Best Buy Co., Inc.

Best Buy Co., Inc.

Best Buy Co., Inc.

Overview
Date Founded

1966

Headquarters

7601 Penn Avenue South,Richfield, MN 55423-3645

Type of Company

Public

Employees (Worldwide)

125K

Industries

Retail: Appliances & Electronics
Retail: Other
Consumer Services
Internet Software & Services

Company Description

Best Buy Co., Inc. (NYSE: BBY) is the global leader in consumer electronics, with more than 1,400 large and small-format locations, more than 160,000 employees, $50B in annual revenue and the 11th largest retail website in the United States. Our “Blue Shirt” sales associates and Geek Squad agents are the authority on consumer electronics, delivering unbiased, knowledgeable advice hundreds of millions of times a year and offering unmatched support for the lifetime of the products we sell. Shop our competitively priced products and services at http://www.bestbuy.com/ or stop by one of our Best Buy or Best Buy Mobile stores to touch, test and try the latest technology. Since its inception in 1966, Best Buy Co., Inc. (NYSE:BBY) has grown steadily and enhanced its business through inspired innovations. We’re continually transforming into a dynamic, customer-driven, talent-powered company that focuses on enhancing our customers’ enjoyment of technology. Like many companies, we come from humble beginnings. We’ve been challenged signi?cantly from time to time and we’ve learned, changed and grown from each of these challenges. Today, Best Buy operates a global portfolio of brands with a commitment to growth and innovation. Our employees strive to provide customers around the world with superior experiences by responding to their unique needs and aspirations. This commitment to growth and customers has driven strong, consistent earnings growth. Retail is a business that requires constant innovation, new ideas, new ways to delight our customers and new ways to work together. To meet the unique product and service needs of our customers, our stores and operating models are being transformed to shift our focus from product-centric to customer-centric ? a move that poises Best Buy to truly offer the entertainment and technology solutions that meet our customers’ needs, end-to- end.

Contact Data
Trying to get in touch with decision makers at Best Buy Co., Inc.? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
Executives & Employees

Chairman & Chief Executive Officer

Chief Creative Officer

Chief Financial Officer & Strategic Transformation Officer

Chief Operating Officer

General Counsel & Secretary

Chief Marketing Officer

Chief Digital & Technology Officer

Senior Vice President, Controller & Chief Accounting Officer

Chief Human Resources Officer

Chief Communications & Public Affairs Officer

Board of Directors

Chairman & Chief Executive Officer at Best Buy Co., Inc.

Chief Executive Officer at Nielsen Holdings Plc

Partner at Clayton Dubilier & Rice LLC

Chief Financial Officer at Cognizant Technology Solutions Corporation

Executive Vice President, Marketing, Communications & Customer Experience at The Travelers Cos., Inc.

Vice President & General Manager of the Gastro/Urology Therapies at Medtronic, Inc.

General Partner at Camden Partners Holdings LLC

Chief Operating Officer at Best Buy Co., Inc.

Former President & Chief Executive Officer Domino's Pizza LLC at Domino's Pizza, Inc.

Paths to Best Buy Co., Inc.
Potential Connections via
Relationship Science
You
Best Buy Co., Inc.
Owners & Shareholders
Details Hidden

AQR specializes in quantitative investment analysis. The firm's models may consider a wide breadth of factors - from traditional valuation measures, momentum indicators, and price signals, to textual analysis of financial reporting and terms of trade information. They perform their research internally. AQR begins the process of building a model to test the strategy's viability once an investment approach is identified. The model building process generally consists of two steps: (1) designing an investing strategy to implement the given approach; and (2) producing testable implications. They perform ongoing research to monitor and maintain the effectiveness of its models over time. In developing quantitative forecasting computer models, they use external data. AQR may also utilize discretionary and/or hybrid strategies through a combination of quantitative and fundamental techniques. They utilize several investment strategies including, but not limited to, arbitrage strategies, equity strategies, global macro strategies, fixed income strategies, and risk parity.

