Best Buy’s (BBY) amazing turnaround keeps gaining momentum.
One change has been especially instrumental in saving Best Buy, according to a recent note by analysts at Piper Jaffray (PJC).
Best Buy is executing “space optimization,” according to the analysts.
In other words, Best Buy is replacing “10% of big box stores previously allocated to physical media with more profitable products.”
These profitable businesses replace stale, outdated merchandise at Best Buy, and attract more customers.
Best Buy will see massive profits from space organization over the next two years, according to the Piper Jaffray note.