Consumer Electronics

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15 Jan: Best Buy Reports Increase in Holiday Revenue

Enterprise revenue increased 2.1%

Domestic comparable sales increased 2.6%, excluding the

benefit of mobile phone installment billing

 

MINNEAPOLIS — Jan. 15, 2015 — Best Buy Co., Inc. (NYSE: BBY) today announced revenue results for the nine weeks ended January 3, 2015, as compared to the nine weeks ended January 4, 2014, excluding revenue from the Five Star business in China. As announced on December 4, 2014, the company entered into a definitive agreement for the sale of its Five Star business in China and expects to include its results in discontinued operations beginning in Q4 FY15.

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04 Dec: Best Buy to Sell its Five Star Business in China

MINNEAPOLIS –  Dec. 4, 2014 –  Best Buy Co., Inc. (NYSE:BBY) today announced that it has entered into a definitive agreement for the sale of its Five Star business to the Jiayuan Group, a prominent China-based real estate firm led by Chairman Yuxing Shen. This sale does not affect Best Buy’s private label operations in China.

“Over the last two years we have worked to improve our business in China and are proud of the progress we have made there,” said Hubert Joly, president and chief executive officer of Best Buy.

Recycling

22 Apr: Stop by Best Buy on Earth Day. We’ll All Be Better for It.

By Scott Weislow

In the roughly 20 minutes that it takes me to write this, Best Buy will recycle 8,000 pounds of electronics. That’s four tons – the bulk of an adult rhino.

An equally giant task is making it easy for you to get rid of your old gear. E-waste is the fastest growing waste stream on the planet, yet less than half of all Americans even know they can recycle their old electronics.

Those people who do know about Best Buy’s free recycling services often ask me, “Why bother?”