Company News

06 Aug: Best Buy and Major League Soccer Hosting Windows Store Event in West L.A.

Join us for a day of fun, fitness and tech with Major League Soccer legend Cobi Jones, Clint Mathis and Mauricio Cienfuegos! Take away tips and tricks for how to stay fit this back to school season. Be one of the first 200 to demo Windows 8 between 3-5PM for a chance to win signed soccer balls and photos with Clint Mathis and Mauricio Cienfuegos! And the fun doesn’t stop there.

Come out for steals, deals, prizes, food, music and more!

20 Jun: Best Buy Releases Fiscal 2013 Corporate Responsibility & Sustainability Report

CRSR

MINNEAPOLIS – June 20, 2013:  Best Buy is consistently recognized for its sustainability leadership by the retail and consumer electronics industries. With today’s release of the company’s Fiscal 2013 Corporate Responsibility & Sustainability Report, Best Buy further demonstrates its continued leadership role in positively impacting the world.

We hope you find this information useful. To view the full report, please visit www.bby.com/sustainability.

Media Contact:

Jeremy Baier
jeremy.baier@bestbuy.com

07 May: Best Buy Statement on the Passage in the US Senate of the Bipartisan Marketplace Fairness Act

MINNEAPOLIS – May 6, 2013 – Best Buy is encouraged by the passage of the Marketplace Fairness Act in the U.S. Senate and the clear bipartisan support the measure received. This legislation does not represent a new tax, rather it simply helps to ensure fair competition that ultimately benefits consumers and our communities. The current laws were put in place before the Internet or e-commerce even existed. Just as retail has evolved over the years, the tax code needs to evolve to reflect modern patterns in how consumers shop not by creating a new tax but by enforcing the laws already on the books.

25 Mar: Founder Richard Schulze Returns to Best Buy as Chairman Emeritus in Support of the Company’s Renew Blue Transformation Efforts

MINNEAPOLIS, March 25, 2013 — Best Buy and its Founder, Richard Schulze, announced today that Mr. Schulze is returning to the company as its Chairman Emeritus. In addition, Mr. Schulze has nominated Brad Anderson and Al Lenzmeier to serve on the Best Buy Board of Directors, pursuant to a previously disclosed agreement between the company and Mr. Schulze.

“Over the past several months, I have come to know and respect Hubert, and have a high regard for the work he and his executive team are doing to revitalize Best Buy for the benefit of all stakeholders,” said Schulze.

05 Mar: Ron Wilson Named President and Chief Operating Officer of Best Buy Canada

Burnaby, British Colombia, March 5, 2013 – Best Buy Co., Inc., the world’s largest consumer electronics retailer, today announced Ron Wilson as the new president and chief operating officer of its Canada operations, effective immediately. In this role, Wilson will lead the business in Canada under the Future Shop and Best Buy online brands.

“Ron has been an integral part of Best Buy’s success in Canada for more than two decades,” said Shari Ballard, executive vice president and president, Best Buy International.

07 Jan: Best Buy Makes Digital Conversion Easy for Movie Fans with First Disc-to-Digital In-Home Service

MINNEAPOLIS, January 7, 2013 – Best Buy Co. Inc (NYSE: BBY), the global leader in consumer electronics, is making it easier than ever for consumers to enjoy their favorite movies anywhere and at any time with the launch of the first ever in-home disc-to-digital conversion service available now.  Powered by Best Buy’s video streaming service- CinemaNow – and currently in beta, consumers now have the freedom to put UltraVioletTM copies of their favorite DVD titles in the cloud, giving them access to their DVD collections from any compatible Internet-connected device including smartphones, tablets, gaming consoles and more.

20 Nov: Best Buy Confirms Significant Decline in Fiscal Third Quarter 2013 Earnings

MINNEAPOLIS, November 20, 2012 – Best Buy Co., Inc. (NYSE: BBY) today announced a GAAP net loss from continuing operations of $13 million, or $0.04 per share, for the three months ended November 3, 2012 compared to net earnings from continuing operations of $173 million, or $0.47 per diluted share for the prior-year period. Excluding previously announced restructuring charges, adjusted (non-GAAP) net earnings from continuing operations for the third quarter of fiscal 2013 were $10 million, or $0.03 per diluted share compared to $173 million and $0.47 for the prior-year period.

12 Nov: Retired Williams-Sonoma Executive, Sharon McCollam, Returns to Retail as Best Buy’s New Chief Administrative Officer and Chief Financial Officer

MINNEAPOLIS, November 12, 2012 – Best Buy Co., Inc. (NYSE: BBY), the leading multi-channel retailer of technology products and services, today announced that Sharon McCollam, the retired Director, Executive Vice President, Chief Operating and Chief Financial Officer of Williams-Sonoma, Inc., will join the company as its new Chief Administrative and Chief Financial Officer, effective December 10, 2012. McCollam, 50, left Williams-Sonoma earlier this year after serving as an executive officer for more than 12 years.

As the Chief Administrative and Chief Financial Officer, McCollam will influence and shape all aspects of Best Buy’s operations and transformation strategy.

09 Nov: STATEMENT: Best Buy Named on 2012 Dow Jones Sustainability Index Second Year in a Row

MINNEAPOLIS, November 9, 2012 – Dow Jones Sustainability Index (DJSI) has announced the inclusion of Best Buy Co., Inc. (NYSE: BBY), the global leader in consumer electronics, on the 2012 Dow Jones Sustainability Index (DJSI) for the second year in a row. The index is produced in conjunction with SAM’s Corporate Sustainability Assessment and uses a best-in-class approach to measure and compare companies, across 57 industries, on environmental, social and corporate governance. It is also used by investors around the world to evaluate leadership and risk management.

08 Nov: Best Buy Employees Honor Veterans’ Day by Preparing Holiday Care Packages for the Troops

MINNEAPOLIS, November 8, 2012 – Thousands of care packages to be shipped overseas for the holiday season

WHO: As part of Best Buy’s continued support for the military, Best Buy employees at the Best Buy headquarters in Richfield, Minnesota will observe Veteran’s Day early by packing up more than 3500 holiday gifts for the troops serving in Iraq and Afghanistan.

WHAT: The Best Buy program, Operation Patriotic Endeavor, was created in 2011 by members of Best Buy’s Military Employee Business Network as another way for employees to give back to the troops.

02 Nov: Best Buy Debuts Exclusive Insignia LED Light Bulb With Improved Features for Easier Adoption of LED Lighting

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.

09 Oct: Best Buy Gets a 96A from the CDP for Carbon Performance & Climate Change Disclosure

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.