Best Buy last year has been struggling a lot, but then again, most retailers do.After Circuit City went bankrupt, it was believed that BBY would be next. However this year, its stock price has been actually growing quite steadily. Personally, I don't have optimistic views of brick-and-mortar retailers at all, because I've seen 4 retailers I've shopped at go bankrupt. Now with companies with Amazon becoming more and more prominent, I don't think companies like BBY would stand a chance, since it sells only electronic goods, which consumers can easily purchase online.
I'm thinking it's the anticipated release of the next gen. gaming consoles, since Gamestope (GME) has been growing quite steadily this year too, except GME started to go down in early Nov., around the time the gaming consoles were released. BBY is still pretty high right now, probably because it's the middle of the holidays, especially now since it's close to Christmas, people are getting some last minute shopping done and probably can't wait for delivery. Not to mention, BBY doesn't sell only games, so if you're going there to grab an Xbox One or PS4, you'll probably want to get something else too.
http://www.wallstreetoasis.com/forums/views-on-best-buy-bby
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