| Business Summary | | Best
Buy
Company,
Inc.
is
a
specialty
retailer
of
consumer
electronics,
home
office
equipment,
entertainment
software
and
appliances.
The
Company
operates
retail
stores
and
commercial
Websites
under
the
brand
names
Best
Buy
(BestBuy.com),
Media
Play
(MediaPlay.com),
On
Cue
(OnCue.com),
Sam
Goody
(SamGoody.com),
Suncoast
(Suncoast.com)
and
Magnolia
Hi-Fi
(MagnoliaHiFi.com).
Best
Buy
stores
account
for
68%
of
the
Company's
total
retail
square
footage.
Best
Buy
stores
offer
customers
a
broad
selection
of
name-brand
models
consisting
of
approximately
6,000
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | BBY
sells
personal
computers
and
other
home
office
products,
consumer
electronics,
entertainment
software,
major
appliances
and
related
accessories
through
419
retail
stores.
For
the
13
weeks
ended
6/2/01,
revenues
increased
25%
to
$3.70
billion.
Net
income
fell
24%
to
$55
million.
Revenues
reflect
strong
sales
of
new
and
expanded
digital
technology
product
offerings.
Earnings
were
offset
by
the
expenses
for
starting
up
new
stores
and
launching
BestBuy.com. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Richard Schulze, 59 Chairman,
CEO, Director | $2.6M | $27.5M | Bradbury Anderson, 50 Vice
Chairman, Pres, COO | 1.4M | 8.0M | Darren Jackson, 36 CFO | -- | -- | Allen Lenzmeier, 56 Pres,
Best Buy Retail Stores, | 957K | 6.0M | Elliot Kaplan, 51 Director
and Sec. | -- | -- | Dollar
amounts are as of 26-Feb-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|