's