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Best Buy Overview

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Best Buy Overview
BEST BUY

Making Life Fun & Easy!

Tiago Alves
Andrew Bornstein
Mae Brana
Grace Tan
Meredith Walters

Table of Contents

Business Summary 4
Vision Statement & Corporate Values 4
Rankings 4
Market Share 5
Stock Chart – 5 Year Performance 5
Financial Highlights 6
History 7
Key Executives 8
Strategy 9
Customer Centricity 9
Value-added Services Business 11
Supply Chain and IT Systems 11
New Store Openings 11
Mergers & Acquisitions 12
Employees 13
Key Competitors 13
5-Year Performance vs Key Competitors 15
Appendix 16
Business Summary

Best Buy is a specialty retailer of consumer electronics, home-office products, entertainment software, appliances and related services in a superstore format. It operates retail stores and commercial Web sites in the U.S., Canada and China, under the brand names Best Buy (BestBuy.com and BestBuyCanada.ca), Future Shop (FutureShop.ca), Magnolia Audio Video (MagnoliaAV.com) and Geek Squad (GeekSquad.com and GeekSquad.ca). As of Feb 25 2006, Best Buy operated 742 Best Buy stores, 20 Magnolia Audio Video stores and 12 Geek Squad stores in the U.S.; and 118 Future Shop stores, 44 Best Buy stores and five Geek Squad stores in Canada.

Best Buy operates two reportable segments: Domestic and International. The Domestic segment is comprised of all U.S. store and online operations, including Best Buy, Magnolia Audio Video and Geek Squad. Magnolia Audio Video stores offer high-end audio and video products, and services. Geek Squad offers residential and commercial in-home computer repair and support. The International segment is comprised of all Canadian store and online operations, including Future Shop, Best Buy and Geek Squad. The International segment offers products and services similar to those offered by the Domestic segment. However, Canadian Best Buy stores do not carry appliances.

Additional Facts & Figures
1. Each retail location has an average of 125 store employees
2. Each store
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