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  • Previous Rank
    244
  • Revenues ($M)
    $39,403
  • Revenue Percent Change
    -0.9%
  • Profits ($M)
    $1,228
  • Profits Percent Change
    36.9%
  • Assets ($M)
    $13,856
  • Employees
    125,000

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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Company Information

CEO
Hubert B. Joly
Sector
Retailing
Industry
Specialty Retailers
HQ Location
Richfield, MN
Websitehttp://www.bestbuy.com
Years on Global 500 List19
Employees125,000
Figures are for fiscal year ended Jan. 31, 2017.

Best Buy Rank History

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Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$39,403-0.9%
Profits ($M)$1,22836.9%
Assets ($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%