Company News

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

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.

By Best Buy Company News PR News Alerts

10 Feb: Play Cupid with These Gifts of Love from Best Buy

Valentine’s Day is right around the corner and this year Americans will spend more on gifts than ever before — $19 billion, claims the National Retail Federation.

And no shocker here: men will spend nearly twice as much on gifts as women – close to $200 on average.

So gentlemen, don’t settle on flowers and chocolates from the closest drug store. Best Buy has a great selection of classy, cupid-inspired gifts to choose instead.

Designer Inspired Accessories

Make your fashionista feel special with an exclusive Isaac Mizrahi tablet or phone case from this popular designer’s brand new Valentine’s Day collection.

By Best Buy Company News PR News Alerts

07 Feb: Experience Samsung’s Virtual Reality World at Best Buy

Photo credit: Samsung

You may have seen the words Virtual Reality in the headlines lately, especially if you followed the Consumer Electronics Show in Las Vegas last month. But what is virtual reality, why is it suddenly such a big deal, and why do techies want to try it out?

Starting Sunday, Feb. 8, you can see what all the hype is about by trying out the latest virtual reality headset from Samsung at select Samsung Experience Shops at Best Buy stores nationwide.

By Best Buy Company News PR News Alerts

28 Jan: What’s a Big Game Party without Delectable Food?

No matter who’s competing in the Big Game, one thing that always brings football fans together is good food and tasty beverages.

This year, borrow from the plate of Big Game host city Phoenix to satisfy everyone’s appetite. No matter where you live or what team you root for, Phoenix can inspire your menu and small appliance helpers like these can help you create the tastiest selections:

Slow-cooker – The best way to start off the game Phoenix-style is with a good black bean soup.

By Kevin Flanagan Company News PR News Alerts

27 Jan: Best Buy Manager Scores Front-Row Reporting Seats to NASA Rocket Launch

James Quandahl’s love of technology and passion for inspiring others helped him score a spot to watch and report on a NASA rocket launch this week. Seriously.

Quandahl, 27, is the Best Buy assistant manager at the Farmington Hills, Michigan, store and he’s also one of 50 social media reporters whose application to cover a satellite launch at the Vandenberg Air Force Base in southern California was approved by NASA. For two days this week, James will be live-tweeting his front-row seat experience of the event — follow him on @JamesQuandahl.

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