News by Year
Best Buy Co., Inc. (NYSE: BBY) today reported net earnings of $52 million, or $0.13 per diluted share, for its fiscal third quarter ended on Nov. 29, 2008. These results were compared with net earnings of $228 million, or $0.53 per diluted share, for the prior-year fiscal third quarter. The reduction in third-quarter earnings was due in large part to a non-operating impairment charge of $111 million ($93 million net of tax, or $0.22 per diluted share), related to a significant and sustained decline in the market price of the company’s nearly 3 percent stake in the common shares outstanding of The Carphone Warehouse Group PLC (CPW).
MINNEAPOLIS – December 15, 2008 – With less than two weeks left in the holiday shopping season, the countdown is on, and shoppers are hitting both the stores and the Web to find the best deals for the perfect holiday gift. To help make last-minute shopping as enjoyable as possible, Best Buy is pleased to offer a variety of cost and time saving options from in-store pick up to an extended return policy.
MINNEAPOLIS, December 11, 2008 – Civilians are doubly stressed this holiday as financial pressures compound the anxiety many people already feel about choosing the right tech gift. A recent Consumer Electronics Association study found that while the budget for CE gifts is up 4% (to 28%) this year, overall spending on holiday goodies will be down 14%.* No one wants a disappointing gift, so how do you use a tighter budget wisely?
MINNEAPOLIS, December 10, 2008 – Best Buy Co., Inc. (NYSE:BBY) today unveiled two new TSAs (“Teen Service Announcements”) featuring American rock artists 3 Doors Down and Hinder at www.at15.org. The groups, who recently co-headlined a multi-city summer tour, participated in the TSAs in support of @15, a new teen-led social change platform underwritten by Best Buy to give teens a voice and give them opportunities to direct the company’s philanthropy through the newly-created @15 Fund.
MINNEAPOLIS – December 9, 2008 - Best Buy’s eighth annual Toys for Teens campaign is under way in an effort to make the holidays brighter for teenagers. For more than a decade Best Buy (BBY) has supported the Marine Toys for Tots Foundation. Partnering with the U.S. Marine Corps in 2001, Best Buy created the Toys for Teens charitable program to address the needs of older children. To date, Best Buy, together with its partners and customers, has raised more than $3.8 million to benefit older children across the U.S.
MINNEAPOLIS – December 8, 2008 – While more than three-quarters of Americans plan to budget the amount they spend this season according to a recent nationwide survey from Best Buy¹ (BBY) shoppers are looking for more than price when purchasing consumer electronics. Nearly 80 percent of those surveyed said well-informed salespeople, as well as post-purchase support, were key in their decision making process.
Tlalnepantla, Estado de Mexico, December 5th, 2008 – Emphasizing its confidence and commitment with Mexico, Best Buy opened today its first store in Mexico, located in Mundo E Shopping Center, at the northern part of Mexico City, in the presence of Felipe Calderon, President of Mexico, Enrique Peña Nieto, Governor of the State of Mexico, Marco Antonio Rodriguez Hurtado, Tlalnepantla Municipality Mayor, and Mr. Gerardo Ruiz Mateos, Minister of Economy.
MINNEAPOLIS, Dec 3, 2008 – A recent Best Buy nationwide survey found that three-quarters of Americans, while concerned about price, say that getting someone the right gift is their number one priority. In addition, when it comes to consumer electronics gifts, customers say assurance and advice are top priorities when they are making purchase decisions.
MINNEAPOLIS, December 2, 2008 - Best Buy, the nation’s leading consumer electronics retailer, celebrates the commitment and expertise of its employees this season by putting them front and center in a series of inspiring holiday-themed ads. The “True Stories” campaign showcases the meaningful role Best Buy employees play in helping customers select and use technology and entertainment to achieve their holiday dreams.
MINNEAPOLIS – December 1, 2008 BestBuy.com jump starts the holiday season today with Cyber Monday “web busters,” special shipping offers and enhancements to the site, ensuring consumers enjoy a great shopping experience this holiday season.
