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Best Buy and Walmart bet on health services

Major US retailers including Best Buy o walmartestanhave increased their offerings of healthcare and health-related products as Americans increase their distrust about inflation.

According to reports the news agency Reuterselectronics retailer Best Buy has recently entered into a partnership with Atrium Healthpart of Advocate Healthone of the largest nonprofit hospital systems in the country, as announced Thursday by the CEO of Best Buy, Corie Sue Barry.

This same Thursday Walmart has announced plans to open 28 health centers Texas, Arizona and Missouri, bringing the national total to more than 75 locations

The partnership combines Atrium’s home hospitalization program with Best Buy’s technology services, he added. In parallel, this Thursday Walmart has announced plans to open 28 health centers Texas, Arizona y Missouribringing the national total to more than 75 locations.

The growing interest in health care among some of the nation’s largest retailers comes as American consumers are pulling back from discretionary purchases in the face of persistent inflation. The situation, in short, places retailers in front of a business fraught with challenges.

Best Buy’s comparable sales declined 9.3% over the past quarter, slightly above Wall Street expectations.

Best Buy’s chief financial officer, Matthew Bilunashas advanced that the continued growth of the company’s health services would contribute to the expansion of the gross profit rateeven when it anticipates a cooling in demand throughout 2023.

Best Buy’s comparable sales declined 9.3% over the past quarter, slightly above expectations from Wall Street. Demand for computers, home theaters, appliances and mobile phones was particularly weak, driven by higher consumer spending on essential items such as foods y combustible.

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