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Best Buy Co., Inc. Business Reports

Best Buy Co., Inc. Overview

Address

7601 Penn Ave. South Richfield, 
MN 55423 United States
Phone: 612-291-1000
Fax:612-292-4001

Best Buy Co., Inc. Rankings

#47 in FORTUNE 500 (May 2011) 
#S&P 500 
#47 in FORTUNE 1000 (May 2011)

Company Description

The biggest consumer electronics outlet in the US is also the best -- Best Buy, that is. The company operates more than 1,400 stores throughout the US and Canada, and another 2,600 stores in Europe and China, mostly under the Best Buy, Best Buy Mobile, and The Car Phone Warehouse banners. The stores sell a variety of electronic gadgets, movies, music, computers, and appliances. In addition, Best Buy offers installation and maintenance services, technical support, and subscriptions for cell phone and Internet services. As the biggest consumer electronics chain in the US, following the demise of rival Circuit City, Best Buy is looking abroad for growth. In 2011 Best Buy sold Napster to online mp3 store Rhapsody.

Best Buy Co., Inc. Company Profile Report

Purchase Report
 
$69

Hoover's industry experts provide proprietary editorial analysis supplemented with content from multiple data sources to bring you the Company Profile Report. The depth of each report varies, so be sure to view the sample and review the report contents listed next.

 

Sections Included in Report

  • Company Overview
  • Company Description
  • Company History
  • People
  • Biographies
  • Historical Events
  • Industry Information
  • Financial Summary
  • Annual Income Statement
  • Quarterly Cash Flow
  • Annual Balance Sheet
  • Quarterly Balance Sheet
  • Annual Cash Flow
  • Quarterly Income Statement
  • Earning Estimates
  • Financial Market Data
  • Historical Financials
  • Competitors List
  • Competitive Landscape

Company Profile Report Highlights

  • Company Description

    Quickly grasp how a company operates and understand its current business environment.

  • Industry Information

    Identify the often times disparate industries a company does business in, and find the corresponding SIC and NAICS codes.

  • Biographies

    Learn the background and technology interests of the company's executives, to better understand possible growth directions.

  • Company History

    When you want to know where a company is going, you'll be helped by first knowing where it's been. Use this to get up to speed on a company's history.

  • Key People

    Uncover the roles and responsibilities of the management team and identify the correct decision maker, so you are sure to talk to the right contact.

  • Company Financials

    Review key financial information to gauge health and growth potential.

Company Profile Report

Purchase Report
 
$69

    Choose below from the available Industry Reports related to 

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  • Consumer Electronics & Appliances Stores Industry Report
  • Music Stores Industry Report
  • Computer & Software Stores Industry Report
  • Internet & Mail-Order Retail Industry Report
  • Electronic Equipment Repair Services Industry Report

Camera & Photographic Supplies Stores Industry Report

Purchase Report
 
$129

Overview

The US camera and photographic supplies retail industry includes about 800 firms with 2,000 locations and combined annual revenue of about $4 billion. Major companies include Ritz Camera & Image, Calumet Photographic, and Samy's Camera. The industry is concentrated: the 50 largest companies hold more than 80 percent of the market.

SIC: 5946

NAICS: 443130

 

Sample Questions & Answers

How have online photofinishing and supply services affected the company’s business?

Online retailers and photofinishing services are capturing more market share every year. Consumers buy cameras, printers, and supplies online, upload images, and have printed copies sent directly to their doorstep without ever setting foot in a...

 

How does the company differentiate itself from mass retailers selling similar products?

Mass retailers have a major presence in the camera and photographic supplies industry. Electronic superstores and mass retail outlets push large volumes of goods and services through their photo sections. Their purchasing, merchandising, and...

 

To read this full Call Prep Question and others, purchase the full report.

 

General Report Description

Save valuable research time, increase confidence on sales calls, and get the competitive edge to win more business with Hoover's Industry Report. Proprietary editorial analysis synthesizes hundreds of sources into an easy-to-digest format so that you can quickly understand a client's business challenges. Insight into critical business issues, industry trends and opportunities, and financial benchmarks is an integral part of each report.

 

Sections Included in Report

  • Industry Overview
  • Quarterly Industry Update
  • Business Challenges
  • Trends and Opportunities
  • Call Preparation Questions
  • Financial Information
  • Industry Forecast
  • Website and Media Links
  • Glossary of Acronyms

    Industry Report Highlights:

    • Recent Developments

      Stay up to date on crucial industry news that may affect your strategy.

