Best Buy Invites Competitors To Its Online Marketplace
Best Buy launches its online marketplace, allowing e-retailers to list and sell items that aren't available on its current site.
Best Buy is allowing other e-retailers to list and sell items on its site after launching the online marketplace. However, sellers are not allowed to list any products that Best Buy online is currently stocking. In return, Best Buy will receive a cut of sales processed and charge a flat monthly listing fee. This might still be worth it for small to medium sized e-retailers to gain exposure to a larger audience. According to reports, Best Buy is the No. 11 Internet Retailer and receives nearly 15 million unique visitors a year to its site.