Company News

By Best Buy Company News

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.

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By Best Buy Company News Sustainability

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.
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By Best Buy Company News

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.

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By Best Buy Company News Sustainability

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.

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By Best Buy Company News Sustainability

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.

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By Best Buy Company News

04 Sep: Joly starts first official day as President, Chief Executive Officer of Best Buy

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.

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By Best Buy Company News

06 Jun: Best Buy’s Geek Squad Encourages Innovation Early with 6th Annual Geek Squad Summer Academy(TM) Program Launching June 10

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.

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By Best Buy Company News Sustainability

23 May: Best Buy Awards More Than $1 Million to 2012 Scholarship Program Winners

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.

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By Best Buy Company News Sustainability

11 May: STATEMENT: Best Buy Recognized Among Nation’s Green Powered Organizations By U.S. EPA

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/.

About Best Buy Co., Inc.

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By Best Buy Company News

01 Aug: STATEMENT: Best Buy® Welcomes the Introduction of National E-Fairness Legislation

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

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By Best Buy Company News

10 Mar: Best Buy Supports E-Fairness

MINNEAPOLIS, March 10, 2011 – Best Buy Co., Inc. (NYSE:BBY), a leading retailer of consumer technology, today praised Governor Pat Quinn for signing the “Main Street Fairness Act” which will help the state’s retail merchants compete on a level playing field with online-only retailers, and help maintain and grow retail jobs in Illinois.

The legislation requires online-only retailers with an Illinois presence through affiliates to collect and remit sales taxes due from consumers that traditional brick-and-mortar stores already collect. Best Buy makes significant investments in property, payroll and philanthropy in Illinois communities.

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By Best Buy Company News

03 Mar: Best Buy Issues Open Letter Inviting U.S. Small Businesses To Join Its Affiliate Program

MINNEAPOLIS, March 3, 2011 – Best Buy Co., Inc. (NYSE:BBY), a leading retailer of consumer electronics, today issued an open letter to U.S. small businesses that participate in affiliate programs with online retailers:

Dear Affiliates,

Best Buy is aware of the uncertainty you are facing in this current economic environment. We know that some companies are reviewing their affiliate programs as activity increases in specific states considering e-fairness legislation. This legislation requires online-only retailers who utilize affiliates to collect sales tax due on purchases by residents in those states.

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