    • Trends & Opportunities

      Identify avenues for expansion and get prospects thinking about growth opportunities that justify investing in your product.

    • Call Preparation Questions

      Gain instant rapport with prospects during your sales calls using done-for-you call preparation questions.

    • Industry Forecast

      Identify growth and integrate projections in your own business planning.

    • Business Challenges

      Engage your prospects with solution selling that makes their life easier by first understanding their pain points.

    • Executive Insight

      Identify the correct decision maker and tailor your presentation to his or her needs, and maximize the effectiveness of your pitch.

    • Financial Information

      Increase your credibility and support your presentations by adding verifiable industry metrics.

    • Web Links & Acronyms

      Speak the Prospect's language by demonstrating an understanding of industry trade associations and jargon.

    Camera & Photographic Supplies Stores Industry Report

    Purchase Report
     
    $129

    Household Appliance Stores Industry Report

    Purchase Report
     
    $129

    Overview

    The US household appliance store industry includes about 9,000 stores with combined annual revenue of about $16 billion. Major companies include ABC Appliance, Conn's, hhgregg, and PC Richard & Son. The industry is fragmented: the 50 largest companies account for about 35 percent of industry sales.

    SIC: 5722

    NAICS: 443111

     

    Sample Questions & Answers

    How are the company's sales affected by changes in home sales?

    Sales of new and existing homes help drive growth for appliance retailers, as consumers are highly likely to buy new appliances when buying a home. A soft housing market can significantly depress appliance sales. US new home sales fell by more than...

     

    How does the company compensate for declining retail prices?

    Retail prices for major appliances have been driven down by imports of low-priced products, mainly from China and Mexico. Increasing import volume and strong demand for low-end products contribute to flat and decreasing prices across most major...

     

    To read this full Call Prep Question and others, purchase the full report.

     

    General Report Description

    Save valuable research time, increase confidence on sales calls, and get the competitive edge to win more business with Hoover's Industry Report. Proprietary editorial analysis synthesizes hundreds of sources into an easy-to-digest format so that you can quickly understand a client's business challenges. Insight into critical business issues, industry trends and opportunities, and financial benchmarks is an integral part of each report.

     

    Sections Included in Report

    • Industry Overview
    • Quarterly Industry Update
    • Business Challenges
    • Trends and Opportunities
    • Call Preparation Questions
    • Financial Information
    • Industry Forecast
    • Website and Media Links
    • Glossary of Acronyms

      Industry Report Highlights:

      • Recent Developments

        Stay up to date on crucial industry news that may affect your strategy.

      • Trends & Opportunities

        Identify avenues for expansion and get prospects thinking about growth opportunities that justify investing in your product.

      • Call Preparation Questions

        Gain instant rapport with prospects during your sales calls using done-for-you call preparation questions.

      • Industry Forecast

        Identify growth and integrate projections in your own business planning.

      • Business Challenges

        Engage your prospects with solution selling that makes their life easier by first understanding their pain points.

      • Executive Insight

        Identify the correct decision maker and tailor your presentation to his or her needs, and maximize the effectiveness of your pitch.

      • Financial Information

        Increase your credibility and support your presentations by adding verifiable industry metrics.

      • Web Links & Acronyms

        Speak the Prospect's language by demonstrating an understanding of industry trade associations and jargon.

      Household Appliance Stores Industry Report

      Purchase Report
       
      $129

      Retail Sector Industry Report

      Purchase Report
       
      $129

      Overview

      The US retail industry includes about 1 million outlets with combined annual revenue of about $4 trillion. Major companies include Wal-Mart, Home Depot, Kroger, Costco, and Target. While large companies dominate some retail sectors (such as mass merchandisers and grocery stores), other sectors (such as auto dealers and convenience stores) are fragmented. Many specialty retailers are single-store operations.

