best buy

25 Feb: Best Buy Announces Capital Return to Shareholders

22% Increase in Quarterly Dividend to $0.28 per Share

New $1 Billion Share Repurchase Program over Two Years

Special Dividend of $0.45 per Share or Approximately $145 Million

MINNEAPOLIS, February 25, 2016 — Best Buy Co., Inc. (NYSE: BBY) today announced that its Board of Directors authorized a plan to return excess capital to shareholders as follows:

A 22% increase in the regular quarterly dividend to $0.28 per share, effective immediately;
A new $1 billion share repurchase plan expected to be completed over the next two years; and
A special dividend of $0.45 per share, or approximately $145 million; related to the net after-tax proceeds from certain legal settlements and asset disposals.

By Best Buy Company News PR News Alerts

25 Feb: Best Buy Reports Better-Than-Expected Fourth Quarter Earnings

Non-GAAP Diluted EPS from Continuing Operations Increased 3% to $1.53

GAAP Diluted EPS from Continuing Operations Decreased 5% to $1.39

Domestic Segment Revenue Decreased 1.5%

Repurchased $615 million in Stock for a Fiscal 2016 Total of $1 billion

MINNEAPOLIS, February 25, 2016 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the fourth quarter (“Q4 FY16”) and year ended January 30, 2016 (“FY16”), as compared to the fourth quarter (“Q4 FY15”) and year ended January 31, 2015 (“FY15”). PDF Version.

By Best Buy Community Relations Company News Sustainability

22 Feb: Tech Center Teens Get Career Advice From Best Buy

When it comes to applying for a first job — or any job for that matter — many people stress over writing their resume and preparing for the interview process.

Best Buy recently helped 25 students from the Best Buy Teen Tech Center at Little Black Pearl in Chicago learn how to turn that stress into success during a company-sponsored career workshop.

The goal: to give the students pointers on professionalism and how to stand out as a job candidate.

“It was amazing to see the “ah-ha” moments when they learned to look at things differently” said Frank Barciak, a human resource manager for Best Buy Mobile.

By Best Buy Company News PR News Alerts

21 Feb: Pre-Order Galaxy S7, Galaxy S7 edge at Best Buy, Get Gear VR, too

Big news for Android users: Samsung unveiled two new smartphones, the Galaxy S7 and the Galaxy S7 edge, today at Mobile World Congress.

Think you need to be in Barcelona to see the new devices? Think again.

You can experience the new phones in the Samsung Experience Shops in all Best Buy and Best Buy Mobile stores beginning this Wednesday, Feb. 24. Best Buy is the first place customers can check out Samsung’s latest and greatest devices in person.

The phones will officially go on sale March 11, but you will be able to pre-order the Galaxy S7 and the Galaxy S7 edge starting Tuesday, Feb.

By Best Buy Company News

18 Feb: How to Plan a Star-Worthy Viewing Party

And the award goes to … my friends … for throwing the best annual Academy Awards® viewing party around.

That’s right, celebrities don’t have to be the only ones having all the fun on the big night. All you need is a little technology and a spark of creativity to create an enviable red carpet experience or partake in a 21^st-century ballot competition.

Here are a few ways you can make a viewing party fun this year:

Watch the movies beforehand

Watching the awards show is much more enjoyable if you’ve seen the performances that are getting honored.

By Best Buy Company News PR News Alerts

16 Feb: With Oculus Rift Ready Now For Pre-Order, Here’s a VR Primer

The buzz is no longer virtual: Oculus Rift, the highly anticipated virtual reality system, is available for pre-order today on BestBuy.com.

Virtual reality, or VR, is a new technology that allows users to immerse themselves in lifelike locations — like a packed concert or the depths of the ocean — using a headset that’s paired with a PC, smartphone or other device. The technology lets you live in your favorite video game or even virtually “hang out” with friends from the comfort of your own home.

