Best Buy Co., Inc.
News and overview for Best Buy Co., Inc.
Walmart initiates DVD price war
Arizona Republic (Phoenix), The | 16 days 9 hours 1 minute ago
Walmart initiates DVD price war, Walmart Stores Inc. started another price war Thursday, trimming the online preorder prices of some coming DVDs following its price cut on books last month.
DVDs are latest weapon in Walmart.com price war
Tennessean (Nashville), The | 16 days 3 hours 8 minutes ago
NEW YORK First it was books. Now it's DVDs. Wal-Mart Stores Inc.
Walmart, Amazon price war expands to DVDs
Tampa Tribune (Fla.), The | 16 days 11 hours ago
First it was books. Now it's DVDs.
Deja vu: Wal-Mart, Amazon, Target in DVD price war
Star Tribune (Minneapolis-St. Paul, Minn.) | 15 days 16 hours 9 minutes ago
NEW YORK - First it was books. Now it's DVDs. Wal-Mart Stores Inc.
DVD price war follows book battle
Oakland Tribune (Calif.), The | 16 days 14 hours 45 minutes ago
NEW YORK First it was books. Now it's DVDs. WalMart Stores Inc. started another price war Thursday, trimming the online preorder prices of some upcoming DVDs following its price cut on books last month. And, once again, competitors Amazon.com and Target scrambled to match the prices.
Wal-Mart ups ante in price war: DVDs
St. Louis Post-Dispatch | 16 days 8 hours 18 minutes ago
First it was books. Now it's DVDs.
DVD prices drop at online giants in new retail war
Boston Globe, The | 16 days 6 hours 4 minutes ago
Wal-Mart movies below $10; Target, Amazon fight back on their websites
Blu-ray Player Makers Embrace Online Movie Delivery
Wall Street Journal, The | 20 days 9 hours 7 minutes ago
Some of the biggest companies backing the Blu-ray format for high-definition movies are hedging their bets by introducing players that can also show Internet video, which is making surprising inroads in the home-entertainment market.
Bells jingle for some retailers
St. Louis Post-Dispatch | 6 days 21 hours 15 minutes ago
andrew leckey 11/15/2009 A holiday season of high unemployment and nervous consumers would seem to dictate coal in the stockings of all retailers and their shareholders, yet some have reason to be jolly.
STOCKS NEWS US-Markets open higher on energy, retail sales data
Forbes | 6 days 21 hours 13 minutes ago
Stocks on the move Real-time Equity news U.S. stock market report 0940 EST 16Nov2009-Markets open higher on energy, retail sales data ------------------------------------------------------------------------------
Best Buy nudges customers away from DVD aisles in new partnership with CinemaNow -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 20 days 5 hours 53 minutes ago
SAN FRANCISCO (AP) — Best Buy Co. is trying to nudge consumers away from its stores' DVD aisles by making it easier for them to rent and buy movies over high-speed Internet connections.
Best Buy selling fitness equipment including pedometers, treadmills in 40 US stores -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 12 days 7 hours 17 minutes ago
NEW YORK (AP) — Best Buy Co. wants to get your pulse racing over more than the hottest new laptops and TVs. Starting Wednesday the electronics chain will sell health and fitness equipment in 40 stores across the U.S.
Best Buy selling fitness equipment including pedometers, treadmills in 40 US stores
Orlando Sentinel (Fla.) | 12 days 7 hours 3 minutes ago
NEW YORK (AP) — Best Buy Co. wants to get your pulse racing over more than the hottest new laptops and TVs. Starting Wednesday the electronics chain will sell health and fitness equipment in 40 stores across the U.S.
Some retailers see benefit from cost cutting -Barron's
Reuters | 7 days 14 hours 10 minutes ago
NEW YORK, Nov 15 (Reuters) - Some retailers could report a surprising uptick in profits over the holiday season after cutting costs and trimming inventories to better benefit from the holiday sales boost, Barron's said on Sunday.
RadioShack Reports Weaker Profit, Sales
Wall Street Journal, The | 28 days 1 hour 5 minutes ago
RadioShack Corp.'s third-quarter earnings fell 24%, but the electronics retailer noted signs of economic stabilization late in the quarter.
Sign up for CEA SmartBrief
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 |