      SIC: 5983, 5984, 5989, 5992, 5993, 5994, 5995, 5999, 7389, 5211, 5231, 5251, 5261, 5271, 5311, 5331, 5399, 5411, 5421, 5431, 5441, 5451, 5461, 5499, 5511, 5521, 5531, 5541, 5551, 5561, 5571, 5599, 5611, 5621, 5632, 5641, 5651, 5661, 5712, 5713, 5714, 5722, 5731, 5734, 5735, 5736, 5912, 5921, 5932, 5941, 5942, 5943, 5944, 5945, 5946, 5947, 5948, 5961, 5962

      NAICS: 445299, 445310, 446110, 446120, 446130, 446191, 446199, 447110, 447190, 448110, 448120, 448130, 448140, 448150, 448190, 448210, 448310, 454319, 454390, 448320, 451110, 451120, 451130, 451140, 451211, 451212, 451220, 452111, 452112, 452910, 452990, 453110, 453210, 453220, 453310, 453910, 453920, 453930, 453991, 453998, 454111, 454112, 454113, 454210, 454311, 454312, 441110, 441120, 441210, 441221, 441222, 441229, 441310, 441320, 442110, 442210, 442291, 442299, 443111, 443112, 443120, 443130, 444110, 444120, 444130, 444190, 444210, 444220, 445110, 445120, 445210, 445220, 445230, 445291, 445292

       

      Sample Questions & Answers

      How sensitive is the company's business to the economy?

      Economic factors, including personal income, consumer confidence, job growth, and interest rates, can greatly affect consumer spending and the retail sector. During recessionary periods, retail sales growth can slow drastically and even decline.

       

      How does the company compete with large retailers?

      In many retail segments, large companies dominate and hold the majority of the market. Even specialty retailers in fragmented markets must compete with mass merchandisers and warehouse clubs that offer a smaller selection of comparable merchandise at...

       

      To read this full Call Prep Question and others, purchase the full report.

       

      General Report Description

      Save valuable research time, increase confidence on sales calls, and get the competitive edge to win more business with Hoover's Industry Report. Proprietary editorial analysis synthesizes hundreds of sources into an easy-to-digest format so that you can quickly understand a client's business challenges. Insight into critical business issues, industry trends and opportunities, and financial benchmarks is an integral part of each report.

       

      Sections Included in Report

      • Industry Overview
      • Quarterly Industry Update
      • Business Challenges
      • Trends and Opportunities
      • Call Preparation Questions
      • Financial Information
      • Industry Forecast
      • Website and Media Links
      • Glossary of Acronyms

        Industry Report Highlights:

        • Recent Developments

          Stay up to date on crucial industry news that may affect your strategy.

        • Trends & Opportunities

          Identify avenues for expansion and get prospects thinking about growth opportunities that justify investing in your product.

        • Call Preparation Questions

          Gain instant rapport with prospects during your sales calls using done-for-you call preparation questions.

        • Industry Forecast

          Identify growth and integrate projections in your own business planning.

        • Business Challenges

          Engage your prospects with solution selling that makes their life easier by first understanding their pain points.

        • Executive Insight

          Identify the correct decision maker and tailor your presentation to his or her needs, and maximize the effectiveness of your pitch.

        • Financial Information

          Increase your credibility and support your presentations by adding verifiable industry metrics.

        • Web Links & Acronyms

          Speak the Prospect's language by demonstrating an understanding of industry trade associations and jargon.

        Retail Sector Industry Report

        Purchase Report
         
        $129

        Consumer Electronics & Appliances Stores Industry Report

        Purchase Report
         
        $129

        Overview

        The US consumer electronics store industry includes about 27,000 stores with combined annual revenue of about $60 billion. Major companies include Best Buy, RadioShack, and the retail operations of Apple. The industry is highly concentrated: the 50 largest companies account for 80 percent of sales.

        SIC: 5722, 5946, 5734, 5731

        NAICS: 443112, 443111, 443130, 443120

         

        Sample Questions & Answers

        How have declining retail prices affected the company?

        Retail prices for many major segments of consumer electronics products have been declining. Between 2008 and 2009, retail prices declined about 24 percent for TVs and about 13 percent for computers and peripherals. While electronics retailers have...

         

        How does the company deal with increasing competition from alternative channels?

        Consumer electronics stores face heavy competition from numerous other channels, including warehouse clubs, mass merchandisers, department stores, and Internet and mail order retailers. Internet and mail order retailers sell over $30 billion in...

         

        To read this full Call Prep Question and others, purchase the full report.

         

        General Report Description

        Save valuable research time, increase confidence on sales calls, and get the competitive edge to win more business with Hoover's Industry Report. Proprietary editorial analysis synthesizes hundreds of sources into an easy-to-digest format so that you can quickly understand a client's business challenges. Insight into critical business issues, industry trends and opportunities, and financial benchmarks is an integral part of each report.

