Company News
MINNEAPOLIS, November 2, 2012 – Best Buy Co., Inc. (NYSE: BBY), the industry leader in consumer electronics, today announced a new LED light bulb. Powered by Cree, Inc. (Nasdaq: CREE) LEDs, the new bulb is designed with improved features to make adoption of LED lighting easier for consumers. The Insignia LED bulb, available exclusively at Best Buy, was developed in partnership with local Twin Cities inventor, Dave Carroll, and offers distinct advantages over existing LED bulbs on the market today.
Unlike other LED bulbs, the Insignia LED light bulb looks like a traditional incandescent light bulb, a familiar bulb shape for consumers, and provides a more ambient, omni-directional light.
MINNEAPOLIS, October 9, 2012 – Best Buy Co., Inc. (NYSE:BBY) received its highest score ever from the Carbon Disclosure Project (CDP), which represents 655 institutional investors with $78 trillion in assets, for its performance and approach to the disclosure of climate change information.
Best Buy was recognized by the CDP in both the Carbon Disclosure Leadership Index (CDLI), scoring a 96 for disclosure, and the Carbon Performance Leadership Index (CPLI), scoring an “A” for performance. The combined score of 96A is tied for the second-highest score among S&P 500 companies, and is the highest combined score among retailers.
RICHFIELD, Minn. September 4, 2012 – Best Buy Co., Inc. has announced that today is Hubert Joly’s first official day as President and Chief Executive Officer of the company. Joly, appointed to his position August 20, 2012 by the Board of Directors, will spend his first week on the job working as a Blue Shirt in several Best Buy locations in the Minneapolis-St. Paul area.
“Best Buy is a company with an amazing history, enormous assets and great opportunities,” Joly said.
MINNEAPOLIS, June 6, 2012 – Best Buy’s Geek Squad today announced the 6th Annual Geek Squad Summer Academy(TM) program, an unparalleled community-supported tech immersion experience that provides young people the tech know-how to spark creativity and innovation. Introduced in 2007, this technology boot camp has grown from a one-day, one-city 300-student camp to a nationwide program that will reach nearly 10,000 students in more than 20 states this summer. The Geek Squad Summer Academy program, a contributor to the White House Joining Forces initiative, also will support tech education for military family members by hosting five customized camps on select military bases across the U.S.
MINNEAPOLIS, May 23, 2012 – Best Buy Co., Inc. (NYSE:BBY) today announced the 2012 Best Buy Scholarship Program winners, each of whom will receive a $1,000 scholarship for demonstrating excellence in academic achievements, volunteer efforts and work experience. This year, scholarships will be awarded to 1,106 students in grades 9-12, living in the U.S. and Puerto Rico, who plan to enter a full-time undergraduate course of study upon high school graduation. Best Buy and Best Buy Children’s Foundation are focused on opportunities to help teen students prepare for a brighter future with dollars for college tuition.
MINNEAPOLIS, May 11, 2012 – Best Buy Co., Inc. (NYSE:BBY) has been named to the U.S. Environmental Protection Agency (EPA) top 50 list of the largest green power purchasers. In 2011, Best Buy purchased nearly 119 million kilowatt-hours (kWh) of green power – electricity generated from renewable resources, such as wind, solar, geothermal, biogas, biomass and low-impact hydro – demonstrating a proactive choice to support renewable energy alternatives.
To view the entire list,visit: http://www.epa.gov/greenpower/toplists/.
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MINNEAPOLIS, August 1, 2011 – Best Buy Co., Inc. (NYSE:BBY), a leading retailer of consumer technology, praised the introduction of the Main Street Fairness Act (S.F. 1452) that allows states the ability to require all retailers – including remote sellers – to collect sales taxes due.
The Durbin bill grants states with simplified sales tax codes the authority to apply sales tax collection obligations fairly to all sellers. Best Buy currently collects and remits sales taxes from consumers in all states that impose one, including sales made in store, by phone or online on www.bestbuy.com