Best Buy's aging core customers 'will die out,' Wall Street analysts say in bleak warning

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Best Buy's aging core customers 'will die out,' Wall Street analysts say in bleak warning
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Best Buy is making a massive best on the aging population of the US with a suite of health services and devices.

Best Buy revealed this week that it's making a massive bet on the aging population of the US with a suite of health services and devices. Wedbush analysts warned Thursday that Best Buy's aging customers"will die out" and younger consumers will likely shop elsewhere. "Over the long run, we think that Best Buy's core customer will die out, only to be replaced by tech-savvy younger customers who have a lifetime of training to shop online," Wedbush analysts wrote.

Best Buy revealed this week that it's making a massive bet on the aging population of the US with a suite of health services and devices. Wedbush analysts warned Thursday that Best Buy's aging customers"will die out" and younger consumers will likely shop elsewhere. "Over the long run, we think that Best Buy's core customer will die out, only to be replaced by tech-savvy younger customers who have a lifetime of training to shop online," Wedbush analysts wrote.

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