PR News Alerts

31 Jul: Teens get a voice in new Best Buy awareness campaign

Martaize “Tez” Smith woke up early in the morning to practice his lines before the film crew arrived at his home in north Minneapolis.

The 15-year-old high school student is an aspiring filmmaker, but that day he was going to be on the other side of the camera. “I was a little nervous,” he said. “That was something I’ve never done before, but I’m a performer. That’s me. That’s who I am.”

Tez is one of three teens who star in a series of new digital videos that highlight the youth served by Best Buy’s Teen Tech Centers, which provide teens from underserved communities around the U.S.

By Best Buy Company News PR News Alerts

18 Apr: Amazon and Best Buy Announce Exclusive Multiyear Partnership to Offer New Fire TV Edition Smart TVs

Amazon partners with Best Buy because of its industry-leading role in bringing the latest technology to millions of customers

Best Buy chooses Amazon Fire TV Edition for its innovative user experience combined with the intelligence of Alexa

SEATTLE & MINNEAPOLIS — April 18, 2018 — Amazon (NASDAQ: AMZN) and Best Buy (NYSE: BBY) today announced a collaboration to bring the next generation of Fire TV Edition smart TVs to customers in the United States and Canada. As a first step in the partnership, Best Buy will launch more than ten 4K and HD Fire TV Edition models from Toshiba and Insignia, beginning this summer.

By Best Buy Company News PR News Alerts

22 Mar: Best Buy Appoints Richelle Parham to Best Buy Board of Directors

MINNEAPOLIS, March 22, 2018 – Best Buy Co., Inc. (NYSE:BBY) today announced that Richelle Parham has been appointed to its Board of Directors, effective immediately.

Parham is a general partner at Camden Partners Holdings, a Baltimore-based private equity firm focused on providing growth and seed capital to lower-middle-market companies in technology, business services, education and health care.

Parham is a seasoned executive with more than 25 years of global strategy and marketing experience. Prior to joining Camden Partners Holdings in 2016, she served as vice president and chief marketing officer of eBay.

By Suzanne Hilker Company News PR News Alerts Sustainability Uncategorized

08 Dec: Best Buy Is A Climate A-Lister

Best Buy has been recognized as a global leader in addressing climate change, securing a spot on the prestigious CDP Climate A List for the second time.

This distinction, awarded Thursday, puts Best Buy among the top 5 percent of companies participating in CDP’s climate change program, which is regarded as the “honor roll” for environmental stewardship. Best Buy is one of only two U.S. retailers named to this year’s list of 120 companies.

Reducing carbon in our operations has been a key focus at Best Buy for nearly a decade.

By John Vomhof Jr. Lifestyle PR News Alerts Uncategorized

07 Dec: National Safety Council, Best Buy Provide Holiday Safety Tips

The holiday season is one of our favorite times of the year, but unfortunately, it’s also a time when home thefts and accidents tend to rise.

On Thursday, Maureen Vogel from the National Safety Council and Pedro Melendez, a Best Buy smart home security expert, talked to media outlets around the country to educate consumers about common holiday safety hazards and how to prevent them.

Let’s start with thefts. What’s the best way to keep those online gift purchases from getting stolen?

By Best Buy Company News PR News Alerts

16 Nov: Best Buy Reports Third Quarter FY18 Results

Enterprise Comparable Sales Increased 4.4%

Diluted EPS of $0.78 Increased 30%

Raising FY18 Financial Outlook

MINNEAPOLIS, November 16, 2017 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the third quarter ended October 28, 2017 (“Q3 FY18”), as compared to the third quarter ended October 29, 2016 (“Q3 FY17”). The company reported diluted earnings per share from continuing operations of $0.78, an increase of 30% from $0.60 in Q3 FY17. (PDF version here.)

