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Global 500

Photograph by Paul J. Richards — AFP/Getty Images

244

Best Buy

BBY

U.S.

Best Buy has defied expectations it could thrive in an era of online shopping. Through moves like creating areas that focus on such product categories as smart homes; partnering with Apple; and overhauling its tech-assistance Geek Squad services business, Best Buy has managed to keep stores relevant. Still, the retailer has been slammed by low TV prices and softness in the mobile phone sales, resulting in a weak holiday season in 2015, again raising questions about how long it can keep fending off Amazon. In the meantime, Best Buy continues to try new things, like shop in shops at some Macy’s stores.

CEO

Hubert B. Joly

Sector

Retailing

Industry

Specialty Retailers

HQ Location

Richfield, MN

Employees

125,000

Years on Global 500 List

18

Includes revenues from discontinued operations.Figures are for fiscal year ended Jan. 31, 2016.
Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$39,745-5.2%
Profits ($M)$897-27.3%
Assets ($M)$13,519
Total Stockholder Equity ($M)$4,378
Profit Ratios
Profit as % of Revenues2.3%
Profits as % of Assets6.6%
Profits as % of Stockholder Equity20.5%
STOCK QUOTE
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