Profile: Best Buy Co Inc (BBY)
8 Dec 2016
Best Buy Co., Inc., incorporated on October 20, 1966, is a provider of technology products, services and solutions. The Company offers products and services to the customers visiting its stores, engaging with Geek Squad agents, or using its Websites or mobile applications. It has operations in the United States, Canada and Mexico. The Company operates through two segments: Domestic and International. The Domestic segment consists of the operations in all states, districts and territories of the United States, under various brand names, including Best Buy, bestbuy.com, Best Buy Mobile, Best Buy Direct, Best Buy Express, Geek Squad, Magnolia Home Theater, and Pacific Kitchen and Home. The International segment consists of all operations in Canada and Mexico under the brand names, Best Buy, bestbuy.com.ca, bestbuy.com.mx, Best Buy Express, Best Buy Mobile and Geek Squad. The Company operates approximately 1,200 large-format and over 400 small-format stores throughout its Domestic and International segments. It has a global sourcing operation to design, develop, test and contract-manufacture its brand products.
The Company's Domestic and International segments have offerings in over six categories, such as consumer electronics, computing and mobile phones, entertainment, appliances, services and other. Its consumer electronics consist of home theater, home automation, digital imaging, health and fitness, and portable audio. Its computing and mobile phones category consist of computing and peripherals; networking; tablets; mobile phones, which include related mobile network carrier commissions; wearables, which include smart watches, and e-readers. The entertainment category includes gaming hardware and software, movies, music, technology toys and other software. It offers appliances, such as refrigeration, dishwashers, ovens, laundry, coffee makers and blenders. It offers services, such as consultation, design, delivery, installation, set-up, protection plans, repair, technical support and educational classes. Its other category includes snacks, beverages and other sundry items. The Company's retail stores have procedures for inventory management, asset protection, transaction processing, customer relations, store administration, product sales and services, staff training and merchandise display that are standardized within each store brand.
Best Buy Co Inc
7601 Penn Ave S
RICHFIELD MN 55423-8500
Company Web Links
- Wal-Mart, Best Buy winners as holiday shopping season kicks off
- BRIEF-Best Buy sets regular qtrly cash dividend of $0.28/shr
- Best Buy same-store sales beat estimates, shares hit 3-year high
- UPDATE 2-Best Buy same-store sales beat estimates, shares hit 3-year high
- BRIEF-Best Buy sees gross margins to be flattish to up in Q4