Best Buy Co., Inc.
News and overview for Best Buy Co., Inc.
Best Buy, Sonic team up on digital movie delivery - MarketWatch
MarketWatch | 18 days 5 hours 47 minutes ago
Stanley Works and Black & Decker, two of the nation's biggest tool makers, announce they are joining forces in a $4.5 billion all-stock deal, and the timing is impeccable
Best Buy International's chief executive to retire - MarketWatch
MarketWatch | 10 days 8 hours 56 minutes ago
BBY
Why Wait in Line? -- Black Friday Deals Come Early to Best Buy This Year [Press Release]
Business Wire | 2 days 9 hours 47 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.
Best Buy Mobile Delivers Special Offers for the Holidays on New Sprint Android Smartphones [Press Release]
Business Wire | 5 days 6 hours 13 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 ...
J.D. Power and Associates Awards Best Buy Highest Ranked Appliance Retailer of the Year [Press Release]
Business Wire | 3 days 8 hours 15 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 | 12 days 8 hours 15 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...
Retail stocks rise as Abercrombie upgraded to buy - MarketWatch
MarketWatch | 40 days 7 hours 49 minutes ago
"Improved inventory positioning, increased fashion penetration, lower pricing and international growth provide catalysts going forward," said analyst Amy Noblin in a note.
Best Buy Mobile Announces Partnership with Google to Co-Market Google Mobile App [Press Release]
Business Wire | 16 days 3 hours 50 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.
Critical Alerts for Goldman Sachs, Best Buy, DuPont, Rambus, and Barnes & Noble Released by Seven Summits Research [Press Release]
PRNewswire | 11 days 1 hour 44 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...
Fitch: Increased Stability Expected in 2010 for U.S. Retail due to Improved Cash Flow & Liquidity [Press Release]
Business Wire | 3 days 8 hours 58 minutes 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...
Wal-Mart to pace sector's 1st gain in 10 quarters - MarketWatch
MarketWatch | 10 days 22 hours 24 minutes ago
The improved bottom-line results, after two months of sales increases, would stand in stark contrast to recent quarters, when profits, which are heavily dependent on consumer spending habits, were battered by the global recession. A profit increase will also set retailers apart from most other sectors of the Standard & Poor's 500, which reported profit declines for the three-month period.
CORRECTING and REPLACING Best Buy Brings On-Demand Entertainment to Its Customers Through a Broad Range of Consumer Electronics [Press Release]
Business Wire | 18 days 9 hours 29 minutes ago
Reissuing release to remove fifth graph, starting with "Best Buy is in a great position" through "exciting new consumer offerings."
Retail stocks rise; Macy's drops on forecast miss - MarketWatch
MarketWatch | 10 days 6 hours 55 minutes ago
Macy's stock was down 6.1% at last check. The company posted a narrower-than-expected third-quarter loss, helped by its "My Macy's" initiatives to tailor merchandise to local demand and by improved results for its upscale Bloomingdale's chain.
Best Buy Mobile Offers Pre-Sells of Motorola DROID in Stores Beginning October 29 [Press Release]
Business Wire | 23 days 9 hours 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 | 32 days 5 hours 15 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...
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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 |