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Best Buy
EXTERNAL ANALYSIS FOR BEST BUY CO. INC.

Introduction

Best Buy Co., Inc. is a public limited company whose stocks are listed in the New York stock exchange. It is a specialty retailer of consumer electronics in United States which accounts for about twenty percent of domestic market retail business in technology based items. It has store in 24 different locations in United States (USSEC, 2011). Apart from its operations in USA, it also carries out its operations in Mexico, Turkey and United Kingdom etc. (Boyle, 2006). As of 2010, company along with its various subsidiaries operates more than one thousand and fifty stores only in domestic markets (USSEC, 2011). It is a private listed company. The stocks of the company are listed in the New York Stock Exchange under the symbol BBY. The company was ranked as a company of the year by Forbes (Tatge, 2006). It was also ranked as a ³specialty retailer of the decade´ (DSN, 2001). It is currently ranked at number 45 in the Fortune 1000 companies list (One Source, 2011). It is among the primary retailers of electronic goods in the United States. During the first quarter of the fiscal year 2011, it has earned revenues over six hundred million (Best Buy, 2011). SWOT Analysis SWOT Matrix The SWOT analysis of Best Buy Co. Inc. is as follows: Strengths y y Market position Networking y y Weaknesses Limited suppliers Lawsuits

y y

Profitable growth in stores business Alliance

y

Limited geographic concentration

Opportunities y y y Acquisitions Expansions Expanding the product lines y y y

Threats Competition slow sales curve increased rental prices

Strengths Best Buy Co. Inc. is the largest consumer electronic goods retailer in USA and accounts for around twenty percent of the market share in the country. The company enjoys unique market position and it was ranked at number forty five in the Fortune global 1000 companies as of 2010 (one source, 2011). The company outlets are present in numerous states of


References: Associated Press, (2011). Best Buy settles in discrimination case, AP Associated Press, Retrieved on June 24, 2011 from http://money.msn.com/businessnews/article.aspx?feed=AP&date=20110617&id=13789935 Best Buy Co. Inc, (2011). Competitive landscape, Hoovers Website, Retrieved on June 2011 from http://www.hoovers.com/company/Best_Buy_Co_Inc/rftfsi-1- 1njea3.html Best Buy Co. Inc. (2009). Political Report, Retrieved on June 24, 2011 from http://phx.corporateir.net/External.File?item=UGFyZW50SUQ9NDI1NTM1fENoaWxkSUQ9NDQw Nzg0fFR5cGU9MQ==&t=1 Best Buy Co. Inc, (2011). Community Relations, Retrieved on June 24, 2011 from http://www.bestbuy-communityrelations.com/ (2011). Our Partners, Retrieved on June 24, 2011 from http://www.bestbuycommunityrelations.com/our_partners.htm (2011). Privacy Policy, Retrieved on June 24, 2011 from http://www.bestbuy.com/site/Help-Topics/PrivacyPolicy/pcmcat204400050062.c?id=pcmcat204400050062&DCMP=rdr2623#priva cy_cookies Best Buy Continues To Prepare For Difficult Economic Environment, (2008). Ecoustics Website, Retrieved on June 24, 2011 from http://www.ecoustics.com/electronics/products/new/536287.html Boyle, M., (2006). Best Buy 's Giant Gamble. Fortune, retrieved on June 23, 2011 from http://money.cnn.com/magazines/fortune/fortune_archive/2006/04/03/8373034/ Civil Justice Report, (2001). Extended Warranties, Retrieved on June 23, 2011 from http://www.manhattan-institute.org/html/cjr_3_part2.htm 23, CPW, (2011).Carphone Warehouse Group plc:Q4 Trading Update, Retrieved on June 24, 2011from http://google.brand.edgaronline.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=79079 407304-18106&SessionID=TCXpHvEvZg4zu27 Datamonitor, (2007). Best Buy Co. Inc., Retrieved on June 23, 2011 from http://favormall.net/clientimages/38996/retailing-bestbuycoinc.pdf (2010), Best Buy Co. Inc. Retrieved on June 23, 2011 Don Reisinger, (2011). Best Buy revenue, earnings slip in 4th quarter, CNET Website, Retrieved on June 23, 2011 from http://news.cnet.com/8301-13506_3-2004675217.html?tag=mncol;txt Form 10-Q for BEST BUY CO INC, (2010). Quarterly Report, Retrieved on June 24, from http://biz.yahoo.com/e/101007/bby10-q.html 2011 Greanpeace, (2007). Companies Revealed to be purchasing forest destruction, retrieved on June 24, 2011 from http://www.greenpeace.org/usa/en/media-center/news- releases/companiesrevealed-to-be-purch/ Gulati, R., (2010). Inside Best Buy 's Customer-Centric Strategy, Harvard Business Review, Retrieved on June 24, 2011 from http://blogs.hbr.org/hbsfaculty/2010/04/inside-best-buys-customer-cent.html Kwok, I., Dornbach-Bender, R., and Lange, R., (2009). Strategic report for Best Buy Co., Oasis Consulting, Retrieved on June 24, 2011 from http://economicsfiles.pomona.edu/jlikens/SeniorSeminars/oasis/reports/BBY.pdf Marc, G., (2009). Best Buy wants your electronic junk, Fortune, retrieved on June 24, 2011 from http://money.cnn.com/2009/11/30/technology/best_buy_recycling.fortune/index.h tm One source, (2011). Fortune 1000 companies, retrieved on June 23, 2011 from http://www.onesource.com/free/Company/FortuneList/Fortune/0 Staff Writer, (2001). DSN honors Best Buy with Specialty Retailer award. Discount Store News. Retrieved on June 23, 2011 from http://findarticles.com/p/articles/mi_m0FNP/is_2_40/ai_70202157/ Tatge, M., (2004) Fun & Games, Retrieved on June 23, 2011 from http://www.forbes.com/free_forbes/2004/0112/138.html USSEC, 2011. Best Buy Co. Inc. Form 10-k, Retrieved on June 23, 2011 from http://phx.corporateir.net/External.File?item=UGFyZW50SUQ9NDQ3NTB8Q2hpbGRJRD0tMXxU eXBlPTM=&t=1
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