Nearly a decade after closing post its first attempt, Best Buy is returning to the U.S. online marketplace this year! With plans to launch a curated third-party marketplace by mid-2025, the retailer aims to expand its digital footprint while offering a wider range of products beyond electronics, creating new opportunities for online sellers.

What’s New in Best Buy’s Marketplace?

Unlike its previous marketplace, Best Buy’s new approach is strategic and data-driven, taking cues from its successful Canadian counterpart. The retailer is focusing on complementary and adjacent product categories, such as:

  • Health & wellness products
  • Phone accessories
  • Home theater add-ons

This shift reflects changing consumer behavior, with more shoppers preferring digital browsing and deeper product catalogs, making it an attractive space for third-party sellers.

Why Sellers Should Take Note

With 200 million customers, 10 billion annual site visits, and 1 million weekly online transactions, Best Buy’s marketplace provides significant exposure for brands and sellers looking to reach consumers.
Additionally, Best Buy is investing in seller support features to ensure a seamless selling experience:

  • Vetting Process – Only approved sellers can join, ensuring quality and trust.
  • In-Store Returns – Customers can return third-party purchases at Best Buy locations.
  • Fulfillment-as-a-Service (Future) – Logistics support to streamline seller operations.

The Financial Outlook

Despite initial investments and potential impact on first-party product sales, Best Buy expects its marketplace to drive profitability by the fiscal year 2026. The initiative is also projected to enhance Best Buy Ads and other revenue streams, providing long-term growth potential.

Final Thoughts

For sellers, Best Buy’s marketplace presents a fresh opportunity to tap into a trusted platform with a massive customer base. As the launch approaches, staying informed and preparing for onboarding will be key to gaining a competitive edge.

Discover CedCommerce’s integrations for Best Buy, for Shopify, WooCommerce, and Adobe Commerce to take advantage of this opportunity.

Stay tuned for updates on Best Buy’s marketplace launch and its implications for your eCommerce strategy!

Source: Digital Commerce 360

Tags:
best buy Best Buy Canada best buy marketplace seller best buy US