Company News

By Suzanne Hilker Company News PR News Alerts Sustainability

14 Sep: Best Buy Named to Dow Jones Sustainability Index

Best Buy has been named to the Dow Jones Index for Sustainable Investing (DJSI) for the fifth consecutive year.

The Index is the official sustainability performance ranking of the largest 600 North American companies. It follows a best-in-class approach to measure and compare companies on environmental, social and corporate governance criteria. Investors around the world use it as a tool to evaluate leadership and make decisions about which companies they want to invest in.

This year, Best Buy increased its ranking in the retail category, scoring in the 88^th percentile, 20 points above the average retail company.

By Matt Bonin, VP, Services Product Management Company News PR News Alerts

14 Sep: Best Buy Revamps Geek Squad Support Services

New plans give consumers unmatched help and expert advice for their computing needs, in-store and online

Technology has changed the world but knowing how to keep it all working – or even get the most out of it – isn’t easy. The fact is, as much as we love our technology, many of us could use some help with it. That’s where Best Buy and Geek Squad come in. We are the technology experts who can help you set up your technology and the one-stop shop you can turn to when something goes wrong.

By Best Buy Company News PR News Alerts

11 Sep: Best Buy ‘Dorm on Wheels’ Surprises 6 Students With Tech for School

With technology playing an increasingly important role in college students’ lives, keeping ahead of the curve is essential for any well-prepared student. That’s why Best Buy helped six college students start their school year off right.

Over the last month, Best Buy gave college students across the country a huge surprise as part of the #BESTCOLLEGE Challenge Contest. Six grand-prize winners, who were chosen based on college tips and advice they submitted online, were visited by a “dorm room on wheels” full of approximately $2,500 worth of the latest and greatest back-to-school products from Best Buy.

By Best Buy Company News PR News Alerts

08 Sep: Top 10 Back to School Items You Might Have Forgotten

Classes are back in session at many U.S. colleges, but according to the National Retail Federation, almost 50 percent of students have completed only half of their Back to School shopping.

Even when all the items are checked off the list, there are bound to be things that got left off.

Don’t worry, Best Buy is here to help with a lineup of the top-10 things you might have forgotten:

1. Ink cartridges: By picking up a few ink cartridges, you’ll never have to stress about faded printing before handing in your papers.

By John Vomhof Jr. Company News PR News Alerts

04 Sep: 5 Things That Have Changed Since You Last Bought an Appliance

The average American only buys new appliances once every decade or so. They’re big purchases, and many people choose not to replace their old ones until they stop working, move or remodel.

So, if you’re in the market for a major appliance, odds are the models available today differ greatly from the ones you saw when buying your last one. Whether you’re looking for a refrigerator or range, dishwasher or microwave, washer or dryer, there has been a lot of product innovation in recent years.

By Kevin Flanagan Company News PR News Alerts

02 Sep: 5 Tips To Kick Up Your Home Theater Sound System

Say goodbye to the days when you could get by without having some sort of sound system for your television. As pictures have improved with 4K/UHD, the audio components haven’t quite kept pace.

To get the full immersive audio-visual experience, you’ve got to throw some audio equipment into the mix.

Assembling a sound system can be tough, but Best Buy is here to help get your audio game on point with these tips.

1. Ditch the wires

Wireless sound systems are quickly becoming the standard for home theater.

By Best Buy Company News PR News Alerts

26 Aug: Christian Siriano Unveils Exclusive Collection of Tech Accessories at Best Buy

When you think about Christian Siriano, you probably think of your favorite celebrities wearing his gorgeous gowns on the red carpet. Soon, you can see his designs dress up your favorite tech devices – thanks to the new Christian Siriano for Best Buy collection.

The world-renowned designer and electronics retailer have partnered to bring shoppers a collection of cases for smartphones, tablets and laptops. All cost less than $60 and are available only at Best Buy.

“Customers want cases that show off their personal style,” said Patrick McGinnis, Vice President of Accessories at Best Buy.

