Best Buy Co., Inc.

News and overview for Best Buy Co., Inc.

CompUSA charges back into Houston
American City Business Journals | 22 days 2 hours 35 minutes ago
CompUSA is re-entering the Houston market with a brand-new store after filing bankruptcy in 2007 and closing all of its Houston locations.


La Senza sharpens its focus
Globe and Mail (Toronto), The | 24 days 9 hours 34 minutes ago
It's known for bras and panties, but over the past couple of years, Canada's largest lingerie chain decided to give its customers more choice – too much choice, it turned out.


UPDATE 1-Microsoft launches Windows 7, eyes PC sales rebound
Forbes | 32 days 14 hours 6 minutes ago
By Bill Rigby NEW YORK, Oct 22 (Reuters) - Microsoft Corp ( MSFT - news - people ) launched Windows 7 on Thursday, its most important release in more than a decade, aiming to win back customers disappointed by Vista and strengthen its grip on the PC market.


Lenexa-based Bats Exchange Inc. is a new way of gauging Wall Street
Kansas City Star (Mo.), The | 24 days 2 hours 57 minutes ago
A Lenexa company has a new answer to the question “How’d the market do today?”


Early Holiday Spending Suggests Strong Season for TVs, Videogames
Wall Street Journal, The | 3 hours 46 minutes ago
Consumers are generally cautious heading into the critical holiday shopping season, with preseason trends suggesting that electronics sales may be solid while sales of apparel, particularly women's styles, could get pummeled.


Disney's Retail Revamp
CNBC | 41 days 13 hours 18 minutes ago
Disney [DIS Loading... () ] is taking inspiration from its board member Steve Jobs, whose Apple [AAPL Loading... () ]stores have thrived despite the downturn in consumer spending. With some help from Apple retail strategist and Disney Imagineers, The Magic Kingdom is launching a complete over-haul of its stores, building on the Apple model: retail as immersive shrine to the brand. For Disney that means creating an entertainment experience with areas of the store devoted to d...


UPDATE 2-Microsoft launches Windows 7, eyes PC sales rebound
Forbes | 32 days 8 hours 47 minutes ago
By Bill Rigby NEW YORK, Oct 22 (Reuters) - Microsoft Corp ( MSFT - news - people ) launched Windows 7 on Thursday, its most important release in more than a decade, aiming to win back customers disappointed by Vista and strengthen its grip on the PC market.


Microsoft launches Windows 7, eyes PC sales rebound
Reuters | 32 days 4 hours 21 minutes ago
NEW YORK (Reuters) - Microsoft Corp launched Windows 7 on Thursday, its most important release in more than a decade, aiming to win back customers disappointed by Vista and strengthen its grip on the PC market.


BUSINESS NOVEMBER 25, 2009 Early Holiday Spending Suggests Strong Season for TVs, Videogames
Barron's (subscription required) | 3 hours 30 minutes ago
Consumers are generally cautious heading into the critical holiday shopping season, with preseason trends suggesting that electronics sales may be solid while sales of apparel, particularly women's styles, could get pummeled.


Best Buy and Netflix partner to stream movies to TVs on the Internet
Internet Retailer | 32 days 12 hours 36 minutes ago
Best Buy and Netflix partner to stream movies to TVs on the Internet Best Buy Co. and Netflix Inc. have taken a step to bridge the gap between Internet and television. Best Buy is now selling online and in stores exclusive, Insignia-branded Blu-ray disc players that enable Netflix members to stream movie and program picks over the web to their televisions. Netflix members who are on an unlimited plan can watch movies and other programming on the Insi...


Online video store coming from Best Buy, Sonic Solutions
American City Business Journals | 20 days 14 hours 33 minutes ago
Best Buy Co. said Tuesday it will soon offer an online movie store that will compete with Apple Inc.


Best Buy, Sonic team up on digital-movie delivery
Investor's Business Daily | 20 days 10 hours 37 minutes ago
SAN FRANCISCO (MarketWatch) -- In a deal aimed at making digital delivery of media to the living room more commonplace, Best Buy Co. and Sonic Solutions Inc. said Tuesday that they would partner on a new digital-media delivery service.


The Korea Herald : The Nation's No.1 English Newspaper
Korea Herald (Seoul), The | 5 days 11 minutes ago
Buyers from about 100 global firms are participating in a fair at the COEX in Seoul to purchase products made by local small and medium-sized enterprises.


Seven Summits Research Releases Comments on FedEx, Palm, Best Buy, Monsanto and Delta Air Lines [Press Release]
PRNewswire | 70 days 19 hours 30 minutes ago
...Research Releases Comments on FedEx, Palm, Best Buy, Monsanto and Delta Air Lines PRNewswire...Stocks To Watch Guide: FedEx Corp. , Palm Inc. , Best Buy Company , Monsanto Co. and Delta Air Lines Inc. . "Our Stocks To Watch Guide goes above...


Retailers Told by OSHA to Control Black Friday Crowds
Salt Lake Tribune (Utah), The | 4 days 6 hours 52 minutes ago
Safety - Last year, a Walmart employee was killed by excited shoppers.





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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