2014

Holiday Gifts Mashup

19 Dec: This Holiday’s Must-Have Tech Gifts? Here They Are

Just in time for the holidays, Best Buy – with some help from a consumer survey – has created a list of tech products that will have everyone doing the Jingle Bell Rock. From items under $100 to wearables, here are the hottest gifts this year:

 

Gifts Under $100

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We get it – you have to buy your girlfriend’s godparents, younger brother, AND next-door neighbor gifts that will convince them you’re living large, but you’re on a tight budget. Here are some quality gifts under $100.

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17 Dec: Learn to Use a DSLR in a Flash for Free

Whether you just bought your first DSLR or you’ve had one for a while and you’re still in the “How do I actually make the most of this thing?” stage, Best Buy can help. If you’re looking to get your camera skills in focus or trying to decide which camera to finally select, you’re in luck. Best Buy is offering free Digital Photography Workshops in select Best Buy Camera Experience Shops across the country. From novices to experts, customers can sign up for classes offered every Sunday in January from 10 a.m.

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15 Dec: Holiday Tech Advice On-The-Go: Geek Squad Arrives at Chicago O’Hare International Airport

DSC_8651Over the past several years, Chicago O’Hare International Airport has been one of the five busiest airports in the U.S., with more than five million passengers coming through the airport in December.* Like 94 percent of all adult travelers, O’Hare travelers rely on electronic devices to keep themselves busy as they make their trek home for the holidays.** Dead device? No problem. Tablet that won’t play that favorite holiday movie for the billionth time? Don’t sweat it.

 

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Geek Squad Agents will come to the rescue from 8 a.m.

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08 Dec: Best Buy Strengthens Commitment to Sustainability Through Paper Policy

Best Buy is currently evaluating potential new paper suppliers as a way of increasing the number of vendors we rely on beyond our current primary supplier, Resolute Forest Products, from which we intend to meaningfully shift business and require to provide Forest Stewardship Council (FSC) certified paper. Our intention is to conduct business with companies that support sustainable forestry practices including those in the Canadian Boreal Forest.  Clear preference will be awarded to companies that have earned FSC certification.

Building on our commitment to sustainability and the principle of continuous improvement, Best Buy will strengthen our paper procurement policy to ensure suppliers meet specific requirements for management of natural resources while minimizing environmental and social impacts.

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04 Dec: Best Buy to Sell its Five Star Business in China

MINNEAPOLIS –  Dec. 4, 2014 –  Best Buy Co., Inc. (NYSE:BBY) today announced that it has entered into a definitive agreement for the sale of its Five Star business to the Jiayuan Group, a prominent China-based real estate firm led by Chairman Yuxing Shen. This sale does not affect Best Buy’s private label operations in China.

“Over the last two years we have worked to improve our business in China and are proud of the progress we have made there,” said Hubert Joly, president and chief executive officer of Best Buy.

28 Nov: 5 Cyber Monday Tips: Keep Your Digital Data Safe

Online shopping has become a popular trend during the holiday season, for obvious reasons. Why go to the store when you can shop in your PJs? Although super convenient, this option can potentially put your personal information at risk.

Here are five great safety tips to help you get that special gift delivered to your door and avoid a bill filled with fraudulent charges.

  1. Secure that network. A secure connection to the Internet is key in preventing unauthorized access to your information.
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20 Nov: Best Buy Announces Fiscal Third Quarter Results

Non-GAAP diluted EPS from continuing operations of $0.32

GAAP diluted EPS from continuing operations of $0.30

$65 million in additional annualized Renew Blue cost reductions, bringing the cumulative total to $965 million

 

MINNEAPOLIS, November 20, 2014 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week third quarter (“Q3 FY15”) ended November 1, 2014, as compared to the 13-week third quarter (“Q3 FY14”) ended November 2, 2013.

 

Revenue Q3 FY15 Q3 FY14
Revenue ($ in millions) $9,380 $9,327
Comparable sales % change1,2 2.2% 0.3%
       Domestic Segment:
   Comparable sales % change 3.2% 1.8%
   Comparable online sales % change 21.6% 15.1%
       International Segment:
   Comparable sales % change (3.0%) (6.4%)

 

Operating Income Q3 FY15 Q3 FY14
GAAP operating income as a % of revenue 2.0% 1.0%
Non-GAAP operating income as a % of revenue3 2.2% 1.4%

 

Diluted EPS Q3 FY15 Q3 FY14
GAAP diluted EPS from continuing operations $0.30 $0.12
Impact of non-restructuring asset impairments $0.01 $0.02
Impact of restructuring charges $0.02 $0.06
Impact of gain on sale of investments ($0.01) ($0.01)
Benefit of income tax impact of Best Buy Europe sale $0.00 ($0.01)
Non-GAAP diluted EPS from continuing operations3 $0.32 $0.18

 

Hubert Joly, Best Buy president and CEO, commented, “In the third quarter, our teams delivered positive comparable sales, improved profitability and continued progress in our Renew Blue transformation.

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10 Nov: Learning New Family Tech with Geek Squad at Engadget Expand

A piano made out of bananas. A Play-Doh Tetris game. A whisk and pie-tin drum set.

Visitors to the Engadget Expand event in New York City over the weekend got a chance to experience unique technology for the family at an exhibit staffed by local Geek Squad Agents and Best Buy Blue Shirts.

Geek Squad was there to show visitors some cool – and fun – things that can be done with technology, and show off Geek Squad Academy, which seeks to inspire young people through technology.

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10 Nov: How Best Buy Makes a Net Impact

Minneapolis was abuzz with nearly 2,000 “change-makers” looking to solve some of the world’s biggest problems at the 2014 Net Impact Conference. Net Impact is a leading nonprofit that empowers a new generation to use their careers to drive transformational social and environmental change and Best Buy proudly boasts the second corporate chapter in existence, putting us right in the middle of the conversation.

The three days were full of meaningful dialog with peers, thought-provoking presentations from experts in all facets of sustainability and ideation sessions with the best and brightest business students.

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05 Nov: New Fitness Devices Arrive: Which One for Me?

In a world full of breaking news around activity trackers and fitness devices, you’re probably wondering which one will get you moving, staying active and sleeping better?

Just today, Jawbone introduced two new activity trackers into their family, the Jawbone UP3 and UP MOVE. And last week, Fitbit announced three new products: Fitbit Charge, (available now in Black at Best Buy stores and at BestBuy.com) Charge HR and Surge. These devices help users have a better understanding of their activities and improve their daily activity habits.

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03 Nov: Best Buy Welcomes New Member to its Board of Directors

MINNEAPOLIS – Nov. 3, 2014 – Best Buy Co., Inc. announced today the appointment of J. Patrick Doyle to its Board of Directors. Doyle is the president and chief executive officer of Domino’s Pizza, the world leader in pizza delivery and the second largest pizza company in the world.

Doyle, 51, joined Domino’s Pizza in 1997, serving in a variety of leadership roles across its domestic and international businesses. He has been president and chief executive officer of Domino’s since March 2010.