Company News

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

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.

By Best Buy Company News PR News Alerts

03 Aug: 10 Tech Essentials for Back to School

This year, 30 percent of college students will live in a dorm or campus housing.

For many of them, especially freshmen, one of the most exciting aspects of heading to college is setting up their rooms. It’s easy to think about the basics, like sheets and towels, but don’t forget about must-have tech gadgets that will make their studies successful and their new home feel like … well … a home. From mini fridges to laptops, we’ve come up with the top-10 essentials for college students this year:

By Best Buy Company News PR News Alerts

30 Jul: See the World in a New Way When 360fly Arrives at Best Buy

360fly is a new camera that provides an innovative way to capture the world around you, and it will soon be for sale exclusively at Best Buy.

Slightly larger than a golf ball, 360fly is a single-lens camera that captures scenes in a 360-degree video format — video that’s fully interactive.

It packs high quality, 360-degree video into a lightweight, waterproof (down to 120 feet) and rugged design. With 360fly, you can capture your world, share to your favorite social media networks and immerse yourself in video that’s almost as good as being there.

By Suzanne Hilker Company News PR News Alerts Sustainability

23 Jul: How We Work Toward Conflict-Free

Everyone has a cell phone these days, but have you thought about what goes into making it and where the parts come from?

Making products such as cell phones involves countless people, including workers around the world who mine and process the raw materials. Take tungsten, tin, tantalum and gold (known as 3TG), for example. These minerals are used in myriad products, including consumer electronics, and are mined from deposits found across the globe, with reserves in the Democratic Republic of the Congo and adjoining countries.

By Best Buy Community Relations Company News PR News Alerts Sustainability

15 Jul: White House Taps Best Buy to Help Bridge Digital Divide in ConnectHome Initiative

Even as the promise of the connected home becomes reality for many of us, millions of Americans still have limited access to the high-speed broadband service that opens the door to opportunity. To help bridge this digital divide, Best Buy will offer the expertise of its talented employees and community outreach programs in a new ConnectHome initiative announced today by President Obama and Housing and Urban Development (HUD) Secretary Julián Castro.

The pilot program is launching in 27 cities and one tribal nation to initially reach more than 275,000 low-income households and nearly 200,000 children with the support they need to access the Internet at home.

By Best Buy Company News PR News Alerts

13 Jul: Embrace Your Geekness With These 6 Tech Tips

Today is “Embrace Your Geekness Day,” and in celebration, the 20,000 Agents of the Geek Squad have assembled these six tips to help people everywhere get the most out of their favorite gadgets.

Outsmart your smartphone:

Mobile apps and accessories let you do more than make calls or text on your smartphone. Popular apps like Evernote help with productivity, Uber with transportation and Mint with managing your finances.
Accessories like Zepp send instant feedback for your tennis, golf and baseball performance wirelessly to your mobile device.

By Suzanne Hilker Company News PR News Alerts Sustainability

10 Jul: Best Buy Included in Prestigious FTSE4Good Index

Best Buy made the prestigious FTSE4Good Index for the second year in a row.

The index includes publicly traded companies with strong environmental, social and governance practices. FTSE4Good Indices are utilized by socially responsible investors and other stakeholders to measure sustainability performance. Best Buy received the highest possible score in the environment category, on the heels of announcing that we exceeded our 20 by 20 carbon reduction goal.

For a deeper dive into our sustainability practices, check out our Fiscal Year 2015 Corporate Responsibility & Sustainability Report here.

By Best Buy Company News PR News Alerts

06 Jul: The Millennial Wedding: Bring On The Tech

These days, soon-to-be married couples are far more likely to ask for a UHD TV than china dishes. Grooms play a more significant role than they did in weddings 20 years ago. Nuptials now are more elaborate and embrace more traditions.

Those are some of the highlights of a new survey comparing feedback of couples married within the past five years with those married 20 or more years ago.

Best Buy commissioned the study with Wakefield Research to dive deeper into the world of today’s brides and grooms, following the launch earlier this year of Best Buy’s very own wedding registry.

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