PR News Alerts

18 Sep: Teens Teach Seniors Technology, With Help from Best Buy

Best Buy recently joined forces with two nonprofits in Washington, D.C., to help older adults connect with technology — often for the very first time — with teen mentors by their side.

The company, along with Cyber-Seniors and the Boys and Girls Club of Greater Washington, brought together 30 teens and 23 seniors at the Best Buy Teen Tech Center. The event included a reception and demonstrations led by Best Buy and Geek Squad trainers. Several other employees from area stores volunteered to help out, too, as the event happened during the Best Buy Week of Service.

By Best Buy Company News PR News Alerts

15 Sep: Cognizant Technology Solutions CFO Karen McLoughlin Joins Best Buy Board of Directors

MINNEAPOLIS – Sept. 15, 2015 – Best Buy Co., Inc. announced today the appointment of Karen McLoughlin to its Board of Directors. McLoughlin is the chief financial officer at Cognizant Technology Solutions (Nasdaq: CTSH), a Fortune 500 company and leading provider of information technology, business process and consulting services.

McLoughlin, 50, joined Cognizant in 2003 and has spearheaded several critical transformation initiatives during her time with the company. She has been the chief financial officer since 2012, overseeing the company’s worldwide accounting and controllership, enterprise risk management, financial planning and analysis, internal audit, investor relations, tax and treasury functions.

By Suzanne Hilker Company News PR News Alerts Sustainability

14 Sep: Best Buy Named to Dow Jones Sustainability Index

Best Buy has been named to the Dow Jones Index for Sustainable Investing (DJSI) for the fifth consecutive year.

The Index is the official sustainability performance ranking of the largest 600 North American companies. It follows a best-in-class approach to measure and compare companies on environmental, social and corporate governance criteria. Investors around the world use it as a tool to evaluate leadership and make decisions about which companies they want to invest in.

This year, Best Buy increased its ranking in the retail category, scoring in the 88^th percentile, 20 points above the average retail company.

By Matt Bonin, VP, Services Product Management Company News PR News Alerts

14 Sep: Best Buy Revamps Geek Squad Support Services

New plans give consumers unmatched help and expert advice for their computing needs, in-store and online

Technology has changed the world but knowing how to keep it all working – or even get the most out of it – isn’t easy. The fact is, as much as we love our technology, many of us could use some help with it. That’s where Best Buy and Geek Squad come in. We are the technology experts who can help you set up your technology and the one-stop shop you can turn to when something goes wrong.

By Best Buy Company News PR News Alerts

11 Sep: Best Buy ‘Dorm on Wheels’ Surprises 6 Students With Tech for School

With technology playing an increasingly important role in college students’ lives, keeping ahead of the curve is essential for any well-prepared student. That’s why Best Buy helped six college students start their school year off right.

Over the last month, Best Buy gave college students across the country a huge surprise as part of the #BESTCOLLEGE Challenge Contest. Six grand-prize winners, who were chosen based on college tips and advice they submitted online, were visited by a “dorm room on wheels” full of approximately $2,500 worth of the latest and greatest back-to-school products from Best Buy.

By Best Buy Company News PR News Alerts

08 Sep: Top 10 Back to School Items You Might Have Forgotten

Classes are back in session at many U.S. colleges, but according to the National Retail Federation, almost 50 percent of students have completed only half of their Back to School shopping.

Even when all the items are checked off the list, there are bound to be things that got left off.

Don’t worry, Best Buy is here to help with a lineup of the top-10 things you might have forgotten:

1. Ink cartridges: By picking up a few ink cartridges, you’ll never have to stress about faded printing before handing in your papers.

By Best Buy Community Relations PR News Alerts

08 Sep: Best Buy Foundation National Partnership Request for Proposals 2015

Best Buy Foundation Ignites Teen Potential through Technology

For decades people have turned to Best Buy for answers to their technology questions. As a company, our mission is to ignite human potential. One of the ways we do this is by supporting technology programs that bridge the digital divide by helping underserved teens build 21^st century skills to prepare for college and careers.

As experts in technology, our goal is to leverage our knowledge, resources and talented Best Buy and Geek Squad employees to empower underserved youth and help prepare them for the future.