         

        Sections Included in Report

        • Industry Overview
        • Quarterly Industry Update
        • Business Challenges
        • Trends and Opportunities
        • Call Preparation Questions
        • Financial Information
        • Industry Forecast
        • Website and Media Links
        • Glossary of Acronyms

          Industry Report Highlights:

          • Recent Developments

            Stay up to date on crucial industry news that may affect your strategy.

          • Trends & Opportunities

            Identify avenues for expansion and get prospects thinking about growth opportunities that justify investing in your product.

          • Call Preparation Questions

            Gain instant rapport with prospects during your sales calls using done-for-you call preparation questions.

          • Industry Forecast

            Identify growth and integrate projections in your own business planning.

          • Business Challenges

            Engage your prospects with solution selling that makes their life easier by first understanding their pain points.

          • Executive Insight

            Identify the correct decision maker and tailor your presentation to his or her needs, and maximize the effectiveness of your pitch.

          • Financial Information

            Increase your credibility and support your presentations by adding verifiable industry metrics.

          • Web Links & Acronyms

            Speak the Prospect's language by demonstrating an understanding of industry trade associations and jargon.

          Consumer Electronics & Appliances Stores Industry Report

          Purchase Report
           
          $129

          Music Stores Industry Report

          Purchase Report
           
          $129

          Overview

          The US music store industry includes about 4,000 stores with combined annual revenue of about $3 billion. Major companies include Trans World Entertainment Corporation (operator of FYE and other branded stores), Hastings Entertainment, and CD Warehouse. The industry is concentrated: the top 50 companies account for more than 70 percent of industry revenue.

          SIC: 5735

          NAICS: 451220

           

          Sample Questions & Answers

          Who are the company’s most significant retail competitors?

          Music stores face intense competition from consumer electronics stores, mass merchandisers, warehouse clubs, and Internet retailers. Music stores capture less than one-third of all US music purchases, according to the Recording Industry Association...

           

          How has digital downloading affected the company?

          Digital music downloading, both legal and illegal, has negatively affected US CD sales. Sales of physical CDs declined nearly 20 percent in the first half of 2010 compared to the same time a year earlier, according to Nielsen SoundScan. Meanwhile,...

           

          To read this full Call Prep Question and others, purchase the full report.

           

          General Report Description

          Save valuable research time, increase confidence on sales calls, and get the competitive edge to win more business with Hoover's Industry Report. Proprietary editorial analysis synthesizes hundreds of sources into an easy-to-digest format so that you can quickly understand a client's business challenges. Insight into critical business issues, industry trends and opportunities, and financial benchmarks is an integral part of each report.

           

          Sections Included in Report

          • Industry Overview
          • Quarterly Industry Update
          • Business Challenges
          • Trends and Opportunities
          • Call Preparation Questions
          • Financial Information
          • Industry Forecast
          • Website and Media Links
          • Glossary of Acronyms

            Industry Report Highlights:

            • Recent Developments

              Stay up to date on crucial industry news that may affect your strategy.

            • Trends & Opportunities

              Identify avenues for expansion and get prospects thinking about growth opportunities that justify investing in your product.

            • Call Preparation Questions

              Gain instant rapport with prospects during your sales calls using done-for-you call preparation questions.

            • Industry Forecast

              Identify growth and integrate projections in your own business planning.

            • Business Challenges

              Engage your prospects with solution selling that makes their life easier by first understanding their pain points.

            • Executive Insight

              Identify the correct decision maker and tailor your presentation to his or her needs, and maximize the effectiveness of your pitch.

            • Financial Information

              Increase your credibility and support your presentations by adding verifiable industry metrics.

            • Web Links & Acronyms

              Speak the Prospect's language by demonstrating an understanding of industry trade associations and jargon.

            Music Stores Industry Report

            Purchase Report
             
            $129

            Computer & Software Stores Industry Report

            Purchase Report
             
            $129

            Overview

            The US computer and software store (computer store) industry includes about 10,000 stores with combined annual revenue of about $16 billion. No major companies dominate the industry.

            SIC: 5734

            NAICS: 443120

             

            Sample Questions & Answers

            How have retail price trends affected the company's merchandising strategy?

