Company News

By Best Buy Company News

30 Nov: Data Disappeared? Geek Squad Has Your Back

Pictures of your new baby. Video from the family holiday gathering. A big term paper.

Sometimes important data seems to disappear from your device.

Before you panic, head to your local Best Buy store. Geek Squad Agents just might be able to help.

All U.S. Best Buy locations are now able to perform Level 1 data recovery — that is, find deleted and formatted files — on fully functioning devices in Geek Squad Precincts. Before, devices would need to be sent to Geek Squad City in Kentucky for the service.

By John Vomhof Jr. Company News

25 Nov: Best Buy App Now Bigger (and Better) on the iPad

Best Buy is making it easier than ever for you to use your iPad to shop for the hottest tech products this Holiday season.

We’ve launched an enhanced Best Buy mobile app — the same great iOS app you already use on your iPhone — that is specifically designed for the larger screens of the tablet experience.

We’ve designed the app to help you:

View all of the latest Holiday deals, gift ideas and the Weekly Ad.
Browse and filter product categories to quickly narrow your search to the right products for you.

By Best Buy Company News PR News Alerts

19 Nov: Best Buy Reports Third Quarter Results

Domestic Segment Revenue Increased 1.2%

Non-GAAP Diluted EPS from Continuing Operations Increased 21% to $0.41

GAAP Diluted EPS from Continuing Operations Increased 12% to $0.37

MINNEAPOLIS, Nov. 19, 2015 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the third quarter (“Q3 FY16”) ended October 31, 2015 as compared to the third quarter (“Q3 FY15”) ended November 1, 2014.

Printable PDF version: Click here

	Q3 FY16	Q3 FY15
Enterprise Revenue ($ in millions)¹	$8,819	$9,032
Domestic segment	$8,090	$7,992
International segment¹	$729	$1,040
Enterprise Comparable Sales % Change:
Excluding the estimated benefit of installment billing^2,3	0.5%	2.2%⁴
Estimated benefit of installment billing³	0.3%	0.7%
Comparable sales % change²	0.8%	2.9%⁴
Domestic Comparable Sales % Change:
Excluding the estimated benefit of installment billing^2,3	0.5%	2.4%
Estimated benefit of installment billing³	0.3%	0.8%
Comparable sales % change²	0.8%	3.2%
Comparable online sales % change²	18.3%	21.6%

	Q3 FY16	Q3 FY15
Operating Income:
GAAP operating income as a % of revenue	2.6%	2.3%
Non-GAAP operating income as a % of revenue⁵	2.8%	2.4%
Diluted Earnings per Share (EPS):
GAAP diluted EPS from continuing operations	$0.37	$0.33
Impact of non-restructuring SG&A charges⁶	$0.02	$0.02
Impact of restructuring charges⁶	$0.02	$0.01
Impact of gain on investments, net	$0.00	($0.01)
Income tax impact of Non-GAAP adjustments⁷	$0.00	($0.01)
Non-GAAP diluted EPS from continuing operations⁵	$0.41	$0.34

Hubert Joly, Best Buy chairman and CEO, commented, “We have delivered another quarter of Domestic comparable sales growth and operating income expansion.

By Hugh Cherne Company News Sustainability

16 Nov: Perfect Marks For Carbon Efforts! We’re Hanging This Award on the Fridge

I’m especially proud to work at Best Buy because today we join an elite group of S&P 500 companies recognized by CDP for leadership in carbon reduction and disclosure.

CDP released its S&P 500 Annual Report, including the Carbon Disclosure Leadership Index, in which Best Buy received the maximum score of 100. Adding to our “A” designation for our carbon reduction program, Best Buy achieved a perfect score.

The report also features Best Buy as a leader in the retail sector, including this comment from Public Affairs & Sustainability Vice President Laura Bishop: “Best Buy is committed to sustaining our planet and our communities.

By John Vomhof Jr. Company News

11 Nov: Born to Lead: Why Best Buy Recruits U.S. Veterans

When U.S. Army Reserve Sergeant Victor Hill returned from a deployment in Afghanistan, he struggled to find a job. Many prospective employers thanked him for his military service, but they disqualified him because of his lack of civilian qualifications.

Then he landed a job as a seasonal employee at his local Best Buy Mobile, a move that would pave the way for a bright future. Three years later, he’s now the general manager at Best Buy Mobile Store #1931 in Annapolis, Maryland, where he’s leading a team of a dozen people this Holiday season.

