Here’s What Best Buy Plans To Do In FY 2016

CEO Hubert Joly attributed the topline growth and margin improvements seen during the year to their investments in inventory availability, multi-channel execution and a more targeted marketing approach. However, industry and economic pressures that were seen in FY 2015 are expected to continue into the next fiscal year, which makes investments in delivery and cost control imperative for the company. In this regard, it announced a series of initiatives and also noted that these incremental investments will likely have a negative impact on margins during the first half of FY 2016.