COMPANY PROFILE
Best Buy Co., Inc.
REFERENCE CODE: 7DFBF95C-F4F8-49B6-B76A-D37C3E2FEAA8
PUBLICATION DATE: 27 Feb 2014
www.marketline.com
COPYRIGHT MARKETLINE. THIS CONTENT IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED OR DISTRIBUTED.
Best Buy Co., Inc.
TABLE OF CONTENTS
Best Buy Co., Inc.
© MarketLine
Page 2
TABLE OF CONTENTS
Company Overview……….……………………………..…………………..…..…..…..…..…...3
Key Facts……….………..……………………………………………………………………………….3
SWOT Analysis……………..……………………………………………………..…..…..…..…....4
Best Buy Co., Inc.
Company Overview
COMPANY OVERVIEW
Best Buy Co., Inc. (Best Buy or ‘the company’) is a multi-national retailer of consumer electronics,
computing and mobile phone products, entertainment software, appliances, and related services.
The company primarily operates in North America. It is headquartered in Richfield, Minnesota and
employed about 165,000 people as of February 2, 2013.
The company recorded revenues of $45,085 million in the financial year ended January 2013
(FY2013), a decrease of 11.1% compared to FY2012. The operating loss of Best Buy was $125
million in FY2013, compared to an operating profit of $1,085 million in FY2012. The net loss was
$441 million in FY2013, compared to the net loss of $1,231 million in FY2012.
In November 2011, Best Buy changed its financial year-end from the Saturday closest to the end
of February to the Saturday closest to January 31, effective beginning with FY2013. As a result,
FY2013 is an 11-month transition period beginning March 4, 2012 through February 2, 2013.
FY2013 was a 48-week period and FY2012 was a 53-week period.
KEY FACTS
Head Office Best Buy Co., Inc.
7601 Penn Avenue
South Richfield
Minnesota 55423
USA
Phone 1 612 291 1000
Fax
Web Address http://www.bestbuy.com
Revenue /
turnover (USD Mn)
45,085.0
Financial Year End January
Employees 165,000
New York Ticker BBY
Best Buy Co., Inc.
SWOT Analysis
SWOT ANALYSIS
Best Buy is a multi-national retailer of consumer electronics, computing and mobile phone
products, entertainment software, appliances, and related services. The company is one of the
largest specialty electronic retailers in the US and is expanding into international markets as it
gains greater bargaining power with the suppliers and global clout. However, intensifying
competition in the market could affect the revenue growth and profitability of Best Buy.
Strengths Weaknesses
Best Buy is one of the largest specialty
electronic retailers
Customer centric business model is a
key differentiator
Strong supporting infrastructure
Weak financial performance
Dependence on third party vendors and
manufacturers
Opportunities Threats
Higher penetration of private labels will
increase differentiation and margins
Growing Chinese retail market to
Intense competition to pressurize margins
Rise in cost of procurement from China as
labor costs surge
