

Best Buy has announced that it will officially throw its hat into the permanent price-matching ring, Reuters reported. Beginning on March 3, the electronics retailer will match online prices of competitors, with plans to also shorten its return policy, a company spokesperson said on Friday. Best Buy has struggled in the midst of its discount and online rivals, with many claiming that it's become a showroom for Amazon.com.

Best Buy has announced that it will officially throw its hat into the permanent price-matching ring, Reuters reported. Beginning on March 3, the electronics retailer will match online prices of competitors, with plans to also shorten its return policy, a company spokesperson said on Friday. Best Buy has struggled in the midst of its discount and online rivals, with many claiming that it's become a showroom for Amazon.com.

Last week, 9to5Google reported that it learned from an "extremely reliable source" that Google plans to open retail stores later this year. While Google hasn't confirmed the rumor and, in fact, as recently as December the company insisted that it had no plans to open retail outlets, there are indications, such as the Chrome mini stores that have launched at Best Buy's in the U.S. and Dixon's in the U.K., stand-alone storefronts are the next logical step in its go-to-market strategy.