            Rapidly declining retail prices for computers, peripherals, and software can squeeze margins, even when companies account for decreasing manufacturer prices. Intense competition and consumer demand for affordability have resulted in falling price...

             

            How has the company developed ways to compete with multiple types of alternative retailers?

            Computer stores face intense competition from a variety of sources, including consumer electronic stores, Internet and catalog retailers, computer and peripheral manufacturers, office supply stores, and mass merchandisers. As the general population...

             

            To read this full Call Prep Question and others, purchase the full report.

             

            General Report Description

            Save valuable research time, increase confidence on sales calls, and get the competitive edge to win more business with Hoover's Industry Report. Proprietary editorial analysis synthesizes hundreds of sources into an easy-to-digest format so that you can quickly understand a client's business challenges. Insight into critical business issues, industry trends and opportunities, and financial benchmarks is an integral part of each report.

             

            Sections Included in Report

            • Industry Overview
            • Quarterly Industry Update
            • Business Challenges
            • Trends and Opportunities
            • Call Preparation Questions
            • Financial Information
            • Industry Forecast
            • Website and Media Links
            • Glossary of Acronyms

              Industry Report Highlights:

              • Recent Developments

                Stay up to date on crucial industry news that may affect your strategy.

              • Trends & Opportunities

                Identify avenues for expansion and get prospects thinking about growth opportunities that justify investing in your product.

              • Call Preparation Questions

                Gain instant rapport with prospects during your sales calls using done-for-you call preparation questions.

              • Industry Forecast

                Identify growth and integrate projections in your own business planning.

              • Business Challenges

                Engage your prospects with solution selling that makes their life easier by first understanding their pain points.

              • Executive Insight

                Identify the correct decision maker and tailor your presentation to his or her needs, and maximize the effectiveness of your pitch.

              • Financial Information

                Increase your credibility and support your presentations by adding verifiable industry metrics.

              • Web Links & Acronyms

                Speak the Prospect's language by demonstrating an understanding of industry trade associations and jargon.

              Computer & Software Stores Industry Report

              Purchase Report
               
              $129

              Internet & Mail-Order Retail Industry Report

              Purchase Report
               
              $129

              Overview

              The Internet and mail-order retail industry in the US includes about 20,000 companies with combined annual revenue of about $270 billion. Major companies include Lands’ End, LL Bean, Amazon, Overstock, and Hanover Direct. The industry is concentrated: the top 50 companies account for about 70 percent of industry revenue. Over the past five years, the bulk of the industry's revenue has shifted from catalog to Internet sales. While most brick-and-mortar retailers have an online presence and many also offer catalog sales, this profile focuses on retailers who use the Internet or catalogs as their sole or primary sales channel.

              SIC: 5961

              NAICS: 454111, 454113

               

              Sample Questions & Answers

              How does the current economic environment affect the company's sales outlook?

              Catalog and Internet retailers sell primarily discretionary goods and services, so demand varies with changes in personal income. Consumers delay or cut back on computers, new clothing, home furnishings, and other discretionary items when the economy...

               

              How does the company compete with online sales by traditional retailers?

              Traditional retailers are becoming the dominant online retailers by leveraging high consumer awareness. Consumers are moving to large brands that have online capability and that they're familiar with. Internet retailing has been growing rapidly.

               

              To read this full Call Prep Question and others, purchase the full report.

               

              General Report Description

              Save valuable research time, increase confidence on sales calls, and get the competitive edge to win more business with Hoover's Industry Report. Proprietary editorial analysis synthesizes hundreds of sources into an easy-to-digest format so that you can quickly understand a client's business challenges. Insight into critical business issues, industry trends and opportunities, and financial benchmarks is an integral part of each report.

               

              Sections Included in Report

              • Industry Overview
              • Quarterly Industry Update
              • Business Challenges
              • Trends and Opportunities
              • Call Preparation Questions
              • Financial Information
              • Industry Forecast
              • Website and Media Links
              • Glossary of Acronyms

                Industry Report Highlights:

                • Recent Developments

                  Stay up to date on crucial industry news that may affect your strategy.

                • Trends & Opportunities

                  Identify avenues for expansion and get prospects thinking about growth opportunities that justify investing in your product.

                • Call Preparation Questions

                  Gain instant rapport with prospects during your sales calls using done-for-you call preparation questions.

                • Industry Forecast

                  Identify growth and integrate projections in your own business planning.

