To its credit, Best Buy Co. Inc. (NYSE: BBY) stock has held together well despite the pressures brick-and-mortar stores face contending with a consumer shift to e-tailers like Amazon.com Inc. (Nasdaq: AMZN).
It has certainly fared better than Circuit City, which liquidated in 2009. And, of course RadioShack Corp. (OTCMKTS: RSHCQ), which delisted from the New York stock exchange and declared bankruptcy in February.
"Brick-and-mortar stores are going to continue to struggle to find ways to compete," Money Morning Technical Trading Strategist D.R. Barton said. "However, with that being said, Best Buy has probably done better than anyone."