UPI News October 1, 2019
Within days of one another, three major retailers — Best Buy, Walmart and Amazon — announced new moves into the $3.5 trillion healthcare marketplace.
With the current U.S. population comprising more than 50 million Americans over 65, retailers are scrambling to get ahead of what they perceive to be a coming onslaught of health-related consumer demand.
“We’re looking at a population that is aging incredibly rapidly. It’s massive,” Best Buy CEO Corie Barry announced last week. “People expect to age in their own homes.”
With Best Buy’s established role as a retailer of home electronics, Barry sees home health-related electronic devices as a key sector of expansion for the future.
The company spent more the $800 million in 2018 to...
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