                • Business Challenges

                  Engage your prospects with solution selling that makes their life easier by first understanding their pain points.

                • Executive Insight

                  Identify the correct decision maker and tailor your presentation to his or her needs, and maximize the effectiveness of your pitch.

                • Financial Information

                  Increase your credibility and support your presentations by adding verifiable industry metrics.

                • Web Links & Acronyms

                  Speak the Prospect's language by demonstrating an understanding of industry trade associations and jargon.

                Internet & Mail-Order Retail Industry Report

                Purchase Report
                 
                $129

                Electronic Equipment Repair Services Industry Report

                Purchase Report
                 
                $129

                Overview

                The US electronic equipment repair services industry includes about 13,000 establishments (single-location companies or units of multi-location companies) with combined annual revenue of $19 billion. No major companies dominate the industry.

                SIC: 7629, 7378, 7622

                NAICS: 811212, 811213, 811219, 811211

                 

                Sample Questions & Answers

                How do fluctuations in new equipment sales affect demand for the repair center's services?

                The electronic equipment repair services industry depends highly on manufacturer sales of new equipment to drive demand for warranty, repair, and maintenance work. Swings in production levels affect demand and vary by product category. US production...

                 

                How has manufacturers' practice of planned obsolescence impacted demand for the company's services?

                Many consumer electronics manufacturers intentionally design and build products with short lifespans. Such planned obsolescence outdates models quickly, so consumers will need or want to buy newer units, boosting manufacturer sales. Cheaply priced or...

                 

                To read this full Call Prep Question and others, purchase the full report.

                 

                General Report Description

                Save valuable research time, increase confidence on sales calls, and get the competitive edge to win more business with Hoover's Industry Report. Proprietary editorial analysis synthesizes hundreds of sources into an easy-to-digest format so that you can quickly understand a client's business challenges. Insight into critical business issues, industry trends and opportunities, and financial benchmarks is an integral part of each report.

                 

                Sections Included in Report

                • Industry Overview
                • Quarterly Industry Update
                • Business Challenges
                • Trends and Opportunities
                • Call Preparation Questions
                • Financial Information
                • Industry Forecast
                • Website and Media Links
                • Glossary of Acronyms

                  Industry Report Highlights:

                  • Recent Developments

                    Stay up to date on crucial industry news that may affect your strategy.

                  • Trends & Opportunities

                    Identify avenues for expansion and get prospects thinking about growth opportunities that justify investing in your product.

                  • Call Preparation Questions

                    Gain instant rapport with prospects during your sales calls using done-for-you call preparation questions.

                  • Industry Forecast

                    Identify growth and integrate projections in your own business planning.

                  • Business Challenges

                    Engage your prospects with solution selling that makes their life easier by first understanding their pain points.

                  • Executive Insight

                    Identify the correct decision maker and tailor your presentation to his or her needs, and maximize the effectiveness of your pitch.

                  • Financial Information

                    Increase your credibility and support your presentations by adding verifiable industry metrics.

                  • Web Links & Acronyms

                    Speak the Prospect's language by demonstrating an understanding of industry trade associations and jargon.

                  Electronic Equipment Repair Services Industry Report

                  Purchase Report
                   
                  $129

                  Best Buy Co., Inc. Overview

                  Top 3 Competitors

                  Company: Amazon.com, Inc.
                  Location: Seattle, WA

                  Company: Apple Inc.
                  Location: Cupertino, CA

                  Company: ARTISTdirect.com
                  Location: Santa Monica, CA

                  Industries where Best Buy Co., Inc. Competes

                  Consumer Electronics & Appliances Stores
                  Read More

                  Consumer Services
                  Read More

                  Retail Sector
                  Read More

                  Camera & Photographic Supplies Stores
                  Read More

                  Computer & Software Stores
                  Read More

                  Music, Video, Book & Entertainment Retail
                  Read More

                  Competitive Landscape Brief

                  Demand depends on consumer income. Profitability of individual companies is linked to marketing and efficiency of operations. Large companies can have economies of scale in purchasing and operations. Small companies can compete successfully by offering superior service. Major competitors are big-box retailers, like Wal-Mart and Target, and electronic superstores, such as Best Buy. Photo kiosks and mini-labs are also found in many major drugstore chains. Digital photography has had a major impact on the industry. The combination of more competitors and consumers' new habits has hurt many camera and photo supply stores. For example, Ritz Camera & Image had more than 900 stores at its peak, but today has about 300 stores in the US.

