Best Buy Co., Inc.

News and overview for Best Buy Co., Inc.

Target taps RadioShack to run cell-phone depts.
American City Business Journals | 21 days 8 hours 9 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 10 hours 26 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.


Retail centers Shops at Stone Park, Bella Terra create positive spark in down year
American City Business Journals | 29 days 11 hours 23 minutes ago
With retail construction at a near-standstill, two of the only local power retail centers to make it off the drawing boards this year seem to be off to a strong start.


UPDATE 1-Hhgregg Q2 tops market estimates
Reuters | 19 days 4 hours 13 minutes ago
Nov 5 (Reuters) - Regional electronics and appliance retailer hhgregg Inc (HGG.N) posted better-than-expected quarterly results, aided by slightly lower operating expenses and improving sales trends.


Why Best Buy Is Roaring Into the Electric-Bike Market | Fast Company
Fast Company | 41 days 5 hours 16 minutes ago
Best Buy's Kal Patel, 45, and Rick Rommel, 49, are expanding the idea of consumer electronics by exploring home energy and green personal transportation. First up is the $12,000 Brammo Enertia electric bike, which the company will debut nationally by year's end. Best Buy also sponsored Brammo's team in the TTXGP electric-bike race on the Isle of Man.


EPA SmartWay Transport Program Announces Winners
IndustryWeek | 43 days 13 hours 31 minutes ago
Awards recognize freight industry leaders that have made significant contributions to protecting the environment


Cramer Goes One-on-One With Costco CEO
CNBC | 11 days 15 hours 48 minutes ago
Costco has been “on a tear,” Cramer said during Thursday’s Mad Money.


Wal-Mart Wireless Expands
Wall Street Journal, The | 40 days 13 hours 16 minutes ago
Wal-Mart Stores Inc. on Wednesday said it would expand Tracfone Wireless Inc.'s inexpensive Straight Talk cellphone service nationally, in another illustration of the pricing decline at the low end of the wireless industry.


Wal-Mart to Expand Low-Cost Cellphone Service
Wall Street Journal, The | 40 days 23 hours 56 minutes ago
Wal-Mart Stores Inc. on Wednesday said it would expand Tracfone Wireless Inc.'s ultracheap Straight Talk cellphone service nationally, in another illustration of the pricing decline at the low end of the wireless industry.


Bazaarvoice makes its seventh move in four years
Internet Retailer | 41 days 20 hours 42 minutes ago
Bazaarvoice makes its seventh move in four years For the seventh time in four years, Bazaarvoice Inc., provider of customer review technology to online retailers, has moved to bigger office space. The company has taken 51,000 square feet, double its former space, in Austin, TX. The new space features a game room, two coffee bars, an open floor plan and uses recycled material in the flooring and tiled backsplashes and recycled glass in the bar and ...


Carphone Warehouse Demerger On Track; Reiterates FY Guidance
Wall Street Journal, The | 47 days 10 hours 23 minutes ago
Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. mobile retailer and broadband provider Carphone Warehouse PLC (CPW.LN) said it is increasingly confident of completing a demerger by March 2010 as the company reiterated full year guidance and reported better-than-expected performance in both its businesses.


Delta to pull out of St. Cloud airport
Star Tribune (Minneapolis-St. Paul, Minn.) | 32 days 16 hours 15 minutes ago
Delta Air Lines says it is pulling out of St. Cloud Regional Airport.


Advance Auto revs up online sales
American City Business Journals | 42 days 21 hours 23 minutes ago
Advance Auto Parts Inc. has launched its own e-commerce Web site, allowing the company to sell parts online for the first time in roughly eight months.


Carphone Warehouse demerger on track, repeats full-year view
Total Telecom Magazine (U.K.) | 47 days 7 hours 19 minutes ago
U.K. retailer and service provider aims to complete demerger of Best Buy Europe from TalkTalk by end-March.


Unseasonably cool job market
Star Tribune (Minneapolis-St. Paul, Minn.) | 14 days 23 hours 52 minutes ago
Retail positions for the holidays will be hard to come by this year. As companies scale back on hiring while the number of jobless Minnesotans soars, the competition will be fierce.





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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