Listen: Chief Strategy Officer, Corey Berry And Amazon discussed on MarketFoolery
"Okay. Okay. Well, let's move on. Let's talk some best buy on Monday. Best buy announcing that CFO Corey berry will become CEO in June. Berry will be the first woman to serve as the best buy berry replaces who bears your Lee who will become executive chairman of the board. Now guys Joe Lee joined best buy in twenty twelve in his lead a bit of a turnaround eight straight quarters of same store sales growth a bit of a turnaround. I mean, the stock since the end of two thousand twelve is up six times in value. That's like annualized, and that's a that's a pretty significant tournament. I mean, not a lot of people expect including many of us. I think expected best buy to be able to make this turn push towards digital sales. I mean the. The Corey bury the CFO she's also a chief strategy officer. So she's been been pretty she's been there since the nine hundred nine so she's been pretty integral in this conversion towards using both their storefront as well as online presence to be able to have a resurgence in best buys business. And it certainly it's been great for shareholders over the last six years. Yeah. I was for sure one of those folks who said best buys days are behind it as best days. Their new strategy wasn't appealing to me. They were going to differentiate themselves based on customer service and in home service. And if you've ever been to a best buy the services, not great in my opinion, but they to to their credit have really done a nice job. And you know for a while there. They were just known as Amazon showroom and people said that that that's not a business model, but yet they managed to make it work. I use best buy this one down the street from my house in Silver Spring. And it's great that the order and pick up us whenever time I have to buy electron IX that's pretty much will go shopping. I okay. So going forward Ron you mentioned that showroom, and we. Yeah, we used to talk all the time about showrooming, and why are people going to buy best buy when they can buy on Amazon, and they can price shop and all that so going forward, you think there's room for both in Amazon and best buy and by that. I mean is there room for best buy to be a market beating stock for investors five and ten years out to I personally. Don't like buying electron IX online, I like to go and see the big, you know, whether it's TV or whatever it is ask"