By Suzanne Hilker Company News Sustainability

11 Feb: EPA Honors Best Buy for Recycling Program

The U.S. Environmental Protection Agency (EPA) named Best Buy a Gold Tier Award Winner at the agency’s National Sustainable Materials Management (SMM) Program Electronics Challenge ceremonies in Washington, D.C. on Thursday.

The EPA distinction recognizes our commitment to electronics recycling, transparent management practices and consumer education throughout 2014. In that year alone, we sent 61,000 tons of electronics to certified recyclers. Recycling that amount is equal to taking 31,000 passenger vehicles off the road for a whole year.

Our recycling program is a key part of a larger Best Buy product stewardship story.

By Natalie Albers Company News

10 Feb: Best Buy Leaders Visit St. Jude Patients, Bring $10.2 Million in Customer Donations

The recent St. Jude Thanks and Giving^® campaign at Best Buy was the most successful one yet, but it’s the faces behind the cause that really matter. And this week, a group of Best Buy store general managers (GMs) got to see those faces, in person, at St. Jude Children’s Research Hospital^®.

The GMs were from the stores that led the company in dollars donated or the percentage of transactions with a donation attached. As recognition for their fundraising, the leaders got to tour the hospital in Memphis and meet with patients and families.

By Best Buy Company News PR News Alerts

09 Feb: Pre-Order Oculus Rift Virtual Reality System at Best Buy

Ever wanted to feel like you were in your favorite video game or jump over to a destination on the other side of the world? Well, virtual reality, or VR, is your way in, and you won’t have to wait much longer to make it happen.

On Feb. 16, Best Buy will begin to offer pre-orders for the Oculus Rift headset, the latest in virtual reality technology, with a select gaming PC optimized to work with the device. The headset should be available later this spring.

By Best Buy Company News

03 Feb: You Wish Your TV Room Looked Like This

Man Cave. Media Room. Home Theater.

No matter what you call it, the TV room is the coolest room in the house.

And with pro football’s Big Game coming up on Feb. 7, take a moment and look at the drool-inducing television creations our friends at Magnolia can whip up and turn into reality.

Just a heads up: these half-dozen photos are jaw dropping. Don’t act like we didn’t warn you.

The ‘Forget the Stadium, Get Stadium Seating’ Setup

Best Buy Magnolia Home Theater 4

The ‘TV Room With a View’ Experience

Best Buy Magnolia Home Theater 3

The ‘Thrice As Nice’ TV Room

Best Buy Magnolia Home Theater 6

The ‘No Big Deal, But My Media Room’s Stone Cold Beautiful’ Layout

Best Buy Magnolia Home Theater 1

The ‘Modern Minimalist’s Vision of a Home Theater’ Design

Best Buy Magnolia Home Theater 5

The ‘TVs Don’t Get Much Bigger Than This’ Creation

Best Buy Magnolia Home Theater 2 2

By Suzanne Hilker Company News PR News Alerts Sustainability

02 Feb: To Avoid TV Tip-Overs, Follow These 5 Safety Steps

More than 100 million people will turn on their televisions Sunday to watch the big football game.

As you’re gearing up to join them, we want to help keep your home safe from a potential danger: TV tip-overs.

A child visits an emergency room every 45 minutes because of an injury from a television tipping over, according to a U.S. Consumer Product Safety Commission report.

Here are five things to know about preventing TV tip-over accidents:

It’s all about the stand.

By Best Buy Company News Sustainability

01 Feb: Best Buy’s recycling program is changing. Here’s how and why.

This week we introduced changes in our in-store recycling program that allow us to continue to provide this service for our customers.

We are now charging customers $25 for each TV and computer monitor they recycle at our stores. And in two states – Illinois and Pennsylvania – we are no longer recycling these particular products because of laws that prevent us from collecting fees to help run our program. All other products – such as batteries, ink cartridges, computers, printers and hundreds of other items – continue to be recycled for free at all of our stores.

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