Retired Williams-Sonoma Executive, Sharon McCollam, Returns to Retail as Best Buy’s New Chief Administrative Officer and Chief Financial Officer
MINNEAPOLIS, November 12, 2012 – Best Buy Co., Inc. (NYSE: BBY), the leading multi-channel retailer of technology products and services, today announced that Sharon McCollam, the retired Director, Executive Vice President, Chief Operating and Chief Financial Officer of Williams-Sonoma, Inc., will join the company as its new Chief Administrative and Chief Financial Officer, effective December … Read More
STATEMENT: Best Buy Named on 2012 Dow Jones Sustainability Index Second Year in a Row
MINNEAPOLIS, November 9, 2012 – Dow Jones Sustainability Index (DJSI) has announced the inclusion of Best Buy Co., Inc. (NYSE: BBY), the global leader in consumer electronics, on the 2012 Dow Jones Sustainability Index (DJSI) for the second year in a row. The index is produced in conjunction with SAM’s Corporate Sustainability Assessment and uses … Read More
Best Buy Employees Honor Veterans’ Day by Preparing Holiday Care Packages for the Troops
MINNEAPOLIS, November 8, 2012 - Thousands of care packages to be shipped overseas for the holiday season WHO: As part of Best Buy’s continued support for the military, Best Buy employees at the Best Buy headquarters in Richfield, Minnesota will observe Veteran’s Day early by packing up more than 3500 holiday gifts for the troops serving … Read More
Best Buy Debuts Exclusive Insignia LED Light Bulb With Improved Features for Easier Adoption of LED Lighting
MINNEAPOLIS, November 2, 2012 – Best Buy Co., Inc. (NYSE: BBY), the industry leader in consumer electronics, today announced a new LED light bulb. Powered by Cree, Inc. (Nasdaq: CREE) LEDs, the new bulb is designed with improved features to make adoption of LED lighting easier for consumers. The Insignia LED bulb, available exclusively at … Read More
Best Buy Gets a 96A from the CDP for Carbon Performance & Climate Change Disclosure
MINNEAPOLIS, October 9, 2012 – Best Buy Co., Inc. (NYSE:BBY) received its highest score ever from the Carbon Disclosure Project (CDP), which represents 655 institutional investors with $78 trillion in assets, for its performance and approach to the disclosure of climate change information. Best Buy was recognized by the CDP in both the Carbon Disclosure … Read More
Joly starts first official day as President, Chief Executive Officer of Best Buy
RICHFIELD, Minn. September 4, 2012 – Best Buy Co., Inc. has announced that today is Hubert Joly’s first official day as President and Chief Executive Officer of the company. Joly, appointed to his position August 20, 2012 by the Board of Directors, will spend his first week on the job working as a Blue Shirt … Read More
Best Buy’s Geek Squad Encourages Innovation Early with 6th Annual Geek Squad Summer Academy(TM) Program Launching June 10
MINNEAPOLIS, June 6, 2012 – Best Buy’s Geek Squad today announced the 6th Annual Geek Squad Summer Academy(TM) program, an unparalleled community-supported tech immersion experience that provides young people the tech know-how to spark creativity and innovation. Introduced in 2007, this technology boot camp has grown from a one-day, one-city 300-student camp to a nationwide … Read More
Best Buy Reports Fiscal Fourth Quarter and Full Year 2012 Results
Outlines New Transformation Strategy Describes Specific Actions to Improve Business Performance – Fourth Quarter and Full Year EPS: GAAP: loss of ($4.89) in the fourth quarter; ($3.36) for the full year, inclusive of previously announced charges Adjusted (non-GAAP): profit of $2.47 in the fourth quarter, up 25 percent; $3.64 for the full year, up 6 … Read More
Best Buy Awards More Than $1 Million to 2012 Scholarship Program Winners
MINNEAPOLIS, May 23, 2012 – Best Buy Co., Inc. (NYSE:BBY) today announced the 2012 Best Buy Scholarship Program winners, each of whom will receive a $1,000 scholarship for demonstrating excellence in academic achievements, volunteer efforts and work experience. This year, scholarships will be awarded to 1,106 students in grades 9-12, living in the U.S. and … Read More
Best Buy Reports Fiscal First Quarter Results
GAAP diluted EPS of $0.47; adjusted (non-GAAP) diluted EPS up 11 percent to $0.72 Company building a new turnaround plan Full year guidance outlook unchanged FISCAL FIRST QUARTER PERFORMANCE SUMMARY(1) (U.S. dollars and square footage in millions, except per share and per square foot amounts) Three Months Ended May 5, 2012 April 30, 2011 Change … Read More