Best Buy to Sell its Stake in European Business to Carphone Warehouse
MINNEAPOLIS – April 30, 2013 – Best Buy Co., Inc. (NYSE:BBY), the leading authority and destination for technology products and services, today announced that it has entered into a definitive agreement for the sale of its 50 percent interest in Best Buy Europe, the joint venture it created in 2008 with Carphone Warehouse Group plc … Read More
Best Buy Announces New Member of its Board of Directors, Current Member Announces Intention to Not Seek Re-election
MINNEAPOLIS – Best Buy Co., Inc. (NYSE: BBY), the leading authority and destination for technology products and services, today announced the appointment of Russell Fradin to its Board of Directors. Fradin is the President and Chief Executive Officer of SunGard, a leading software and technology services company, serving approximately 25,000 customers in more than 70 … Read More
Best Buy Reward Zone Credit Card Holders to Receive Added Benefits Starting April 7
MINNEAPOLIS, April 3, 2013 – Reward Zone Credit Card and Reward Zone MasterCard holders will soon have the opportunity to earn even more Reward Zone points when they shop at Best Buy and BestBuy.com. Beginning April 7, card holders can receive 5 percent of their total pre-tax purchase price in Reward Zone points for discounts … Read More
Founder Richard Schulze Returns to Best Buy as Chairman Emeritus in Support of the Company’s Renew Blue Transformation Efforts
MINNEAPOLIS, March 25, 2013 — Best Buy and its Founder, Richard Schulze, announced today that Mr. Schulze is returning to the company as its Chairman Emeritus. In addition, Mr. Schulze has nominated Brad Anderson and Al Lenzmeier to serve on the Best Buy Board of Directors, pursuant to a previously disclosed agreement between the company … Read More
First BlackBerry Z10 in U.S. Purchased at Best Buy
Union Square 24-Hour Store Sells Z10 to First BlackBerry Fan Best Buy sold the first BlackBerry Z10 on AT&T when the handset launched at 12:01 a.m. on Friday, March 22. Best Buy’s Union Square, N.Y. store offered customers the chance to be the first to see, try and buy the Z10 at a midnight launch event. … Read More
Best Buy Offering Pre-Registrations for Samsung Galaxy S4
Customers can sign up on BestBuy.com to receive text message notifications of pre-sale and in-store dates Best Buy is now offering pre-registrations for the Samsung Galaxy S4 on BestBuy.com and in all Best Buy and Best Buy Mobile stores. The pre-registration process is simple. Customers visit www.bestbuy.com/thenextbigthing and sign up to receive text message notifications … Read More
Ron Wilson Named President and Chief Operating Officer of Best Buy Canada
Burnaby, British Colombia, March 5, 2013 – Best Buy Co., Inc., the world’s largest consumer electronics retailer, today announced Ron Wilson as the new president and chief operating officer of its Canada operations, effective immediately. In this role, Wilson will lead the business in Canada under the Future Shop and Best Buy online brands. “Ron … Read More
Best Buy Comments on Status of Agreement with Dick Schulze
The deadline by which Mr. Schulze could make an offer to acquire the company expired yesterday, February 28, 2013, at the end of the day. The company received no such offer and will continue to focus on its transformation for the benefit of all of its stakeholders. Media Contact: Matt Furman matt.furman@bestbuy.com Amy von Walter … Read More
Best Buy Reports Fourth Quarter and Fiscal Year Results
0.9% Fourth Quarter Domestic Comparable Store Sales Increase $965 Million Adjusted Annual Free Cash Flow $150 Million in Phase One Renew Blue Cost Reductions MINNEAPOLIS, March 1, 2013 – Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week fourth quarter (“Q4 FY13”) and 53-week fiscal year ended February 2, 2013 (“FY13”), … Read More
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