Best Buy suspends relationship with Care.com - Kogonuso

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Apr 2, 2019

Best Buy suspends relationship with Care.com

Electronics retailer Best Buy Co Inc on Tuesday said it had suspended its relationship with online child-care marketplace operator Care.com Inc.
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Electronics retailer Best Buy Co Inc on Tuesday said it had suspended its relationship with online child-care marketplace operator Care.com Inc.

"We have suspended our relationship with Care.com as we do a thorough review of both the program and the company," Best Buy spokesman Jeff Shelman said in a statement. "We remain committed to providing affordable back-up childcare to our employees."

A spokesman for Care.com did not immediately return a message seeking comment.

Care.com shares were last down 9.5 percent in heavy-volume trading. The development between the companies was reported earlier in a research note from Wall Street firm BTIG, which lowered its rating on Care.com as a result.

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