Best Buy Co., Inc.

News and overview for Best Buy Co., Inc.

Best Buy int'l head to go, but expansion to go on
Forbes | 11 days 13 hours 56 minutes ago
* Best Buy's int'l chief Robert Willett to retire * Company does not plan to name successorArticle Controlsemail


Best Buy, Sonic team up on digital movie delivery
Investor's Business Daily | 19 days 16 hours 47 minutes ago
SAN FRANCISCO (MarketWatch) - The delivering of digital movies and other content directly to a person's living room took another step toward becoming commonplace Tuesday when Best Buy Co. Inc. said it would partner with Sonic Solutions Inc. on a new digital delivery service.


Best Buy, Sonic plan movie download service
Hollywood Reporter, The | 19 days 19 hours 25 minutes ago
System based on Sonic Solutions' Roxio CinemaNow service


BRIEF-Soros Fund Management takes share stakes in Blackrock, Capital One, Coca Cola
Forbes | 6 days 10 hours 38 minutes ago
Nov 16 (Reuters) - Soros Fund Management Llc: * Ups share stake in AT&T Inc to 4.2 million shares as of September 30 - SEC filing * Ups share stake in AutoZone Inc


Best Buy's international chief retiring
Star Tribune (Minneapolis-St. Paul, Minn.) | 11 days 6 hours 49 minutes ago
Robert Willett is leaving as the company pursues overseas expansion.


Best Buy's international CEO to retire
Forbes | 11 days 15 hours 51 minutes ago
* Best Buy's Robert Willett to retire as of Dec. 31 * Company does not plan to name successorArticle Controlsemail


Best Buy Launches In-Store Club Beats Destination
Display & Design Ideas | 12 days 17 hours 34 minutes ago
Best Buy Launches In-Store ‘Club Beats’ Destination New area aimed to promote DJ-focused offeringsNovember 10, 2009


BRIEF-RESEARCH ALERT-UBS starts AutoZone, 8 others
Forbes | 19 days 17 hours 2 minutes ago
Nov 3 (Reuters) - : * UBS starts Advance Auto Parts AutoZone with buy ratings * UBS starts Bed Bath & Beyond Inc Best BUY Co Inc with buy ratings * UBS starts Home Depot Inc Lowe's Companies with buy ratings


Defense witness: Petters managed at '30,000-foot level'
American City Business Journals | 5 days 41 minutes ago
To follow the Business Journal's day-by-day coverage of the Tom Petters trial, click here.


Stock spotlight
Star Tribune (Minneapolis-St. Paul, Minn.) | 13 days 5 hours 45 minutes ago
Best Buy Co. Inc. +$1.54 $41.78 Retailers posted big gains in Monday's stock market advance, as investors bet that consumers will spend more as the economy recovers and the holidays approach.


Defenders call Petters 'dynamic,' but disorganized
American City Business Journals | 5 days 40 minutes ago
Tom Petters' defense team called its first witnesses on Monday, portraying Petters as a legitimate businessman who worked too hard and was unaware of the fraud taking place within his company.


BRIEF-Best Buy says CEO to retire
Forbes | 11 days 20 hours 13 minutes ago
Nov 11 (Reuters) - Best BUY Co Inc: * Announces retirement of international leader Article Controlsemail


UPDATE 1-Best Buy's international CEO to retire
Forbes | 11 days 20 hours 13 minutes ago
CHICAGO, Nov 11 (Reuters) - Best Buy Co Inc said on Wednesday that international chief executive Robert Willett plans to retire at the end of the year and the electronics retailer does not plan to name a successor.


Best Buy to sell kid-tracking GPS
American City Business Journals | 29 days 10 hours 47 minutes ago
Best Buy Co. Inc. will sell a GPS device that parents can use to track their child’s location.


Best Buy to Launch $249 Acer Notebook Wednesday - Reviews by PC Magazine
PC Magazine | 5 days 17 hours 48 minutes ago
Get ready. Best Buy is gearing up to sell its lowest-advertised-priced laptop ever. The exact model will be revealed tomorrow, but we do know that it will be a $249.99 Acer laptop, and that it will have an Intel Celeron 900 CPU, 2GB of memory, and a 160GB hard drive.





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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 more than 3,900 stores throughout North America, Europe, China, and now Mexico, mostly under the Best Buy and The Phone House banners. Best Buy stores sell 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. Averaging about 40,000 sq. ft., the big box stores are located in 49 states, Puerto Rico, and all Canadian provinces. While the US accounts for about 75% of the company's sales, it's growing quickly overseas.


Key Numbers

Sales in U.S. Dollars (mil.) 45,015 (2009)
One-year % Growth in Sales 12.5 (2009)
Net Income in U.S. Dollars (mil.) 1,003 (2009)
One-year % Growth in Net Income -28.7 (2009)
Number of Employees 155,000 (2009)
One-year % Growth in Number of Employees 3.3 (2009)
Fiscal Year-End March