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Global 500

AP/REX/Shutterstock

261

Best Buy

BBY

U.S.

The big-box electronics retailer grew revenues by 7% to a total of $42 billion last year. Yet Best Buy has not escaped the retail downturn unscathed: profits dipped by more than 18% to $1 billion in 2017. In April, former rivals Best Buy and Amazon announced a partnership to sell more TVs equipped with Amazon’s Fire TV operating system; the move will allow Best Buy to sell directly to the e-commerce giant’s massive online customer base for the first time.

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CEO

Hubert B. Joly

Sector

Retailing

Industry

Specialty Retailers

HQ Location

Richfield, Minn.

Years on Global 500 List

20

Employees

125,000

Figures are for fiscal year ended Jan. 31, 2018.
Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$42,1517.0%
Profits ($M)$1,000.0-18.6%
Assets ($M)$13,049
Total Stockholder Equity ($M)$3,612
Profit Ratios
Profit as % of Revenues2.4%
Profits as % of Assets7.7%
Profits as % of Stockholder Equity27.7%
STOCK QUOTE
()0.00 0.00 (0)
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