	Q3 FY18	Q3 FY17¹
Revenue ($ in millions)²
Enterprise	$9,320	$8,945
Domestic segment	$8,491	$8,192
International segment	$829	$753
Enterprise comparable sales % change	4.4%	1.8%
Domestic comparable sales % change	4.5%	1.8%
Domestic comparable online sales % change	22.3%	24.1%
International comparable sales % change	3.8%	N/A
Operating Income:
GAAP operating income as a % of revenue	3.8%	3.5%
Non-GAAP operating income as a % of revenue	3.7%	3.5%
Diluted Earnings per Share (EPS):
GAAP diluted EPS from continuing operations	$0.78	$0.60
Non-GAAP diluted EPS from continuing operations	$0.78	$0.60
For GAAP to non-GAAP reconciliations, please refer to the attached supporting schedule titled “Reconciliation of non-GAAP Financial Measures”.

By Best Buy Company News PR News Alerts

03 Nov: New Voice Shopping Features Available at Best Buy

Just in time for the holidays, there’s a new way to shop the Best Buy Deal of the Day, and it’s as easy as saying, “Alexa, talk to Best Buy.”

Starting today, Best Buy customers can learn about and order Best Buy’s Deal of the Day products on an Amazon Alexa device. Shoppers can also buy from a tailored list of recommendations that is based on their needs and taken from Best Buy’s full assortment of laptops and TVs.

Voice technology is one of the most exciting new tech trends, letting customers do everything from turning off the lights to getting traffic updates.

By Best Buy PR News Alerts Technology

01 Nov: Best Buy’s 2017 Top Tech Gifts List Helps You shop the Holidays

You want your gift to be the best one, your recipient’s favorite. The one they’ll talk about for weeks on end. Let us spark some gift ideas with Best Buy’s just released 2017 Top Tech Gifts List, a collection of 30 must-have gadgets that our tech experts are excited about this holiday season.

But we didn’t stop there. We dug deeper, surveying people to determine what they think about tech this season. They told us the following:

Married vs. Single.

By Best Buy Company News PR News Alerts

30 Oct: Free holiday shipping, expanded same-day delivery now available at Best Buy

With the holiday season approaching, your schedule will get busier and your time more valuable. But there’s shopping to be done and gift lists to tackle. So, this year, we are providing even more options to make shopping with Best Buy effortless.

“We always want to help make shopping with Best Buy as easy as possible for our customers,” said Allison Peterson, president of BestBuy.com. “But we especially want this to be the case during the holiday season. Whether a customer wants to shop in store, online with free shipping or if they need a product the same day, we want to help people easily get and give great tech.”

By John Vomhof Jr. Company News PR News Alerts

27 Oct: Best Buy’s CMO Provides Sneak Peek at New Holiday Ads

Whether it’s a new TV, smartphone or gaming console, you hope it’s the gift they open last and totally freak out about. It’s just that special.

That’s why Best Buy’s holiday marketing campaign is focused on how the recipient reacts — and how that makes you feel — when they open the perfect gift. You know, the one they’ll tell all their friends about the next day and look forward to using all year long.

Best Buy’s “Open This Last” television commercials and digital ads start running on Sunday, but we sat down with Best Buy Chief Marketing Officer Whit Alexander to get a sneak peek.

By Suzanne Hilker Company News PR News Alerts Sustainability

26 Oct: Best Buy to Reduce Carbon Emissions 60% by 2020

Best Buy today announced a new goal to reduce carbon emissions 60 percent by 2020.

This follows yesterday’s announcement in which we committed to prepare 1 million underserved teens for tech-reliant jobs each year by 2020. Together, these commitments demonstrate our holistic approach to positively impact people, communities and the environment.

Best Buy’s Chief Sustainability Officer, Laura Bishop, will speak at the annual BSR conference today and connect recent natural disasters to the company’s heightened plans for fast-tracking operational improvements and renewable sourcing.

By Best Buy Community Relations Company News PR News Alerts Sustainability

25 Oct: Best Buy Making Major Investment in Teen Tech Programs

Early on a bitterly cold Saturday in January 2006, 30 eager teens gathered in Minneapolis’ North High School gym to make the first computers they’d ever own.

A handful of Geek Squad Agents arrived with desktop components. They patiently explained the inner workings and possibilities of what they and the students would build together. By the end of the day, each of those proud teens had an invaluable learning tool to take home.

That event marked the beginning of a Best Buy movement to help underserved young people.

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