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Fortune
Fortune
Paige Hagy

Best Buy CEO Corie Barry says we're in the 'funflation' economy with $1,000 Taylor Swift tickets—and it's why sales are worse than expected

Taylor Swift Best Buy Corie Barry Ed Bastian
Best Buy CEO Corie Barry on stage at Fortune's Most Powerful Women Summit (Credit: Stuart Isett/Fortune)

Forget inflation. Best Buy’s CEO says we’re living in a "funflation" economy—and it’s hurting her business.

“‘Funflation,’ Taylor Swift…those experiences are really where people are willing to pay,” Corie Barry said at Fortune’s Most Powerful Women Summit in Dana Point, Calif., adding that this “means the bigger ticket items in electronics are not right now where people are interested.”

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