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  • Previous Rank262
  • Revenues ($M)$39,745
  • Revenue Percent Change-5.2%
  • Profits ($M)$897
  • Profits Percent Change-27.3%
  • Assets ($M)$13,519
  • Employees125,000

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.

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Company Information

CEO
Hubert B. Joly
Sector
Retailing
Industry
Specialty Retailers
HQ Location
Richfield, MN
Employees125,000
Websitehttp://www.bestbuy.com
Years on Global 500 List18
Figures are for fiscal year ended Jan. 31, 2016.

Best Buy Rank History

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%