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Best Buy Bridges The Online Gap

Where brick-and-mortar stores were once considered a liability, a Moody’s Investor Service report shows that big-box chains including Best Buy, Walmart and Target are successfully competing online partly because of their retail real estate.

“Online sales will account for over 20% of total retail sales in seven years (more than double the 9% they represent today) as brick and mortar merchants focus more resources on the digital channel, according to a report published Thursday by Moody’s Investor Service.”