Company News

09 Apr: 12-Year-Old College Basketball Whiz Kid Sam Holtz Doesn’t Go Home Empty Handed

Sam Holtz, the 12-year-old from Hawthorn Woods, Illinois, made national headlines this week when he tied for first out of 11.57 million entries in the ESPN Tournament Challenge.

One of the potential prizes for those in the top 1 percent of brackets entered (about 115,700 other entries) included a $20,000 Best Buy gift card.

Sam used his dad Butch’s email address, but rules stated a Tournament Challenge contestant had to be at least 18 years old to win.

Because he wasn’t eligible to win the overall prize, Best Buy then reached out to the Holtz family and offered a $1,000 gift card to celebrate Sam’s college basketball prowess.

By Suzanne Hilker Company News Sustainability

06 Apr: Best Buy Named ENERGY STAR® Partner of the Year – Again

We are a big fan of ENERGY STAR® products – they save our customers money and they help the environment by using less energy. And we are proud to say that ENERGY STAR likes us, too.

The Environmental Protection Agency named Best Buy 2015 ENERGY STAR Partner of the Year – for the second year in a row.

Here are a few ways that we spread the good word about ENERGY STAR:

Best Buy prominently features ENERGY STAR on BestBuy.com, where more than 1 billion visitors each year can learn about and identify ENERGY STAR certified products.

By Best Buy Company News PR News Alerts

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.

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