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07 Jan: New Year’s Resolutions Made Easy with Wearable Tech

Jawbone UP MOVE
Have you made your New Year’s resolution yet? There’s a good chance it includes exercise. According to a University of Scranton study, getting fit is consistently one of the top five most common resolutions but only eight percent of us are successful in keeping them. Since resolutions are hard to stick to, Best Buy has a ton of wearable tech options that will keep you on track into the rest of 2015.

By now, you’ve probably seen or heard about a number of new wearable devices, including activity trackers.

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20 Nov: Best Buy Announces Fiscal Third Quarter Results

Non-GAAP diluted EPS from continuing operations of $0.32

GAAP diluted EPS from continuing operations of $0.30

$65 million in additional annualized Renew Blue cost reductions, bringing the cumulative total to $965 million

 

MINNEAPOLIS, November 20, 2014 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week third quarter (“Q3 FY15”) ended November 1, 2014, as compared to the 13-week third quarter (“Q3 FY14”) ended November 2, 2013.

 

Revenue Q3 FY15 Q3 FY14
Revenue ($ in millions) $9,380 $9,327
Comparable sales % change1,2 2.2% 0.3%
       Domestic Segment:
   Comparable sales % change 3.2% 1.8%
   Comparable online sales % change 21.6% 15.1%
       International Segment:
   Comparable sales % change (3.0%) (6.4%)

 

Operating Income Q3 FY15 Q3 FY14
GAAP operating income as a % of revenue 2.0% 1.0%
Non-GAAP operating income as a % of revenue3 2.2% 1.4%

 

Diluted EPS Q3 FY15 Q3 FY14
GAAP diluted EPS from continuing operations $0.30 $0.12
Impact of non-restructuring asset impairments $0.01 $0.02
Impact of restructuring charges $0.02 $0.06
Impact of gain on sale of investments ($0.01) ($0.01)
Benefit of income tax impact of Best Buy Europe sale $0.00 ($0.01)
Non-GAAP diluted EPS from continuing operations3 $0.32 $0.18

 

Hubert Joly, Best Buy president and CEO, commented, “In the third quarter, our teams delivered positive comparable sales, improved profitability and continued progress in our Renew Blue transformation.

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05 Nov: New Fitness Devices Arrive: Which One for Me?

In a world full of breaking news around activity trackers and fitness devices, you’re probably wondering which one will get you moving, staying active and sleeping better?

Just today, Jawbone introduced two new activity trackers into their family, the Jawbone UP3 and UP MOVE. And last week, Fitbit announced three new products: Fitbit Charge, (available now in Black at Best Buy stores and at BestBuy.com) Charge HR and Surge. These devices help users have a better understanding of their activities and improve their daily activity habits.

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28 Oct: A Few Tips for the House, On the House

Last year, Best Buy’s U.S. customers purchased more than 20 million ENERGY STAR® certified products, saving them upwards of $76 million in energy costs. That’s the carbon emission equivalent of taking 98,000 cars off the road. Seeing as October is Energy Awareness Month and chillier days aren’t far behind, here are a few tips for saving both energy and money.

  • Install a programmable thermostat in your house, which allows you to adjust the temperature when you’re not home
  • When shopping for a new TV or appliance, look for the ENERGY STAR mark to find the most energy-efficient products
  • Wash your laundry with cold water – your clothes will be just as clean
  • Replace old light bulbs with new energy-saving LEDs, which save up to $100 over the lifetime of the bulb
  • Use a “smart” power strip to avoid standby power – the energy used by some products when they are turned off but still plugged into a power/wall outlet
  • Disable “instant on” and “standby” modes when you are not using your gaming console

Products for your home that enable you to help manage your energy consumption, secure your home and do it all at the push of a button are available online at Connected Home on BestBuy.com,

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15 Oct: ‘Intel Technology Experience’ Zones to Bring Access to Inspiration at Best Buy

While most (79%) of Americans are excited about the chance to learn and try out new technologies, half are frustrated by the lack of access to them beyond what they read or see in the media, according to a new study by Intel and Toluna.

That’s the reason why Intel and Best Buy are now teaming up to bring new Intel Technology Experience zones to 50 Best Buy stores in major markets across the U.S. The Intel Technology Experience lets customers – from tech enthusiasts to technophobes – play, explore, and be inspired by the power of technology with hands-on activities like 3D printing and virtual reality games.

15 Feb: Best Buy ends ‘showrooming’ with Low Price Guarantee

MINNEAPOLIS, February 15, 2013 – Best Buy’s Low Price Guarantee hits online and in stores on March 3, signaling the end of “showrooming.” Best Buy will price match all local retail competitors and 19 major online competitors in all product categories and on nearly all in-stock products, whenever asked by a customer.

Best Buy is the only retailer to offer a Low Price Guarantee in addition to having a full range of the latest and greatest devices and services, a sales force dedicated to providing impartial and knowledgeable advice and full support for the life of the product.

14 Feb: Best Buy Reaction to eFairness Legislation

MINNEAPOLIS – February 14, 2013 – Best Buy Co., Inc. (NYSE:BBY), the largest consumer electronics retailer applauded federal legislation introduced today that gives individual states the authority to apply sales tax collection laws fairly to all sellers, regardless of selling channel. The Marketplace Fairness Act, sponsored by U.S. Senators Durbin, Heitkamp, Alexander and Enzi and U.S. House Representatives Womack, Noem, Speier, Conyers and Welch, would update old laws – established well before the days of online shopping – that only applied to retailers, like Best Buy, that had physical locations.

30 Jan: Best Buy Releases Teaser to “Big Game” Spot Featuring Amy Poehler

MINNEAPOLIS,  January 30, 2013 – Best Buy releases teaser to “Big Game” spot featuring Amy Poehler

WHAT: Catch a glimpse of our Blue Shirts’ most inquisitive customer yet, Amy Poehler. Keep an eye out for the full commercial during the first quarter of the big game.

As previously announced, Poehler will star in the retailer’s third consecutive Super Bowl commercial. Just coming off of her highly successful and hilarious co-hosting duties for the Golden Globe Awards, Poehler brings the Best Buy story to life for millions of football and advertising fans in a very funny and compelling way.

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.

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.