Best Buy Co., Inc.

News and overview for Best Buy Co., Inc.

Refurbished iPhone 3G Now Available at Best Buy Mobile Nationwide [Press Release]
Business Wire | 1 day 9 hours 17 minutes ago
Best Buy Co., Inc. (NYSE: BBY) announced today that it is the first retailer to offer refreshed Apple iPhone 3Gs at store locations nationwide.


Best Buy Continues To Prepare For Difficult Economic Environment, Plans Significant Spending Reductions [Press Release]
Business Wire | 22 days 12 hours 20 minutes ago
Best Buy Co., Inc. (NYSE:BBY):


Best Buy selling used iPhones
Boston Globe, The | 16 hours 32 minutes ago
CHICAGO - Best Buy Co. Inc. will sell refurbished iPhones at hundreds of stores, the consumer electronics chain said yesterday.


Best Buy Announces Regular Quarterly Cash Dividend [Press Release]
Business Wire | 21 days 12 hours 20 minutes ago
The board of directors of Best Buy Co., Inc. (NYSE:BBY) has authorized payment of a regular quarterly cash dividend of 14 cents per common share. The quarterly dividend is payable on January 27, 2009, to shareholders of record as of the close of business on January 6, 2009. The company had 413,428,709 shares of common stock issued and outstanding as of November 28, 2008.


Weingarten Realty Announces Best Buy Has Signed a Lease for 30,000 Square Feet at Ridgeway Trace Shopping Center [Press Release]
Business Wire | 28 days 6 hours 28 minutes ago
Weingarten Realty (NYSE:WRI) announced today that Best Buy signed a 30,000-square-foot lease as a co-anchor, along with Target, at Ridgeway Trace Shopping Center in Memphis, Tennessee. Best Buy is a multi-national retailer of technology and entertainment products and services and is a leader in their category. The grand opening for Best Buy is scheduled for the spring of 2010.


3 Doors Down, Hinder Voice Support for @15 [Press Release]
Business Wire | 28 days 8 hours 36 minutes ago
Best Buy Co., Inc. (NYSE:BBY) today unveiled two new TSAs (“Teen Service Announcements”) featuring American rock artists 3 Doors Down and Hinder at www.at15.org. The groups, who recently co-headlined a multi-city summer tour, participated in the TSAs in support of @15, a new teen-led social change platform underwritten by Best Buy to give teens a voice and give them opportunities to direct the company’s philanthropy through the newly-created @15 Fund.


Zacks Earnings Preview: Best Buy Co., FedEx Corporation, Goldman Sachs, Lennar Corporation and Oracle Corporation [Press Release]
Business Wire | 23 days 8 hours 23 minutes ago
Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Best Buy Co, Inc. (NYSE: BBY) and Goldman Sachs Group, Inc. (NYSE: GS). To see more earnings analysis, visit http://at.zacks.com/?id=3207.


Movers roundup: Best Buy, BMC Software
Boston Globe, The | 22 hours 45 minutes ago
Among the stock activity stories for Tuesday, Jan. 6, from AP Financial News:


Vote for Your Favorite Young Social Entrepreneurs [Press Release]
Business Wire | 37 days 10 hours 58 minutes ago
Ashoka


Best Buy Wards Off Vampires Taking a Bite Out of Your Wallet [Press Release]
PRNewswire | 70 days 12 hours 50 minutes ago
...lurking in homes across the country. Best Buy Co., Inc. announced today that it will... CONTACT: Nissa French, Best Buy Corporate Public Relations...Martini, Manning Selvage& Lee for Best Buy Co., Inc., +1-212-468-3070, Dena...


Best Buy Employees Make the Difference for Customers this Season [Press Release]
Business Wire | 36 days 7 hours 43 minutes ago
Best Buy, the nation’s leading consumer electronics retailer, celebrates the commitment and expertise of its employees this season by putting them front and center in a series of inspiring holiday-themed ads. The “True Stories” campaign showcases the meaningful role Best Buy employees play in helping customers select and use technology and entertainment to achieve their holiday dreams.


Best Buy Launches Eighth Annual Toy Drive to Benefit Underprivileged Teens [Press Release]
Business Wire | 29 days 9 hours 36 minutes ago
Best Buy’s eighth annual Toys for Teens campaign is under way in an effort to make the holidays brighter for teenagers. For more than a decade Best Buy (NYSE: BBY) has supported the Marine Toys for Tots Foundation. Partnering with the U.S. Marine Corps in 2001, Best Buy created the Toys for Teens charitable program to address the needs of older children. To date, Best Buy, together with its partners and customers, has raised more than $3.8 million to benefit older children across the U.S.


Best Buy Helps Holiday Shoppers by Providing Value and Guidance [Press Release]
Business Wire | 30 days 5 hours 37 minutes ago
While more than three-quarters of Americans plan to budget the amount they spend this season according to a recent nationwide survey from Best Buy¹ (NYSE: BBY), shoppers are looking for more than price when purchasing consumer electronics. Nearly 80 percent of those surveyed said well-informed salespeople, as well as post-purchase support, were key in their decision making process.


www.ONN.tv Reports: Goldman Sachs (GS) Sees Volatility Jump on Earnings Bounce [Press Release]
Business Wire | 22 days 5 hours 35 minutes ago
Recorded live from the heart of the options universe in downtown Chicago, The Sidewinder Report is www.ONN.tv’s daily look at unusual options activity.


Wal-Mart to Start Selling iPhones
Wall Street Journal, The | 12 days 8 hours 7 minutes ago
Wal-Mart Stores Inc. said Friday it will begin selling Apple Inc.'s iPhone 3G on Sunday, but the cellphones will not be priced as low as some anticipated.Wal-Mart will offer the eight-gigabyte iPhone 3G for $197 and the 16 GB model for $297, or $2 less than the regular price. Prices are for phones with a new two-year service agreement with AT&T Inc. or with a qualified upgrade, the retailing giant said in a brief statement on its Web site.





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Company Overview


Company: Best Buy Co., Inc.
Industry: Consumer Electronics & Appliances Retail
Website: http://www.bestbuyinc.com

The biggest consumer electronics outlet in the US is also the best -- Best Buy, that is. The company operates a chain of about 1,300 stores in the US, Canada, and China offering a wide variety of electronic gadgets, movies, music, computers, and appliances. In addition to selling products, the stores offer installation and maintenance services, technical support, and subscriptions for cell phone and Internet services. Covering an average of about 40,000 sq. ft., the big box stores are located in 49 states and all Canadian provinces. In addition to the Best Buy brand, the company operates the Pacific Sales (about 20 stores in California) and Future Shop (130 stores in Canada) banners, among others.


Key Numbers

Sales in U.S. Dollars (mil.) 40,023 (2008)
One-year % Growth in Sales 11.4 (2008)
Net Income in U.S. Dollars (mil.) 1,407 (2008)
One-year % Growth in Net Income 2.2 (2008)
Number of Employees 150,000 (2008)
One-year % Growth in Number of Employees 7.1 (2008)
Fiscal Year-End March