Best Buy

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Best Buy Co., Inc. is a specialty retailer of consumer electronics, home office products, entertainment software, appliances and related services. The company operates retail stores and Web sites under various brand names such as Best Buy (BestBuy.com, BestBuy.ca, BestBuy.com.cn, espanol.BestBuy.com, BestBuyMobile.com), The Carphone Warehouse (CarphoneWarehouse.com), Five Star (Five-Star.cn), Future Shop (FutureShop.ca), Geek Squad (GeekSquad.com and GeekSquad.ca), Magnolia Audio Video (MagnoliaAV.com), Napster (Napster.com), Pacific Sales (PacificSales.com), The Phone House (PhoneHouse.com) and Speakeasy (Speakeasy.net). Segments The company operates in two segments: Domestic and International. The Domestic segment is comprised of the store, call center and online operations in all states, districts and territories of the U.S. operating under the brand names Best Buy, Best Buy Mobile, Geek Squad, Magnolia Audio Video, Napster, Pacific Sales and Speakeasy. U.S. Best Buy stores offer a variety of consumer electronics, home office products, entertainment software, appliances and related services. Best Buy Mobile stand-alone stores offer a selection of mobile phones, accessories and related services in a small-format store. Geek Squad provides residential and commercial product repair, support and installation services. Magnolia Audio Video stores offer high-end audio and video products and related services. Napster is an online provider of digital music. Pacific Sales stores offer high-end home-improvement products including primarily appliances, consumer electronics and related services. Speakeasy provides broadband, voice, data and information technology services to small businesses. The International segment is comprised of: all Canada store, call center and online operations, operating under the brand names Best Buy, Best Buy Mobile, Future Shop and Geek Squad; all Europe store, call center and online operations, operating under the brand names The Carphone Warehouse, The Phone House and Geek Squad; all China store, call center and online operations, operating under the brand names Best Buy, Geek Squad and Five Star and all Mexico store operations, operating under the brand names Best Buy and Geek Squad. The company’s International segment offers products and services similar to that of its U.S. Best Buy stores. Merchandise and Services Domestic segment U.S. Best Buy stores have offerings in six categories: consumer electronics, home office, entertainment software, appliances, services and other. Consumer electronics consists of video and audio products. Video products include televisions, digital cameras and accessories, digital camcorders and accessories and DVD players. Audio products consist of MP3 players and accessories, navigation products, home theater audio systems and components, and mobile electronics such as car stereo and satellite radio products. The home office category includes notebook and desktop computers, monitors, mobile phones and related subscription service commissions, hard drives, networking equipment and accessories. The entertainment software category includes video gaming hardware and software, DVDs, CDs, digital downloads and computer software. The appliances category includes major appliances as well as small electrics. The services category consists primarily of service contracts, extended warranties, computer-related services, product repair, and delivery and installation for home theater, mobile audio and appliances. The other category includes non-core offerings such as snacks and beverages. Pacific Sales stores have offerings in three categories: appliances, consumer electronics and services. Appliances consists of major appliances, split between high-end and mass-market premium brands, and plumbing, which consists of kitchen and bath fixtures including faucets, sinks, toilets and bath tubs. Consumer electronics consists of video and audio products, including televisions and home theater systems. The services category consists primarily of repair services. Magnolia Audio Video stores have offerings in two categories: consumer electronics and services. Consumer electronics con

Milestones

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• Acquired Napster for $121M. (9/14/08)
  Posted 8/28/09 at 6:46am
• Invested in Mydeo. (10/1/07)
  Posted 10/30/07 at 7:48am
• Invested in Avnera. (9/07)
  Posted 1/30/09 at 1:24pm
• Lorenzo Dickerson, Sales Associate added.
  Posted 10/20/08 at 9:06am
• Michele Azar, President of Interent Growth Group added.
  Posted 1/29/09 at 3:16pm
• David Sprosty, SVP, Connectivity Solutions added.
  Posted 6/5/09 at 11:11am

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Sources

1. Best Buy Puzzles With Napster Acquisition (techcrunch.com) [edit]
2. techcrunch.com [edit]
3. Startups with right stuff secure needed funding (bizjournals.com) [edit]