Details Hidden

Swedbank Robur is an active, research-based manager with a long-term outlook. Their GARP-oriented investment approach combines top-down (using proprietary macroeconomic models) and bottom-up considerations (for regions, sectors and companies). Their investment products include equity, fixed-income and balanced funds and cover all major regions, sectors and asset classes.The bulk of the firm's assets is invested in equity. Their equity portfolios are constructed primarily of Scandinavian and European stocks, focusing on large-cap companies with a proven track record, sound management and financial stability. They manage fixed-income portfolios against indexes.Swedbank Robur conducts fundamental analysis. Investment decisions are informed by in-depth research into macroeconomics, industry sectors, and companies. Research emphasizes a regional focus on Scandinavia, Europe, the US and Asia, as well as a sector focus on health care, technology, cyclicals, consumer, financials and social responsibility.Specialist investment managers are organized in teams, and regularly visit the companies in which they invest. Portfolios are subject to an in-depth follow-up process and independent risk control.

Details Hidden

SPIAS' advisory services are provided primarily to institutions that use such advice for their own underlying clients and investors. The firm's equity allocation typically has core allocations to both international and domestic equities and is based on global equity market capitalization. SPIAS' advisory services include Asset allocation strategies, Multi-Asset strategies and fund selection, Equity strategies, S&P Competitive Advantage Large Cap Equity Strategy, S&P Dividend Income and Growth Large Cap Equity Strategy, S&P Intrinsic Value Large Cap Equity Strategy, S&P Total Yield Large Cap Equity Strategy, S&P 4 Large Cap Core Equity Strategy, S&P MID 3 Domestic Mid Cap Core Equity Strategy, Equity Income 30 Large Cap Equity Strategy and S&P International 5. Some or all of the same strategies and analytical methods are offered by the firm for their sub-advisory services for open-end registered investment companies and unregistered funds, including hedge funds.

Recent Transactions
Details Hidden

Best Buy Co., Inc. purchases GreatCall, Inc. from GTCR LLC

Details Hidden

Jiayuan.com International Ltd. purchases Jiangsu Five Star Appliance Co., Ltd. from Best Buy Co., Inc.

Details Hidden

Ricoh Company Ltd., Ricoh Americas Corporation purchase mindSHIFT Technologies, Inc. from Best Buy Co., Inc.

Transaction Advisors
Legal Advisor

Advised onBest Buy Co., Inc. purchases mindSHIFT Technologies, Inc.

Investment Advisor

Advised onBest Buy Co., Inc. purchases Carphone Warehouse Group Plc /European & US Retail Ops from The Carphone Warehouse Group Plc (Inactive)

Legal Advisor

Advised onBest Buy Co., Inc. purchases Musicland Stores Corp.

Legal Advisor

Advised onBest Buy Co., Inc. purchases Carphone Warehouse Group Plc /European & US Retail Ops from The Carphone Warehouse Group Plc (Inactive)

Associate

Advised onBest Buy Co., Inc. purchases GreatCall, Inc. from GTCR LLC

Attorney

Advised onBest Buy Co., Inc. purchases GreatCall, Inc. from GTCR LLC

Advisors & Consultants
Advisor

Founding Member at Ruder Finn, Inc.

Advisor

Co-President at Best Buy Capital

Advisor

Founder at Forrester Research, Inc.

Clients

BCE, Inc. is a telecommunications and media company, which engages in the provision of communication services to residential, business, and wholesale customers. It operates through the following business segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment covers integrated digital wireless voice and data communications products and services to residential and business customers. The Bell Wireline segment offers data, including Internet access and Internet protocol television, local telephone, long distance, as well as other communications services and products to residential, small and medium-sized business, and large enterprise customers. The Bell Media segment includes conventional, specialty and pay television, digital media, radio broadcasting services, and out-of-home advertising services. The company was founded on February 25, 1970 and is headquartered in Verdun, Canada.

TELUS Corp. operates as a telecommunications company. The comapny specializes in telecommunication services and products primarily for wireless and wireline voice and data. It operates through the Wireless and Wireline segments. The Wireless segment refers to the data and voice products for mobile technologies. The Wireline segment offers data solutions such as internet protocol, television, hosting, managed information technology and cloud-based services, business process outsourcing, certain healthcare solutions, as well as voice and other telecommunications services, and equipment sales. The company was founded on October 4, 1990 and is headquartered in Vancouver, Canada.

