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Global 500

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Best Buy



This year, Best Buy retired “Renew Blue,” the strategy it credits with transforming its sales, enlivening the store and customer support experiences, and stiff-arming the Cassandras who have been waiting to call time of death on the big-box electronics retailer for years. Its recent fiscal year was the third in a row that the company grew its domestic comparable sales; its non-GAAP operating income grew from 3.4% in fiscal year 2013 to 4.5% in fiscal year 2017. In March, the company launched a new strategy called “Building the New Blue: Best Buy 2020,” an attempt to leverage its new stability into the next best Blue. With an emphasis on multi-channel retail and specific investments in smart home, appliances, and home security, the company also hopes to deepen its international business through e-commerce, store remodels in Canada, and new stores in Mexico.

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Hubert B. Joly




Specialty Retailers

HQ Location

Richfield, MN

Years on Global 500 List




Figures are for fiscal year ended Jan. 31, 2017.
Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$39,403-0.9%
Profits ($M)$1,228.036.9%
Assets ($M)$13,856
Total Stockholder Equity ($M)$4,709
Profit Ratios
Profit as % of Revenues3.1%
Profits as % of Assets8.9%
Profits as % of Stockholder Equity26.1%
()0.00 0.00 (0)
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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News about Best Buy

End of a Era: Best Buy Significantly Cuts Back on CDs

Once the flagship of an industry, the format sees its demise hastening.

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Why It's So Hard for Innovative Smartphone Makers to Succeed

It's a tough market when Verizon and AT&T ignore you.

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Best Buy Is Showing How Retailers Can Keep Amazon At Bay

But the costs of containing Amazon are taking a toll.

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