From the pandemic-low share prices in March of 2020, Best Buy (BBY) has made immense highs (over $140) and more recently fallen to under $100 per share. While this recent bearish behavior in price action comes largely from slowing growth figures, as shown in their Q3 report, it appears many investors are overlooking the value that will be added from the recently implemented Totaltech membership. Moving forward, Best Buy’s introduction of a paid subscription service looks to increase shareholder value by means of leveraging earlier growth from both online and physical retailers to increase customer retention.
