- Best Buy has struck a deal to sell devices and handle installation for a program that allows patients to get hospital care at home.
- The consumer electronics retailer is expanding its health-care business as sales of other consumer electronics slow.
- CEO Corie Barry said on an earnings call that Best Buy expects sales in its health division will grow faster than the rest of the business this fiscal year.
Best Buy, like retailers including Walmart and Target, has seen consumers buy fewer big-ticket and discretionary items as they pay more for food and housing. Many consumers also bought or upgraded their laptops, smartphones, kitchen appliances and other similar products during the early years of the pandemic.
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