Best Buy

08 May: Best Buy Volunteers Teach Teens to Build Smartphone Apps and More

Creating a customized smartphone app is not something every kid can say they’ve done.

But with the help of dedicated Best Buy employee volunteers, students are getting excited about creating their own apps using the invention kit MakeyMakey.

The app workshops are part of Best Buy-sponsored events happening nationwide this year. Teens get the chance to brainstorm an app prototype, work with the latest technology and create a stop-motion video.

Best Buy’s Community Relations team has partnered with the nonprofit Break A Difference to design several large volunteer events for employees throughout the United States.

By Best Buy Company News PR News Alerts

27 Apr: Apple Pay Now Accepted in Best Buy App, Coming to Stores Later This Year

Starting today, Best Buy customers can use Apple Pay to make purchases in the Best Buy app when using an iPhone 6 or iPhone 6 Plus. A free update is now available in the Apple App Store.

All U.S. Best Buy stores will begin accepting Apple Pay later this year.

Today’s consumers have many different ways to spend their money and we want to give our customers as many options as possible in how they pay for goods and services at Best Buy.

By Best Buy Company News PR News Alerts

13 Apr: Best Buy Announces Retirement of Board Chairman, Hatim Tyabji, Names Hubert Joly as Chairman & CEO

MINNEAPOLIS, April 13, 2015 – Best Buy Co., Inc. (NYSE: BBY) announced today that Board Chairman Hatim Tyabji is retiring from the Board effective June 9, 2015. Tyabji has been a Board member since 1998 and chairman of the Best Buy Board of Directors since 2012.

Best Buy President and CEO, Hubert Joly, will succeed Tyabji and take on the additional role of Board chairman. Russell P. Fradin, President and CEO of SunGard and a Best Buy Board member since April 2013, will serve as Lead Independent Director.

By Best Buy Company News PR News Alerts

09 Apr: 12-Year-Old College Basketball Whiz Kid Sam Holtz Doesn’t Go Home Empty Handed

Sam Holtz, the 12-year-old from Hawthorn Woods, Illinois, made national headlines this week when he tied for first out of 11.57 million entries in the ESPN Tournament Challenge.

One of the potential prizes for those in the top 1 percent of brackets entered (about 115,700 other entries) included a $20,000 Best Buy gift card.

Sam used his dad Butch’s email address, but rules stated a Tournament Challenge contestant had to be at least 18 years old to win.

Because he wasn’t eligible to win the overall prize, Best Buy then reached out to the Holtz family and offered a $1,000 gift card to celebrate Sam’s college basketball prowess.

By Suzanne Hilker Company News Sustainability

06 Apr: Best Buy Named ENERGY STAR® Partner of the Year – Again

We are a big fan of ENERGY STAR® products – they save our customers money and they help the environment by using less energy. And we are proud to say that ENERGY STAR likes us, too.

The Environmental Protection Agency named Best Buy 2015 ENERGY STAR Partner of the Year – for the second year in a row.

Here are a few ways that we spread the good word about ENERGY STAR:

Best Buy prominently features ENERGY STAR on BestBuy.com, where more than 1 billion visitors each year can learn about and identify ENERGY STAR certified products.

By Best Buy Company News PR News Alerts

28 Mar: Future Shop Consolidating Under Best Buy Brand

To strengthen its position as Canada’s leading provider of consumer electronics products, services and solutions, Best Buy Canada, a subsidiary of Best Buy Co., Inc. (NYSE:BBY) – which owns and operates both Best Buy and Future Shop stores – today announced it is consolidating the Future Shop and Best Buy stores and websites under the Best Buy brand and unveiled an ambitious plan to build a leading multi-channel customer experience.

Best Buy Canada also announced today it has reviewed its real estate footprint to address the fact that a significant number of its Future Shop and Best Buy stores are located adjacent to each other, often in the same parking lot.

By Best Buy Company News PR News Alerts

24 Mar: Best Buy Joins White House Initiative to Spark Science, Tech Education

Best Buy was among the contributors named by the White House yesterday committing to a $240 million effort to prepare students to excel in the fields of science and technology.

Best Buy is teaming up with FIRST, a youth science and technology education nonprofit, to help low-income teens around the United States compete in robotics competitions. The Best Buy Foundation is providing financial support to some 20 VISTA members who will teach robotics to teens at up to 10 locations, including Best Buy Teen Tech Centers.

By Suzanne Hilker Sustainability

23 Mar: Fewer Chemicals, Same Fire Safety for Insignia TVs

Note: This story has been updated.

Over the past several years, there has been heightened awareness about potentially hazardous chemicals in products. Consumers have become increasingly aware of what they put on their skin, handle on a daily basis and store in their homes. Some consumer electronics contain chemicals necessary to protect against immediate safety concerns like fire hazards. At Best Buy, we’re actively working to protect our consumers through safer alternatives or by eliminating potentially harmful chemicals.

With that in mind, we’re making improvements to our private label products.

By Best Buy Company News PR News Alerts

13 Mar: Geek Squad Leads Teen Tech Week’s ‘Hour of Code’ Events in 10 Cities

The room at the Arlington Hills Community Center library in St. Paul, Minnesota, was silent Wednesday while teens used tablets to learn computer coding on the popular game Angry Birds.

Determined fingers dragged and dropped parts of code, and strategically placed them in the right order to move on to next level.

“I completed puzzle eight!” one girl yelled out after finishing a tough round of code.

More than 3,000 schools and libraries across the country celebrated Teen Tech Week^TM, engaging in activities such as the coding game, provided by the nonprofit Code.org

By Best Buy Company News PR News Alerts

12 Mar: Smartphone, Tablet, and More: Watch the NCAA Tournament On the Go

It’s nearly time to start dancing.

With the 2015 NCAA men’s basketball tournament just days ahead, Best Buy helps you enjoy the games whether you’re on the couch, at your local watering hole, at work or school or on the go. In fact, our own research confirmed that more than 20 percent of all March Madness fans intend to watch the tournament from multiple screens this year.

Check out the following can’t-fail game plan, and start by finding out how to make your TV a Smart TV with a this quick video.

By Best Buy Company News PR News Alerts

03 Mar: Best Buy Announces Capital Return to Shareholders

Special Dividend of $0.51 per Share or Approximately $180 Million

21% Increase in Quarterly Dividend to $0.23 per Share

$1 Billion in Share Repurchases over Three Years

MINNEAPOLIS — March 3, 2015 — 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 special, one-time dividend of $0.51 per share, or approximately $180 million, related to the net after-tax proceeds from LCD-related legal settlements received in the last three fiscal years;
A 21% increase in the regular quarterly dividend to $0.23 per share, effective immediately; and
The resumption of share repurchases under the existing $5 billion authorization, with the intent to repurchase $1 billion worth of shares over the next three years.

By Best Buy Company News PR News Alerts

03 Mar: Best Buy Reports Fourth Quarter Results

Non-GAAP Diluted EPS from Continuing Operations of $1.48

GAAP Diluted EPS from Continuing Operations of $1.47

Annualized Renew Blue Cost Reductions Reach $1.02 billion

MINNEAPOLIS — March 3, 2015 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the fourth quarter (“Q4 FY15”) and year ended January 31, 2015 (“FY15”), as compared to the fourth quarter (“Q4 FY14”) and year ended February 1, 2014 (“FY14”). The company today also announced that on February 13, 2015, it completed the sale of its Five Star business in China, which was classified as held for sale as of January 31, 2015, and is reporting the Five Star results in discontinued operations.

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