Best Buy Co., Inc.

News and overview for Best Buy Co., Inc.

Why Wait in Line? -- Black Friday Deals Come Early to Best Buy This Year [Press Release]
Business Wire | 4 days 8 hours 49 minutes ago
Best Buy (NYSE:BBY), is bringing the excitement of Black Friday a week early this holiday season. Starting today, Best Buy will offer Black Friday pricing on certain models of flat panel televisions as well as other top brand home theater products.


J.D. Power and Associates Awards Best Buy Highest Ranked Appliance Retailer of the Year [Press Release]
Business Wire | 5 days 7 hours 17 minutes ago
J.D. Power and Associates has named Best Buy (NYSE:BBY) the “Highest in Customer Satisfaction among the Largest Appliance Retailers,” outperforming four other major appliance retailers profiled in the study. The J.D. Power and Associates 2009 Syndicated Appliance Retailer Study, which had 4,230 respondents, examined retailer performance in six categories ranging from installation, price and merchandise selection, to sales staff and services. Best Buy, the largest consumer electronics retailer...


Best Buy Teams With Monster and Beats by Dr. Dre to Launch Club Beats [Press Release]
Business Wire | 14 days 7 hours 17 minutes ago
Best Buy Co., Inc. (NYSE:BBY) today announced the introduction of Club Beats™, a new in-store destination created in partnership with Monster and Beats by Dr. Dre™, founded by legendary artist and producer Dr. Dre and Jimmy Iovine, Chairman of Interscope Geffen A&M Records. As people continue to evolve their ways of consuming music, Club Beats provides a destination for consumers to learn how to create and individualize their listening experience. Launching in Best Buy stores nationwide, Club...


Best Buy Mobile Announces Partnership with Google to Co-Market Google Mobile App [Press Release]
Business Wire | 18 days 2 hours 52 minutes ago
Best Buy Mobile, the mobile specialty retail unit of Best Buy Co., Inc., today announced a retail partnership with Google™ that will help bring Google Mobile App to consumers and expand their mobile experiences. Best Buy is the first retailer in the U.S. to work with Google to distribute Google Mobile App on smartphones sold in-store.


Best Buy Mobile Delivers Special Offers for the Holidays on New Sprint Android Smartphones [Press Release]
Business Wire | 7 days 5 hours 15 minutes ago
Best Buy Mobile, the mobile specialty retail unit of Best Buy (NYSE:BBY), is making mobility more affordable for customers this holiday season with special offers on two Sprint smartphones, the HTC Hero and Samsung Moment. Both devices run on Google’s Android operating platform and retail for $99.99, including instant rebates, with new two-year activation. Both phones were $179. The special offers, which run through December, help Best Buy Mobile deliver the advantages of the popular Android ...


Fitch: Increased Stability Expected in 2010 for U.S. Retail due to Improved Cash Flow & Liquidity [Press Release]
Business Wire | 5 days 8 hours ago
Fitch Ratings expects increased stability in ratings for U.S. retailers and a long-term stable outlook for the sector in 2010. Some Negative Rating Outlooks may migrate to Stable if sales trends stabilize, margins improve on better inventory positions and cash flow generation and liquidity remain adequate. A few Negative Outlooks have been revised to Stable in recent months with 10 companies or 37% of U.S. retailers under coverage having Negative Rating Outlooks compared to 12 companies or 44...


CORRECTING and REPLACING Best Buy Brings On-Demand Entertainment to Its Customers Through a Broad Range of Consumer Electronics [Press Release]
Business Wire | 20 days 8 hours 31 minutes ago
Reissuing release to remove fifth graph, starting with "Best Buy is in a great position" through "exciting new consumer offerings."


Best Buy Mobile Offers Pre-Sells of Motorola DROID in Stores Beginning October 29 [Press Release]
Business Wire | 25 days 8 hours 2 minutes ago
Best Buy Mobile, the mobile specialty retail unit of Best Buy Co., Inc., will pre-sell the highly anticipated Verizon Motorola DROID smartphone beginning October 29. The phone will land in stores November 6. The Motorola DROID is the first Verizon device running on Google’s innovative Android operating platform.


Best Buy and Netflix Announce Partnership to Instantly Stream Movies Over the Internet Via Latest Models of Insignia Blu-ray Disc Players [Press Release]
PRNewswire | 34 days 4 hours 17 minutes ago
Best Buy and Netflix Announce Partnership to Instantly Stream Movies Over the...MINNEAPOLIS and LOS GATOS, Calif., Oct. 20 /PRNewswire/ -- Insignia, a Best Buy Co., Inc. exclusive brand, and Netflix, Inc. , the world's largest online...


Best Buy Opens First 24-Hour Location in New York City s Union Square [Press Release]
Business Wire | 40 days 5 hours 44 minutes ago
Today Best Buy Co., Inc. (NYSE: BBY) announced plans to open its first 24-hour retail location in New York City’s Union Square. Opening Friday, November 13, 2009, the 48,000 square foot store will be located on the corner of 14th Street and 4th Avenue, in the heart of historic downtown Manhattan’s Union Square. The new location will be open each week from 8:00 a.m. on Monday through 12:00 a.m. on Sunday, re-opening for regular Sunday hours of 10:00 a.m. to 8:00 p.m.


Best Buy Stores Nationwide Open at Midnight for Call of Duty: Modern Warfare 2 Release [Press Release]
Business Wire | 18 days 7 hours 17 minutes ago
Best Buy (NYSE:BBY):


Tis the Reason to Be Jolly: Best Buy Unveils Its Lowest-Advertised-Priced Laptop Ever [Press Release]
Business Wire | 13 days 7 hours 32 minutes ago
Best Buy (NYSE:BBY) will appeal to value-conscious consumers with a dynamic holiday computing selection launching Nov. 11 and featuring the retailer’s lowest-advertised-price laptop ever. Selling in-store and online for $249.99, the Acer laptop delivers solid specifications including an Intel Celeron 900 processor, 2GB memory and a 160GB hard drive, and debuts the extensive seasonal computing offerings at Best Buy.


Critical Alerts for Goldman Sachs, Best Buy, DuPont, Rambus, and Barnes & Noble Released by Seven Summits Research [Press Release]
PRNewswire | 13 days 46 minutes ago
Critical Alerts for Goldman Sachs, Best Buy, DuPont, Rambus, and Barnes & Noble Released by Seven...Alerts cover the following stocks: Goldman Sachs Group Inc. , Best Buy Co. Inc. , EI DuPont de Nemours & Co. , Rambus Inc. , and...


Zacks Analyst Blog Highlights: Nokia Corp., Best Buy Co. Inc., AT&T, Research In Motion and Apple Inc. [Press Release]
Business Wire | 39 days 17 minutes ago
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Nokia Corp. (NYSE: NOK), Best Buy Co. Inc. (NYSE: BBY), AT&T (NYSE: T), Research In Motion (Nasdaq: RIMM) and Apple Inc. (Nasdaq: AAPL).


iMemories Named Best Buy s Exclusive Provider for Digitally Preserving America's Home Movies and Photos [Press Release]
Business Wire | 33 days 7 hours 41 minutes ago
iMemories, the premier Web destination for digitizing, storing and sharing personal videos and photos, today announced a national partnership with leading consumer electronics retailer Best Buy whereby iMemories will serve as the exclusive provider of a service for converting Best Buy customers’ home movies and photos into digital format. The new service is now available at www.bestbuy.com/imemories, and will be promoted in Best Buy's retail stores nationwide.





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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