                  Best Buy Co., Inc. Competitive Landscape

                  Purchase Report
                   
                  $69

                  Providing a complete view of how this company and its competitors stack up against one another, the Competitive Landscape report includes benchmarks on over 30 parameters related to sales, employees, market cap, profitability, and growth. Exclusive to Hoover's, this landscape can be used to conduct competitive analysis, inform corporate strategy, and identify trends.

                   

                  Sections Included in Report

                  • Key Numbers
                  • Profitability
                  • Valuation
                  • Operations
                  • Financial Ratios
                  • Per Share Data ($)
                  • Growth Statistics
                  • *Data provided for 3 to 30 competitors

                    Company Landscape Report Highlights

                    • Competitors List

                      Identify specific primary and secondary competitors, allowing you evaluate the chances of successfully introducing new products.

                    • Competitive Landscape

                      Access detailed financial metrics on a company's top competitors, so you can quickly determine their relative health and add credibility-boosting quantitative data to your presentations.

                    Competitive Landscape Report

                    Purchase Report
                     
                    $69

                    Best Buy Co., Inc. Overview

                    Address

                    7601 Penn Ave. South Richfield, 
                    MN 55423 United States
                    Phone: 612-291-1000
                    Fax:612-292-4001

                    Best Buy Co., Inc. Rankings

                    #47 in FORTUNE 500 (May 2011) 
                    #S&P 500 
                    #47 in FORTUNE 1000 (May 2011)

                    Company Description

                    The biggest consumer electronics outlet in the US is also the best -- Best Buy, that is. The company operates more than 1,400 stores throughout the US and Canada, and another 2,600 stores in Europe and China, mostly under the Best Buy, Best Buy Mobile, and The Car Phone Warehouse banners. The stores sell a variety of electronic gadgets, movies, music, computers, and appliances. In addition, Best Buy offers installation and maintenance services, technical support, and subscriptions for cell phone and Internet services. As the biggest consumer electronics chain in the US, following the demise of rival Circuit City, Best Buy is looking abroad for growth. In 2011 Best Buy sold Napster to online mp3 store Rhapsody.

                    Best Buy Co., Inc. Spotlight on IT

                    Purchase Report
                     
                    $300

                    Hoover’s Spotlight Reports on IT give you a look inside of IT departments of top companies, making it easier for you to learn, prepare, and sell to the IT professionals that lead them. These reports reveal the software and platforms that are currently in use, an overview of the IT department and their strategy, and the IT leaders that make the decisions.

                     

                    Sections Included in Report

                    • Company Overview
                    • IT Strategy
                    • IT Highlights
                    • IT Executives
                    • IT Contacts
                    • Recent News and Activity
                    • Conversation Starters
                    • Industry Data
                    • Major Subsidiaries and Locations

                      Information Technology Report Highlights

                      • Company Overview

                        Quickly grasp how company operates and understand their current business environment, ensuring you make the right first impression with minimal time invested.

                      • IT Highlights

                        Be in the know about a company's current infrastructure before you make contact with the list of applications, software, and hardware presently in use.

                      • IT Contacts

                        Uncover the roles and responsibilities of the management team and identify the correct decision maker, so you don't waste time talking to the wrong contact.

                      • Conversation Starters

                        Gain instant rapport by engaging you sales prospect as a fellow industry "insider," thanks to these carefully-designed call preparation question (with answers).

                      • Major Subsidiaries & Locations

                        Uncover new cross-sell and up-sell opportunities by exploring the company's corporate relationships.

                      • Business Challenges

                        Engage your prospects with solution selling that makes their life easier by first understanding their pain points.

                      • IT Strategy

                        Identify industry trends, opportunities, and challenges that a company is facing right now - often directly from the mouths of its own executives.

                      • IT Executives

                        Learn the background and technology interests of the company's IT executives, allowing you to strategically position your product in a way that's compatible with their vision.

                      • Recent News & Activity

                        Stay connected to your prospects and customers by communicating with them about recent developments that affect their business.

                      • Industry Data

                        Find the SIC and NAICS codes for the oftentimes disparate industries a company does business in to ensure your sales presentation delivers a wide-reaching and compelling value proposition.
                      Purchase Report
                       
                      $300