Best Buy Co., Inc.
News and overview for Best Buy Co., Inc.
BUSINESS OCTOBER 26, 2009, 10:59 A.M. ET RadioShack Profit Falls, but Wireless Sales Show Strength
Barron's (subscription required) | 28 days 1 hour 43 minutes ago
RadioShack Corp.'s third-quarter earnings fell 24%, though stronger sales of netbooks and wireless-phone plans largely offset sales declines for television-signal converter boxes and laptops.
US Retailers Set To Post First Quarterly Gains In Two Years
Wall Street Journal, The | 12 days 2 hours 57 minutes ago
U.S. retailers, led by sector giant Wal-Mart Stores Inc. (WMT), are expected to post their first increase in quarterly profits in over two years, thanks to easier comparisons, steps to control inventories and improved consumer spending.
RadioShack 3Q Earnings Fall 24%
Wall Street Journal, The | 27 days 15 hours 57 minutes ago
DOW JONES NEWSWIRES RadioShack Corp.'s (RSH) third-quarter earnings fell 24%, but the electronics retailer noted signs of economic stabilization late in the quarter.
UPDATE: RadioShack 3Q Earnings Fall 24%
Wall Street Journal, The | 27 days 15 hours 11 minutes ago
(Adds detail on better-than-expected sales, gross margin improvement and comment from analyst; updates share price.) By Mary Ellen Lloyd Of DOW JONES NEWSWIRES RadioShack Corp.'s (RSH) third-quarter earnings fell 24%, though sales were better than expected as stronger sales of netbooks and wireless phone plans largely offset declines in television-signal converter boxes and laptops.
2nd UPDATE: RadioShack 3Q Earnings Fall 24%
Wall Street Journal, The | 27 days 14 hours 12 minutes ago
(Adds detail on expenses, sales and first gross-margin increase in seven quarters; adds analyst comment on short-interest positions and updates share price.) By Mary Ellen Lloyd Of DOW JONES NEWSWIRES RadioShack Corp.'s (RSH) third-quarter earnings fell 24%, though sales were better than expected as stronger sales of wireless phone plans and netbooks largely offset declines in television-signal converter boxes and laptops.
Windows 7 is on sale. Should you buy it now?
Globe and Mail (Toronto), The | 29 days 5 hours 9 minutes ago
If you're a Windows user, plan on running Win7 and want to save a few bucks, here's a primer on what you should do to prepare
Wal-Mart Pushes Used Videogames On Its Web Site
Wall Street Journal, The | 46 days 1 hour 8 minutes ago
Of DOW JONES NEWSWIRES Wal-Mart Stores Inc. (WMT) has begun selling used videogames on its Web site, diving deeper into the category dominated by GameStop Inc. (GME) after testing a used game trade-in program via store kiosks earlier this summer.
Wal-Mart profit tops view; outlook may fall short
Investor's Business Daily | 10 days 23 hours 48 minutes ago
NEW YORK (MarketWatch) -- Wal-Mart Stores Inc. said Thursday third-quarter profit rose a better-than-expected 3.2%, helped by inventory control and international demand, offsetting a shortfall in its U.S. namesake unit.
Wal-Mart to pace sector's 1st gain in 10 quarters
Investor's Business Daily | 12 days 19 hours 52 minutes ago
NEW YORK (MarketWatch) - U.S. retailers, led by sector giant Wal-Mart Stores Inc., are expected to post their first increase in quarterly profits in over two years, thanks to easier comparisons, steps to control inventories and improved consumer spending.
China's Stock Index Declines; Commodity Producers Drop, Automakers Advance
Bloomberg | 42 days 8 hours 19 minutes ago
Oct. 12 (Bloomberg) -- China's benchmark stock index fell, after changing direction at least 13 times, as a decline by commodity producers on lower metal prices countered gains by automakers.
Fitch Boosts RadioShack's Ratings Outlook To Stable
Wall Street Journal, The | 34 days 39 minutes ago
DOW JONES NEWSWIRES Fitch Ratings boosted its outlook on RadioShack Corp. (RSH) to stable, highlighting the consumer-electronics retailer's cost-cutting and expectations that results will remain steady.
China's Stocks Advance, Paced by ICBC, Banks; Commodity Producers Retreat
Bloomberg | 42 days 11 hours 16 minutes ago
Oct. 12 (Bloomberg) -- China's stocks rose, extending last week's rally, as banks climbed after the country's wealth fund said it will continue increasing stakes in the biggest lenders. Commodity producers declined as metal prices fell.
Retail Stocks Up Ahead Of Start To Holiday Selling Season
Wall Street Journal, The | 1 hour 4 minutes ago
Retail stocks rose as final preparations are made for Black Friday, the day after Thanksgiving that marks the official kickoff to the industry's biggest selling season.
Stocks fluctuate on more economic news
Arizona Republic (Phoenix), The | 6 days 1 hour 41 minutes ago
Stocks fluctuate on more economic news, After a turbulent week that sent the Dow down, investors found little solace in the latest news.
US HOT STOCKS: Charles River Active In Late Trading
Wall Street Journal, The | 19 days 18 hours 20 minutes ago
U.S. stocks closed mixed Tuesday as the Dow Jones Industrial Average lost 18 points to 9772, the S&P 500 rose 3 points to 1045 and the Nasdaq Composite gained 8 points to 2057. Among the companies whose shares are actively trading in the after-hours session are Charles River Laboratories International Inc. (CRL), Hartford Financial Services Group Inc. (HIG) and Kraft Foods Inc. (KFT).
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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 |
