Best Buy Co., Inc.
News and overview for Best Buy Co., Inc.
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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 |