Best Buy, originally Sound of Music, has evolved into the largest consumer-electronics retailer. The rise of online shopping hit brick-and-mortar stores hard, especially consumer electronics retailers. Best Buy reported a 1.6% growth in comparable sales, driven by new technology innovation and strong vendor partnerships. Online purchases accounted for 33% of domestic sales, with 45% picked up in stores. Despite positive earnings, shares are down 14% this year. Analysts have mixed opinions, with Bank of America cutting price target and Wedbush increasing theirs. Concerns remain about the impact of tariffs and pricing on consumer spending.

Read more at Yahoo Finance: Best Buy Q2 beats estimates, warns of tariff impact; buyers ‘thoughtful’ on costly items