Best Buy statement on Renew Blue Transformation Efforts
MINNEAPOLIS, February 26, 2013 – Best Buy Co., Inc. (NYSE: BBY) today confirmed that it has, as part of its Renew Blue transformation efforts, eliminated approximately $150 million in SG&A costs, including an approximate 400 person reduction in employee headcount at its headquarters. The majority of these savings come from non-salary expenses. This initial reduction has … Read More
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 … Read More
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 … Read More
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 … Read More
Announcement: Best Buy Scores Amy Poehler for “Big Game” Commercial
MINNEAPOLIS, February 23, 2013 – Best Buy confirms that comedic A-lister Amy Poehler will star in the retailer’s third consecutive Super Bowl commercial set to debut on Feb. 3 during the first quarter of the Big Game. Just coming off of her highly successful and hilarious co-hosting duties for the Golden Globe Awards, Poehler brings … Read More
Best Buy Announces Holiday Revenue Results
MINNEAPOLIS, January 11, 2013 – Best Buy Co., Inc. (NYSE: BBY) today announced revenue of $12.8 billion for the nine weeks ended January 5, 2013 compared to $12.9 billion for the nine weeks ended December 31, 2011. Domestic comparable store sales flat Free cash flow guidance updated “One of the first priorities of our … Read More
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- … Read More
Best Buy Board and Founder Richard Schulze Agree to Amend August 26th Cooperation Agreement
MINNEAPOLIS, Dec. 14, 2012 – Best Buy Co., Inc. (NYSE: BBY) and founder Richard Schulze today announced that they have agreed to amend the terms of their August 26, 2012 agreement that allowed Mr. Schulze access to certain due diligence information and permission to form an investment group in furtherance of making a fully financed … Read More
Best Buy Among First to Offer Microsoft Surface Tablet to Consumers
MINNEAPOLIS, Dec. 12, 2012 – Best Buy, the global leader in consumer electronics, announced it will launch the Microsoft Surface tablet on BestBuy.com today at Noon CST. The Surface will also be available in all Best Buy and select Best Buy Mobile specialty stores nationwide this Sunday, Dec. 16. “Right now the only place you … Read More
Best Buy Confirms Significant Decline in Fiscal Third Quarter 2013 Earnings
MINNEAPOLIS, November 20, 2012 – Best Buy Co., Inc. (NYSE: BBY) today announced a GAAP net loss from continuing operations of $13 million, or $0.04 per share, for the three months ended November 3, 2012 compared to net earnings from continuing operations of $173 million, or $0.47 per diluted share for the prior-year period. Excluding … Read More