Criteo SA is a global technology company, which specializes in digital performance marketing. The firm enables e-commerce companies to leverage large volumes of granular data to engage and convert their customers. Its solutions include criteo shopper graph; criteo engine; publisher network; client platform; and product portfolio. The company was founded by Jean-Baptiste Rudelle, Franck Le Ouay, and Romain Niccoli on November 3, 2005 and is headquartered in Paris, France.

Key Stats and Financials As of 2018
Market Capitalization
$15.7B
Total Enterprise Value
$19.9B
Earnings Per Share
$3.26
Revenue
$42.2B
Net Profit
$1B
Total Debt
$1.36B
Total Equity
$3.61B
EBITDAMargin
6.04%
Enterprise Value Sales
0.47x
Enterprise Value EBITDAOperating
7.81x
TEVNet Income
19.9x
Debt TEV
0.07x
EBITDA
$2.55B
Three Year Compounded Annual Growth Rate Of Revenue
1.48%
Five Year Compounded Annual Growth Rate Of Revenue
-1.34%
Political Donations
$1,000
2014
$1,500
2014
$1,000
2014
Investments
Details Hidden

Xingtera Semiconductor Technology Shanghai Co. Ltd. engages in the communication IC market. It focuses on developing disruptive technologies to address four large markets: home networking, IP camera connectivity, Next-gen access network infrastructure and internet of things. The company was founded by Yuqing Niu and David Chin in 2010 and is headquartered in Shanghai, China.

Details Hidden

MegaPath Cloud Co. LLC provides cloud communications and connectivity services. It offers data, voice, security and hosted information technology services for small, medium, and enterprise businesses as well as wholesale solutions to the carrier and service-provider markets. The company was founded in 1996 and is headquartered in Pleasanton, CA.

Details Hidden

Mydeo Ltd. provides video streaming services. It enabled consumers to share home movies with family, friends, small businesses and charities via Internet. The company was founded by Cary Marsh and Iain Millar in 2004 and were headquartered in London, UK

Investors
Details Hidden

Founder at Richard M. Schulze Family Foundation

Suppliers
Samsung Electronics Co., Ltd. Appliances & Electronics | SUWON, GY

Samsung Electronics Co., Ltd. engages in the manufacturing and selling of electronics and computer peripherals. The company operates through following business divisions: Consumer Electronics, Information Technology & Mobile Communications and Device Solutions. The Consumer Electronics business division provides cable television, monitor, printer, air-conditioners, refrigerators, washing machines and medical devices. The Information Technology & Mobile Communications business division offers handheld products, communication systems, computers and digital cameras. The Device Solutions business division comprises of memory, system large scale integrated circuit and light emitting diode. The company was founded on January 13, 1969 and is headquartered in Suwon, South Korea.

Cobra Electronics Corp. Equipment & Office Supplies | Chicago, IL

Cobra Electronics Corp. designs and manufactures mobile communications and navigation products. The firm's products include CB radios, detection systems, dash cams, accessories, portable power, power inverters, marine VHF radios, walkie talkies and two way radios, professional navigation, wireless items, and legacy products. The company was founded by Carl Korn in 1948 and is headquartered in Chicago, IL.

SITE Centers Corp. Retail: Other | Beachwood, Ohio

SITE Centers Corp. is a self-administered and self-managed real estate investment trust. It is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. The company engages in the origination and acquisition of loans and debt securities, which are generally collateralized directly or indirectly by shopping centers. It operates through the following segments: shopping centers, loan investments, and Others. DDR was founded in 1965 and is headquartered in Beachwood, OH.

Awards & Honors
Rank #71
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #71
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Best Buy Co., Inc.. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of Best Buy Co., Inc.'s profile does not indicate a business or promotional relationship of any kind between RelSci and Best Buy Co., Inc..
  • be_ixf; php_sdk; php_sdk_1.4.15
  • https://relationshipscience.com/organization/best-buy-co-inc-1140
  • https://relationshipscience.com/organization/best-buy-co-inc-1140