By Best Buy Company News PR News Alerts

25 Aug: Best Buy Reports Fiscal Second Quarter Results

Domestic Segment Revenue Increased 3.9%

Non-GAAP Diluted EPS from Continuing Operations Increased 17% to $0.49

GAAP Diluted EPS from Continuing Operations Increased 18% to $0.46

MINNEAPOLIS, August 25, 2015 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the second quarter (“Q2 FY16”) ended August 1, 2015 as compared to the second quarter (“Q2 FY15”) ended August 2, 2014.

Printable PDF version: Click here

	Q2 FY16	Q2 FY15
Enterprise Revenue ($ in millions)¹	$8,528	$8,459
Domestic segment	$7,878	$7,585
International segment¹	$650	$874
Enterprise Comparable Sales % Change:
Excluding the estimated benefit of installment billing^2,3	2.7%	(2.2%)⁴
Estimated benefit of installment billing³	1.1%	—
Comparable sales % change²	3.8%	(2.2%)⁴
Domestic Comparable Sales % Change:
Excluding the estimated benefit of installment billing^2,3	2.7%	(2.0%)
Estimated benefit of installment billing³	1.1%	—
Comparable sales % change²	3.8%	(2.0%)
Comparable online sales % change²	17.0%	22.0%

	Q2 FY16	Q2 FY15
Operating Income:
GAAP operating income as a % of revenue	3.4%	2.7%
Non-GAAP operating income as a % of revenue⁵	3.4%	2.9%
Diluted Earnings per Share (EPS):
GAAP diluted EPS from continuing operations	$0.46	$0.39
Impact of cathode ray tube (CRT) settlements⁶	($0.03)	$0.00
Impact of non-restructuring SG&A charges⁷	$0.03	$0.02
Impact of restructuring charges⁷	$0.03	$0.01
Non-GAAP diluted EPS from continuing operations⁵	$0.49	$0.42

Hubert Joly, Best Buy chairman and CEO, commented, “We believe these better-than-expected second quarter results are affirmation that our strategy of offering advice, service and convenience at competitive prices is paying off.

By Best Buy Company News PR News Alerts

19 Aug: Attending a Wedding? Don’t be ‘That Guest’!

Being a good guest has its own etiquette to follow, especially when it comes to buying a gift.

Millions of Americans will be heading off to weddings this summer and fall, and a significant part of pre-wedding prep is buying a gift. It’s never easy: What’s the right gift? How much should you spend? Is a card good enough?

With so many gift-giving events in our lives throughout a year, here are some sure-fire tips for buying wedding presents that will ensure you’re not “That Guest.”

By Best Buy Company News PR News Alerts

13 Aug: Pre-Order the New Samsung Galaxy S6 edge plus or Galaxy Note5 Now at Best Buy

It’s a great day to be an Android user; today, Samsung announced the addition of two new smartphones: the Galaxy S6 edge+ and the Galaxy Note5.

The phones aren’t on sale officially until Friday, Aug. 21 but that doesn’t mean you can’t reserve one early.

Now, Best Buy customers who pre-order, purchase or lease and activate one of the new Samsung phones in stores or on BestBuy.com will get a free wireless charging pad (while supplies last).

On the fence about upgrading?

By Best Buy Company News PR News Alerts

11 Aug: Laptop or Tablet: How to Pick the Right Device

As summer comes to an end, many of us are thinking about what our families will need for back to school – especially if we’re planning to invest in a new computer. With all of the tablets, laptops and 2-in-1 devices on the market today, it can be difficult to decide which is right for you.

Ask yourself these simple questions to figure out what device is the best fit:

How will you use your device? Determining if you’re a light, average or advanced user will help determine what device specs best fit your needs.

By Best Buy Company News PR News Alerts

06 Aug: Three Reasons Why You Need a Dash Cam

If a picture is worth a thousand words, how many is a video worth?

We’ve all seen something on the road we wish we caught on film. Whether it’s driving to or from work, running errands or going on a road trip, you never know when a dash cam might come in handy.

Dash cams are compact cameras that can be used to record 24/7 video from the view of your windshield. They’ve been used in police cars for years, and now you can use one to capture the picturesque scenery on your summer road trip and provide an “eyewitness account” in the case of an accident.

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