By John Vomhof Jr. Company News PR News Alerts

04 Sep: 5 Things That Have Changed Since You Last Bought an Appliance

The average American only buys new appliances once every decade or so. They’re big purchases, and many people choose not to replace their old ones until they stop working, move or remodel.

So, if you’re in the market for a major appliance, odds are the models available today differ greatly from the ones you saw when buying your last one. Whether you’re looking for a refrigerator or range, dishwasher or microwave, washer or dryer, there has been a lot of product innovation in recent years.

By Kevin Flanagan Company News PR News Alerts

02 Sep: 5 Tips To Kick Up Your Home Theater Sound System

Say goodbye to the days when you could get by without having some sort of sound system for your television. As pictures have improved with 4K/UHD, the audio components haven’t quite kept pace.

To get the full immersive audio-visual experience, you’ve got to throw some audio equipment into the mix.

Assembling a sound system can be tough, but Best Buy is here to help get your audio game on point with these tips.

1. Ditch the wires

Wireless sound systems are quickly becoming the standard for home theater.

By Suzanne Hilker PR News Alerts Sustainability

26 Aug: Environmental Management is a Win-Win

Operating 1,400 stores across the U.S., Best Buy can have a huge environmental impact – and we want to make sure ours is a positive one.

The Best Buy Environmental Management System (EMS) has recently been re-certified to ISO 14001, a voluntary global standard of quality that reflects our commitment to the environment. Achieving ISO 14001 certification is a BIG undertaking. Why did we choose to go through the rigorous process?

The simple answer is: It’s good for business.

Implementing an EMS gives us the tools and structure to effectively and efficiently lessen our environmental impact.

By Best Buy Company News PR News Alerts

26 Aug: Christian Siriano Unveils Exclusive Collection of Tech Accessories at Best Buy

When you think about Christian Siriano, you probably think of your favorite celebrities wearing his gorgeous gowns on the red carpet. Soon, you can see his designs dress up your favorite tech devices – thanks to the new Christian Siriano for Best Buy collection.

The world-renowned designer and electronics retailer have partnered to bring shoppers a collection of cases for smartphones, tablets and laptops. All cost less than $60 and are available only at Best Buy.

“Customers want cases that show off their personal style,” said Patrick McGinnis, Vice President of Accessories at Best Buy.

By Best Buy Company News PR News Alerts

25 Aug: Best Buy Reports Fiscal Second Quarter Results

Domestic Segment Revenue Increased 3.9%

Non-GAAP Diluted EPS from Continuing Operations Increased 17% to $0.49

GAAP Diluted EPS from Continuing Operations Increased 18% to $0.46

MINNEAPOLIS, August 25, 2015 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the second quarter (“Q2 FY16”) ended August 1, 2015 as compared to the second quarter (“Q2 FY15”) ended August 2, 2014.

Printable PDF version: Click here

	Q2 FY16	Q2 FY15
Enterprise Revenue ($ in millions)¹	$8,528	$8,459
Domestic segment	$7,878	$7,585
International segment¹	$650	$874
Enterprise Comparable Sales % Change:
Excluding the estimated benefit of installment billing^2,3	2.7%	(2.2%)⁴
Estimated benefit of installment billing³	1.1%	—
Comparable sales % change²	3.8%	(2.2%)⁴
Domestic Comparable Sales % Change:
Excluding the estimated benefit of installment billing^2,3	2.7%	(2.0%)
Estimated benefit of installment billing³	1.1%	—
Comparable sales % change²	3.8%	(2.0%)
Comparable online sales % change²	17.0%	22.0%

	Q2 FY16	Q2 FY15
Operating Income:
GAAP operating income as a % of revenue	3.4%	2.7%
Non-GAAP operating income as a % of revenue⁵	3.4%	2.9%
Diluted Earnings per Share (EPS):
GAAP diluted EPS from continuing operations	$0.46	$0.39
Impact of cathode ray tube (CRT) settlements⁶	($0.03)	$0.00
Impact of non-restructuring SG&A charges⁷	$0.03	$0.02
Impact of restructuring charges⁷	$0.03	$0.01
Non-GAAP diluted EPS from continuing operations⁵	$0.49	$0.42

Hubert Joly, Best Buy chairman and CEO, commented, “We believe these better-than-expected second quarter results are affirmation that our strategy of offering advice, service and convenience at competitive prices is paying off.

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