What happened Best Buy (NYSE: BBY) stock underperformed the market last month. Shares fell 30% compared to a 12.5% drop in the S&P 500, according to data provided by S&P Global Market Intelligence. That slump added to significant declines so far in 2020, with the stock down 37% though early April. Image source: Getty Images. So what Its position as a consumer-facing retailing business didn't help Best Buy during the aggressive social-distancing efforts that swept through Europe and North America last month. Investors fled most stocks in the industry on fears of a dramatic sales decline in the wake of COVID-19's spread. In fact, Best Buy effectively closed its stores to shoppers, choosing to move to a pickup-only selling model for the time being. Now what CEO Corie Barry and her team said on March 21 that sales were running "ahead of plan" through mid-March. But the shift in operating posture still convinced management to withdraw its fiscal year guidance while moving to preserve capital, including by fully drawing down its $1.25 billion revolving credit line. That initiative gives the retailer plenty of flexibility to weather any temporary growth slowdown. But it isn't yet clear exactly how deep that economic slump will be, or when Best Buy will reopen its stores. 10 stocks we like better than Best BuyWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Best Buy wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of March 18, 2020 Demitrios Kalogeropoulos has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source