Best Buy Co., Inc.
News and overview for Best Buy Co., Inc.
UPDATE: Wal-Mart Expands Cheap No-Contract Wireless Offering
Wall Street Journal, The | 40 days 15 hours 58 minutes ago
(Updates throughout with analyst quotes, background) By Roger Cheng Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Wal-Mart Stores Inc. (WMT) said Wednesday that it would expand nationally Tracfone Wireless Inc.'s ultra-cheap Straight Talk cellphone service, in another illustration of the ratcheting down of pricing at the low end of the wireless industry.
Best Buy to Open First 24-Hour Store in NYC
Display & Design Ideas | 39 days 16 hours 4 minutes ago
Richfield, Minn.-based Best Buy Co. Inc. announced plans to open its first 24-hour retail location in New York's Union Square on Nov. 13. The 48,000-sq.-ft. store will be located on the corner of 14th Street and Fourth Avenue, and will be open each week from 8 a.m. on Monday, through midnight Saturday. On Sunday, the store will be open 10 a.m.-8 p.m. "The expanded hours will provide a much-needed resource for the downtown Manhattan community, including students from nearby universities and many
Fitch sees tepid retail recovery in 2010
Forbes | 7 days 7 hours 42 minutes ago
By Phil Wahba NEW YORK, Nov 16 (Reuters) - U.S. retailers will get a reprieve in 2010, but are not likely to see a robust recovery next year, with unemployment and consumer debt still high, according to a report by Fitch Ratings.
Defense witness: Petters managed at '30,000-foot level'
American City Business Journals | 6 days 9 hours 50 minutes ago
To follow the Business Journal's day-by-day coverage of the Tom Petters trial, click here.
Defenders call Petters 'dynamic,' but disorganized
American City Business Journals | 7 days 2 hours 1 minute 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.
Best Buy to open 24-hour store in NY
American City Business Journals | 40 days 9 hours 46 minutes ago
“The city that never sleeps” is getting the country’s first 24-hour Best Buy retail store.
Company news
Star Tribune (Minneapolis-St. Paul, Minn.) | 18 days 5 hours 4 minutes ago
DIVIDENDS C.H. Robinson Worldwide Inc., Eden Prairie, declared a regular quarterly cash dividend of 25 cents per share payable Jan.
Netflix 3Q Net Up 48% As Subscribers, Gross Margin Grow
Wall Street Journal, The | 28 days 13 hours 55 minutes ago
DOW JONES NEWSWIRES Netflix Inc.'s (NFLX) third-quarter earnings grew a better-than-expected 48% as subcriptions and gross margin both gained.
Tech stocks try to edge upward
Investor's Business Daily | 20 days 10 hours 49 minutes ago
SAN FRANCISCO (MarketWatch) -- Technology stocks showed signs of life in afternoon trading Tuesday, but the overall sector remained muted as the Federal Reserve began a two-day meeting on the U.S. economy.
BRIEF-Best Buy to sell Nokia netbook with AT&T network connection
Forbes | 41 days 15 hours 6 minutes ago
Oct 13 (Reuters) - Nokia: * Nokia oyj says AT&T Inc to sell nokia's netbook * Nokia oyj says Best BUY Co Inc will be exclusive retail partner for U.S. netbook sales
Tech stocks head into the red in early action
Investor's Business Daily | 20 days 14 hours 11 minutes ago
Tech stocks head into the red in early action
RadioShack tapped to run Target kiosks
American City Business Journals | 15 days 1 hour 59 minutes ago
RadioShack Corp. has signed an agreement to sell mobile phones at kiosks in Target Corp.
UPDATE: Netflix 3Q Net Up 48%; Subscribers, Gross Margin Grow
Wall Street Journal, The | 28 days 12 hours 53 minutes ago
(Updates throughout with details, share price, CEO comments.) DOW JONES NEWSWIRES Netflix Inc.'s (NFLX) third-quarter earnings grew a better-than-expected 48% as subscriptions and gross margin both gained.
Target taps RadioShack to run cell-phone depts.
American City Business Journals | 20 days 21 hours 47 minutes ago
Target Corp. is outsourcing the mobile-phone departments inside its stores to RadioShack Corp.
UPDATE: Carphone Warehouse Demerger On Track; Repeats FY View
Wall Street Journal, The | 47 days 4 minutes ago
(Adds detail.) By Kathy Sandler Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. mobile retailer and broadband provider Carphone Warehouse PLC (CPW.LN) Thursday said it is increasingly confident of completing a demerger by March 2010, as it reiterated full year guidance and reported better-than-expected performance in both of its businesses.
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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 |