By Kevin Flanagan Company News Sustainability

09 Nov: Best Buy Employees Assemble 5,000 Care Packages for Deployed Military Members

Nearly 500 Best Buy employees came out in full force last Friday to fill more than 5,000 individual care packages for military men and women deployed overseas. Forty-three active members of the 133^rd Airlift Wing, a unit of the Minnesota Air National Guard, also participated.

The packages contain everything from snacks to Bluetooth speakers to letters and drawings from kids, all donated by Best Buy employees during October. The company donated some items, too, such as Insignia headphones and portable battery chargers.

By Suzanne Hilker Company News PR News Alerts Sustainability

04 Nov: Best Buy Achieves Coveted CDP Climate Change A List

Best Buy has been awarded a prized position on the CDP Climate A List for our efforts to reduce carbon emissions in the past year.

The commendation puts Best Buy in the top 5 percent of thousands of companies that submit annual emissions data and climate management strategies to CDP (formerly Carbon Disclosure Project).

We are in good company. Other corporate “A Listers” now include sustainability powerhouses and partners such as Apple, Google, LG, Microsoft, Samsung, Sony and Sprint.

The A List designation comes shortly after Best Buy set a new goal to reduce carbon emissions by 45 percent by 2020 and signed the American Business Act Pledge on Climate Change.

Best Buy Seattle Tech Development Center Grand Opening 2015.

By John Vomhof Jr. Company News PR News Alerts

29 Oct: Best Buy Unveils Seattle Technology Development Center

Bala Subramanian, senior vice president and chief technology officer for Best Buy, left, and Washington Gov. Jay Inslee in Seattle on Thursday.

State and local officials joined Best Buy in celebrating the grand opening of the company’s new technology development center in Seattle on Thursday.

The office, first announced in February, is focused on mobile development, cloud engineering and the omnichannel customer experience. About 25 employees work there, and there’s room to grow to 100 employees over time.

Best Buy expects this office to drive breakthrough innovation at incredible scale, building on its rapid e-commerce growth in recent quarters.

By Best Buy Community Relations Company News PR News Alerts

27 Oct: Best Buy Welcomes Back St. Jude Thanks and Giving Campaign in Stores, Online

Imagine hearing the words, “Your child has cancer.”

It’s something no family should have to experience, and a journey no child should have to endure. Unfortunately, each year thousands of children across the country spend part of their childhood fighting to have a future.

But when you hear the words, “St. Jude can help,” and learn about the life-saving work being done every day at St. Jude Children’s Research Hospital^® … you also hear there is hope.

With the St.

By Best Buy Company News PR News Alerts

26 Oct: 5 Halloween Prank How-Tos

There’s nothing like giving your friends and family members a good fright during Halloween. Why not add a high-tech spin to your scare tactics?

From creating freaky mirror reflections to stocking a cupboard with heads in jars to putting on a spooky light-and-sound show, these supernatural shenanigans are sure to get hair-raising reactions.

Watch these videos for step-by-step instructions on how to pull off these ghoulish pranks. Happy haunting!

By Best Buy Company News PR News Alerts

26 Oct: Best Buy’s Insignia Brings Caribou Coffee Into Your Home

It’s a partnership as Midwestern in its roots as hot dish and hockey skates.

Best Buy and Caribou Coffee have partnered to bring the great taste of Caribou Coffee right into your home with an exclusive line of home brewing equipment. You can choose from a variety of brewing and drinking options that combine the Caribou coffeeshop experience with the quality of Best Buy’s Insignia brand.

The set includes an 8-cup and 6-cup pour-over coffee maker, a 2.5-cup French Press, as well as clear double-wall mugs and a stainless kettle.

By Best Buy Company News PR News Alerts

24 Oct: Geek Squad Technology Hub Opens at Minnesota High School

Geek Squad is going back to school with a purpose in suburban Minneapolis.

The first-ever Geek Squad Technology Hub opened this week at Edina High School, and it will be staffed by an Agent for four hours each week who will triage devices, analyze tech problems and educate teachers and students about technology.

“Most of the youngsters in this building have grown up with technology, so they know how it works,” said Butch Cavello, a Geek Squad vice president. “What we want to do is enhance that experience to ensure they are getting the most out of their tech, and maybe they’ll teach us a thing or two.

1 … 54 55 56 … 67