Company News

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23 Sep: Corie Barry named to Fortune’s list of Most Powerful Women

Fortune magazine announced on Monday that Best Buy CEO Corie Barry made its list of the Most Powerful Women in Business. She is No. 18 on the prestigious ranking.

It’s Corie’s first time on the annual list, which looks at a business’ size, its importance in the global economy and its health and direction. Also considered are career arc and social and cultural influence. Only 50 women in the United States were selected, and Corie is the youngest.

Corie became CEO in June, and she’s one of the youngest women to hold the role among Fortune 500 companies.

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20 Sep: What did they do this summer? Learned career skills

When the summer started, Teri Jones and Ted Ritts were shy. Super shy, they’d say.

But an internship — organizing a community block party for Level Up Studios, a nonprofit creative arts center in northeast Pittsburgh — would help with that. Over the summer, the pair would need to line up sponsors, ask for donations, schedule food and entertainment, and navigate the city permitting process. That meant talking to strangers, being persuasive and, on occasion, getting comfortable being told “no.”

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19 Sep: Best Buy named to Dow Jones, FTSE4Good sustainability indices

These days, an important indicator for investors to rate the quality of a company is by how it positively impacts the environment and community. That’s why Best Buy is honored to be named to two prestigious indices based on our sustainability performance.

  • We have been named to the Dow Jones Sustainability Index (DJSI) for the ninth consecutive year. In addition to being included on the North America Index, we are one of only two U.S. retailers to be named to the Dow Jones World Index.
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16 Sep: Forbes Names Best Buy a Best Employer for New Grads

Best Buy is excited to be named to the 2019 Forbes list of Best Employers for New Graduates.

It’s our first time on the list, which identifies the companies that new members of the workforce like most and would recommend. While pay is a major factor, young professionals also look for development opportunities and a company that has a strong purpose and values.

At Best Buy, we’re focused on our employees’ growth and building a fun, fast-paced and inclusive culture. We’re a company with a purpose of enriching lives through technology and a philosophy of making a positive impact on our communities and environment.

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12 Sep: Best Buy introduces new Code of Ethics

Best Buy was proud to be named to Ethisphere’s 2019 list of the World’s Most Ethical Companies. But we’re not resting on our laurels.

We recently released an updated Code of Ethics that outlines Best Buy’s fundamental beliefs, principles and expectations. As a company, we strive to be at our best in every decision, every day.

To learn more about it, we sat down with Bill Underwood, Best Buy’s director of compliance and ethics.

First off, what is a code of ethics and why is it important?

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06 Sep: Geek Squad Academy Brings Another Summer of Tech Fun

We just wrapped up another epic season of Geek Squad Academy (GSA). That means 10,000 teens from across the United States learned new skills and got hands-on with the latest technology.

GSA is nothing like a traditional classroom experience. You definitely won’t find a textbook. What you will find is a two-day camp with BB-8 robots used for teaching coding, Legos for stop-motion animation and of course iPads for music production. And more.

We couldn’t have done it without all 1,200 Best Buy employees who volunteered as instructors and helpers. 

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29 Aug: Best Buy Reports Better-Than-Expected Q2 FY20 Earnings

Enterprise Comparable Sales Increased 1.6%

GAAP Diluted EPS Increased 3% to $0.89

Non-GAAP Diluted EPS Increased 19% to $1.08

Raises Full-Year Non-GAAP Diluted EPS Guidance Range to $5.60 to $5.75

 

MINNEAPOLIS, August 29, 2019 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week second quarter ended August 3, 2019 (“Q2 FY20”), as compared to the 13-week second quarter ended August 4, 2018 (“Q2 FY19”).

(Click here for a PDF version. Click here to view full release and statements.)

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27 Aug: Best Buy, pro athlete partner to bring Teen Tech Center to Selma

The first Best Buy Teen Tech Center in Alabama officially opened its doors on Tuesday.

Located on the campus of Wallace Community College in Selma (WCCS), the center is the result of a partnership among the college, Best Buy and pro football veteran Michael Johnson’s MJ 93-90 Foundation. Area teens will be able learn hands-on tech and workforce readiness skills, including music and video production, graphic design, robotics, virtual reality, coding and resume building.

The opening is a big milestone for Best Buy because it’s our 30th Teen Tech Center in operation, bringing us halfway toward our goal of 60 centers opened or identified by the end of 2020.

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20 Aug: Best Buy rolls out new surrogacy benefit for employees

Best Buy is leading the way in supporting employees who want to grow their families.

We have long offered infertility and adoption assistance, and now employees will also be able to pursue parenthood through surrogacy with the help of a new benefit announced this week.

The Surrogacy Assistance benefit provides up to $14,080 in financial support to help cover expenses incurred by intended parents, including fees, screening costs and travel.

New parents through surrogacy also qualify for four weeks of Paid Caregiver Leave — another Best Buy employee benefit — in tandem with 12 weeks of time off granted under the Family and Medical Leave Act.

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19 Aug: Best Buy is Proud to be Named to Fortune’s Change the World List

Best Buy is honored to be named to Fortune’s Change the World list, which recognizes companies for using their business strategy and operations to make a positive social or environmental impact. We ranked No. 32 out of 52 on the list and are one of three retail companies.

We were recognized for our leadership role in helping customers live more sustainably. Best Buy offers customers electronics and appliances that save energy and money, keeps electronics in the “use” phase longer through repair and trade-in services, and recycles electronics and appliances.

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05 Aug: Hubert Joly wins prestigious Deming Cup

Hubert Joly, Best Buy’s executive chairman and former CEO, has been named as one of this year’s winners for a prestigious award that recognizes top business leaders.

Columbia Business School’s W. Edwards Deming Center for Quality, Productivity, and Competitiveness on Monday named Hubert as one of three recipients of the 2019 Deming Cup. Now in its 10th year, the award recognizes leaders for operational excellence and for fostering a culture of continuous improvement within their organizations.

This year’s other honorees are David Abney, chairman and CEO of United Parcel Service (UPS), and Janet DiFiore, chief judge for the New York State Court of Appeals.

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30 Jul: Best Buy named to Diversity Best Practices Inclusion Index

We’re proud to announce Best Buy has been named to the 2019 Diversity Best Practices Inclusion Index. We’re one of 80 companies to be honored and one of only two retailers.

The Inclusion Index recognizes our company’s efforts and commitment in the following three focus areas:

  • Fostering diversity and inclusion in recruitment, retention and advancement;
  • Promoting a company culture that values diversity and inclusion; and
  • Sharing specific demographic data and progress made in hiring, retaining and promoting women, people of color and other minority groups.