Company News

01 Apr: Win $25K in Best Buy Credit and Transform Your Classroom’s Technology

Technology is coming to the classroom as more schools look to tablets and laptops to help teach kids across America. It might be happening faster than you think. Consider these stats:

Education Market Research says schools and districts are expecting to increase their spending on tablets during the 2014-15 school year by an average of 8.6 percent.
The Washington Post reported U.S. schools were expected to purchase 3.5 million tablets by the end of 2014. And worldwide, K-12 spending on tablets increased 60 percent from 2013 to 2014.

By Best Buy Company News PR News Alerts

31 Mar: Cynthia Vincent Debuts Exclusive Tech Accessories at Best Buy

It’s time to swap out your winter wardrobe for new spring styles – and for many of us, personalizing our smartphone is as much fun as picking out the right handbag.

For the fashion-forward, look no further. Cynthia Vincent, one of the world’s top fashion designers, is launching an exclusive collection of accessories for smartphones, tablets and laptops at Best Buy.

Her accessories sporting colorful, tribal patterns are available on BestBuy.com now and will arrive in Best Buy stores on April 12.

By Best Buy Company News PR News Alerts

28 Mar: Future Shop Consolidating Under Best Buy Brand

To strengthen its position as Canada’s leading provider of consumer electronics products, services and solutions, Best Buy Canada, a subsidiary of Best Buy Co., Inc. (NYSE:BBY) – which owns and operates both Best Buy and Future Shop stores – today announced it is consolidating the Future Shop and Best Buy stores and websites under the Best Buy brand and unveiled an ambitious plan to build a leading multi-channel customer experience.

Best Buy Canada also announced today it has reviewed its real estate footprint to address the fact that a significant number of its Future Shop and Best Buy stores are located adjacent to each other, often in the same parking lot.

By Best Buy Company News PR News Alerts

24 Mar: Best Buy Joins White House Initiative to Spark Science, Tech Education

Best Buy was among the contributors named by the White House yesterday committing to a $240 million effort to prepare students to excel in the fields of science and technology.

Best Buy is teaming up with FIRST, a youth science and technology education nonprofit, to help low-income teens around the United States compete in robotics competitions. The Best Buy Foundation is providing financial support to some 20 VISTA members who will teach robotics to teens at up to 10 locations, including Best Buy Teen Tech Centers.

By Best Buy Company News PR News Alerts

13 Mar: Geek Squad Leads Teen Tech Week’s ‘Hour of Code’ Events in 10 Cities

The room at the Arlington Hills Community Center library in St. Paul, Minnesota, was silent Wednesday while teens used tablets to learn computer coding on the popular game Angry Birds.

Determined fingers dragged and dropped parts of code, and strategically placed them in the right order to move on to next level.

“I completed puzzle eight!” one girl yelled out after finishing a tough round of code.

More than 3,000 schools and libraries across the country celebrated Teen Tech Week^TM, engaging in activities such as the coding game, provided by the nonprofit Code.org

By Best Buy Company News PR News Alerts

12 Mar: Smartphone, Tablet, and More: Watch the NCAA Tournament On the Go

It’s nearly time to start dancing.

With the 2015 NCAA men’s basketball tournament just days ahead, Best Buy helps you enjoy the games whether you’re on the couch, at your local watering hole, at work or school or on the go. In fact, our own research confirmed that more than 20 percent of all March Madness fans intend to watch the tournament from multiple screens this year.

Check out the following can’t-fail game plan, and start by finding out how to make your TV a Smart TV with a this quick video.

By Best Buy Company News PR News Alerts

05 Mar: Find More Choice in Android Smartphones at Best Buy This Spring

If you’re an Android phone user, prepare for more options this spring when two of the most popular brands launch new devices.

This week Samsung announced the new Samsung Galaxy S 6 and Galaxy S 6 Edge, and HTC unveiled the new HTC One M9 at the Mobile World Congress wireless show. The new phones will arrive at Best Buy and Best Buy Mobile store beginning in April and pre-registration is available now for the new Samsung phones.

Get the most of your new mobile

If you have been waiting to buy a new Samsung or HTC phone, prepare for a different purchase experience than in years past.

By Best Buy Company News PR News Alerts

03 Mar: Best Buy Announces Capital Return to Shareholders

Special Dividend of $0.51 per Share or Approximately $180 Million

21% Increase in Quarterly Dividend to $0.23 per Share

$1 Billion in Share Repurchases over Three Years

MINNEAPOLIS — March 3, 2015 — Best Buy Co., Inc. (NYSE: BBY) today announced that its Board of Directors authorized a plan to return excess capital to shareholders as follows:

A special, one-time dividend of $0.51 per share, or approximately $180 million, related to the net after-tax proceeds from LCD-related legal settlements received in the last three fiscal years;
A 21% increase in the regular quarterly dividend to $0.23 per share, effective immediately; and
The resumption of share repurchases under the existing $5 billion authorization, with the intent to repurchase $1 billion worth of shares over the next three years.

By Best Buy Company News PR News Alerts

03 Mar: Best Buy Reports Fourth Quarter Results

Non-GAAP Diluted EPS from Continuing Operations of $1.48

GAAP Diluted EPS from Continuing Operations of $1.47

Annualized Renew Blue Cost Reductions Reach $1.02 billion

MINNEAPOLIS — March 3, 2015 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the fourth quarter (“Q4 FY15”) and year ended January 31, 2015 (“FY15”), as compared to the fourth quarter (“Q4 FY14”) and year ended February 1, 2014 (“FY14”). The company today also announced that on February 13, 2015, it completed the sale of its Five Star business in China, which was classified as held for sale as of January 31, 2015, and is reporting the Five Star results in discontinued operations.

By Best Buy Company News PR News Alerts Sustainability

20 Feb: Best Buy Helps Donate $9.7M to St. Jude Children’s Research Hospital®

Photos: Courtesy of St. Jude

This past holiday, Mary Collett’s Best Buy mobile store in Odessa, Texas, was a company-wide leader in contributing to the St. Jude Thanks and Giving^® campaign.

On Wednesday, she got to see first-hand all the good that money can do at St. Jude Children’s Research Hospital^®.

“Until you visit St. Jude, you don’t really grasp the immenseness of it all,” she said during the tour of the Memphis-based hospital. “There are so many staff members.

By Derek Meister Company News PR News Alerts

19 Feb: 4 Tips to Keep Your Phone Germ-Free as Possible

Flu season is overstaying its welcome this winter, and the CDC can prove it.

Your mobile phone, that thing that’s probably attached to your hand most of the day, is a magnet for germs, and we’ve been getting questions from customers on the best way to keep it clean.

Our Geek Squad Agents have answers. See what they say to four frequently asked questions about mobile device hygiene.

1. What’s the safest way to disinfect (clean and kill germs) most mobile phones?

By Best Buy Company News PR News Alerts

18 Feb: Best Buy to Open Technology Development Center in Seattle

Best Buy, the world’s leading consumer electronics retailer, will accelerate and fuel its rapidly expanding e-commerce and mobile development capabilities by opening a technology development center in Seattle.

The development center will open in late spring 2015 in the booming, tech-centric South Lake Union area of Seattle and will focus on mobile development, private cloud and omnichannel-application development. It will employ more than 50 engineers, product managers, web architects and developers in the next year and is expected to expand to more than 100 e-commerce professionals over time.

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