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Pro Analysis

Breakingviews: Best Buy is surviving Amazon's threat

An employee carries a Hoover vacuum at a Best Buy store in San Francisco.
David Paul Morris | Bloomberg | Getty Images
An employee carries a Hoover vacuum at a Best Buy store in San Francisco.

Best Buy is managing to turn its showroom into a business. The $13 billion U.S. electronics and appliance retailer's second-quarter results were nearly a mirror image of a year ago, buffed by share buybacks. Underneath the hood, however, the company's share of online sales is steadily growing. Amazon.com is still an existential threat, but Best Buy is figuring out how to hold its own.