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Expand chart
Data: FactSet; Chart: Axios Visuals

One company bucking the woeful news from the world of retail is Best Buy, which saw its stock price hit a record high Monday.

What's happening: Last week Best Buy announced that sales have increased from last year despite the coronavirus pandemic. It also has promised permanent wage increases for employees.

  • The retail chain said that sales in the second quarter rose 2.5% from the same period in 2019, and have risen 15% since stores began reopening June 15, per MarketWatch.

Between the lines: Best Buy managed to hang onto its sales numbers through appointment-only visits that held visit rates at around 40% of normal levels in the early stages of the recovery, notes foot traffic analysis firm Placer.ai.

  • Placer.ai analysts argue "the best might still be on the horizon with a critical back-to-school season dovetailing with a rise in the value and importance of the home office."
  • "Even the potential for college students to be working remotely could drive an increase in the need for at-home technologies."

Go deeper

Updated Oct 30, 2020 - Economy & Business

Walmart reverses decision to pull guns, ammunition from U.S. stores

Photo: Blake Nissen/The Boston Globe via Getty Images

Walmart announced it will be returning guns and ammunition to sales floors one day after the company said it would remove all firearm displays from its 4,700 U.S. stores to prevent theft amid social unrest.

What they're saying: A Walmart spokesperson told Axios the retailer reversed the decision because the most recent looting incidents "have remained geographically isolated."

2 hours ago - World

Map: A look at world population density in 3D

This fascinating map is made by Alasdair Rae of Sheffield, England, a former professor of urban studies who is the founder of Automatic Knowledge. It shows world population density in 3D.

Details: "No land is shown on the map, only the locations where people actually live. ... The higher the spike, the more people live in an area. Where there are no spikes, there are no people (e.g. you can clearly identify ... the Sahara Desert)."

Biden's Day 1 challenges: The immigration reset

Illustration: Aïda Amer/Axios

President-elect Biden has an aggressive Day 1 immigration agenda that relies heavily on executive actions to undo President Trump's crackdown.

Why it matters: It's not that easy. Trump issued more than 400 executive actions on immigration. Advocates are fired up. The Supreme Court could threaten the Deferred Action for Childhood Arrivals (DACA) program, and experts warn there could be another surge at the border.