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BEST BUY CO INC (BBY)

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Business Summary
Logo Best Buy Co Inc
Retails consumer electronics, entertainment software and appliances

Best Buy Co., Inc. is a multinational retailer, which provides consumer electronics, home office products, entertainment products, appliances and related services.

The company operates through two business segments: Domestic and International.

The Domestic segment is comprised of the operations in all states, districts and territories of the U.S., operating under various brand names, including but not limited to, Best Buy, Best Buy Mobile, Geek Squad, Magnolia Audio Video, Napster and Pacific Sales.

The International segment is comprised of all operations outside the U.S. and its territories, which includes Canada, Europe, China, Mexico and Turkey.

The company also markets its products under the brand names: Best Buy, Audiovisions, Best Buy Mobile, The Carphone Warehouse, Five Star, Future Shop, Geek Squad, Magnolia Audio Video, Napster, Pacific Sales and The Phone House.

The company changed its name from Sound of Music, Inc. to Best Buy Co., Inc. in 1983. Best Buy was founded by Richard M. Schulze in 1966 and is headquartered in Richfield, MN.

Number of employees : 140 000 persons.
Sales per Businesses
201220132014
USD (in Million)%USD (in Million)%USD (in Million)%
Consumer Electronics50,27299.1%50,705103.2%42,410100%
Sales per Regions
201220132014
USD (in Million)%USD (in Million)%USD (in Million)%
United States37,18673.3%37,61576.5%35,83184.5%
Europe5,51110.9%5,22810.6%--
Canada5,46810.8%5,63511.5%4,52210.7%
China1,9523.8%2,0694.2%1,8064.3%
Other155.000.3%158.000.3%251.000.6%
International------
Managers
NameAgeSinceTitle
Hubert Joly532012President, Chief Executive Officer & Director
Hatim A. Tyabji PhD, MBA691998Chairman
Sharon L. McCollam, CPA522012EVP, Chief Financial & Administrative Officer
Kathy J. Higgins Victor571999Independent Director
Allen U. Lenzmeier, CPA701984Director
Gerard R. Vittecoq, MBA652008Independent Director
Sanjay Khosla632008Independent Director
Lisa Maria Caputo Morris502009Independent Director
Bradbury H. Anderson642013Director
Richard M. Schulze, PhD731966Chairman-Emeritus
Shareholders
NameShares%
Richard M. Schulze, PhD 60,674,67417.4%
Fidelity Management & Research Co. 44,881,41612.8%
The Vanguard Group, Inc. 22,768,4456.51%
SSgA Funds Management, Inc. 11,761,9463.36%
JPMorgan Investment Management, Inc. 11,537,2163.30%
BlackRock Fund Advisors 10,969,6543.14%
Templeton Global Advisors Ltd. 9,782,5322.80%
Columbia Management Investment Advisers LLC 8,370,1222.39%
Brown Advisory LLC 5,954,9021.70%
Quantitative Management Associates LLC 4,831,8741.38%
Sector
Consumer Cyclicals
Retailers
 Other Specialty Retailers
  Computer & Electronics Retailers
   Computer & Electronics Retailers - NEC
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Company contact information
Best Buy Co., Inc.
7601 Penn Avenue South
Richfield, MN 55423

Phone : +1.612.291.1000
Fax : +1.612.947.2422
Web : www.bestbuy.com
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