Company News

By Chris Havens Company News

22 Mar: Here’s How Curbside Pickup Works At Best Buy To Get Your Tech Essentials

We know our customers depend on Best Buy for the technology necessities valuable during this time when people need to stay home because of the coronavirus (COVID-19) outbreak. That’s why we’re adapting to a new way of making our stores accessible while keeping things safe for our customers and employees: contactless curbside pickup.

As of Sunday, March 22, customers are no longer allowed inside Best Buy stores. Our employees, however, will bring products ordered on BestBuy.com, through our app or over the phone, out to vehicles.

By Best Buy Company News

19 Mar: A Note From Best Buy CEO Corie Barry

Earlier this week, we announced changes to how Best Buy will run our business in light of the COVID-19 pandemic. Against this backdrop, I wanted to share some of my thoughts about what we’re facing and how Best Buy is responding.

Right now, our role as a consumer electronics retailer is rapidly shifting and we are striving to make the best decisions with two goals in mind: The first is to protect our customers, employees and their families. The second is to do the best we can to serve the millions of Americans who are looking to us for increasingly vital technology tools to stay connected, as well as household necessities.

By Best Buy Company News

17 Mar: Update From Best Buy

The situation we’re facing as a company and as individuals is unprecedented and changing at a pace all of us are working to keep up with. We are making the best decisions we can with two goals in mind: protecting employees, customers and their respective families, while trying our best to serve the millions of Americans who rely on us for increasingly vital technology that keeps them connected to their school and work, and for the appliances necessary to help them store and prepare food.

By Best Buy Company News

10 Mar: A Note From Best Buy About COVID-19

Updated April 28 @ 3:30 p.m. CDT

An Update From Best Buy CEO Corie Barry On How We Can Safely Get You What You Need

I genuinely hope you and your family are staying safe and feeling well. We all know the world continues to react to an unprecedented pandemic, and I wanted to update you on the ways in which Best Buy is evolving to meet our customers’ vital technology and appliance needs. Just as importantly, I want to share a big step forward in how we are now able to better serve you in your home.

By Best Buy Company News

07 Mar: Best Buy Highlights Disproportionate Number Of Women In STEM

March is Women’s History Month — a time to celebrate the social, economic, cultural and political achievements of women everywhere.

It’s also a time you’ll hear calls for accelerating women’s equality. For example, women make up 50% of the U.S. population but hold just 28% of science, technology, engineer and math (STEM) careers.

This month, Best Buy is doing an awareness campaign using videos, employee stories and events to dive deeper into the disparity.

“Women and girls deserve the same opportunities as their male counterparts,” said Best Buy CEO Corie Barry.

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By Chris Havens Company News

28 Feb: Best Buy ranked No. 3 in training for second year in a row

Best Buy customers expect our employees to ask the right questions and recommend the right solutions. It takes training — lots of it — to be able to provide that kind of knowledgeable service.

That’s why Best Buy offers extensive learning and development programs, in a variety of formats, for employees at all levels. Last year, our people completed nearly 20 million online learning sessions, and our classroom trainings reached more than 100,000 employees. It’s simple: Learning is part of our culture.

By Best Buy Company News

27 Feb: Best Buy Reports Better-Than-Expected Q4 FY20 Results

Enterprise Comparable Sales Increased 3.2%

GAAP Diluted EPS Increased 6% to $2.84

Non-GAAP Diluted EPS Increased 7% to $2.90

Announces FY21 Non-GAAP Diluted EPS Guidance of $6.10 to $6.30

Increases Quarterly Dividend 10% to $0.55 per Share

MINNEAPOLIS, February 27, 2020 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week fourth quarter ended February 1, 2020 (“Q4 FY20”), as compared to the 13-week fourth quarter ended February 2, 2019 (“Q4 FY19”).

(Click here for a PDF version.

By Best Buy Company News

26 Feb: Best Buy highlights disproportionate number of women in STEM

March is Women’s History Month — a time to celebrate the social, economic, cultural and political achievements of women everywhere.

This month, Best Buy is doing an awareness campaign using videos, employee stories and events to dive deeper into the disparity.

“Women and girls deserve the same opportunities as their male counterparts,” said Best Buy CEO Corie Barry.

By Best Buy Community Relations Company News Diversity and Inclusion Geek Squad

26 Feb: Best Buy returns to its girls-only roots for first 2020 Geek Squad Academy

Geek Squad Academy is an educational program that partners with local nonprofits and other youth organizations that share a focus on teaching youth and teens about technology.

For most students, a Monday off from school could seem like a perfect time to sleep or hang with friends. On Jan. 20, 40 girls chose to spend their free day getting hands on with tech at a Best Buy Geek Squad Academy.

They were from Project Scientist, a national program that exposes girls as young as 4 to science, technology, engineering and math careers.

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By Suzanne Hilker Company News Sustainability

25 Feb: Best Buy Named To Most Ethical Companies List for 6th Year

Best Buy is proud to be one of two U.S. retailers included on the 2020 World’s Most Ethical Companies list by Ethisphere Institute, a global leader in ethical business practices. This is the 6th year we’ve received this honor.

For Best Buy, ethics is a critical foundation of our company. We not only expect our employees to act in an ethical manner, but also our suppliers, vendors and third-party business partners.

We recently released an updated Code of Ethics that outlines Best Buy’s fundamental beliefs, principles and expectations.

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By Best Buy Company News Diversity and Inclusion

24 Feb: 5 reasons Best Buy is a great place for women to work

To celebrate Women’s History Month, we’re focusing on the future of women in STEM. Currently, only 28% of STEM professionals in the U.S. are women and at Best Buy, we think that’s just not good enough.

“We need to empower more girls to go into STEM fields, or we’re not utilizing half of the brain power in the world,” CEO Corie Barry said. “That also means that what gets studied and what gets made will be determined by only half of the population.

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