Best Buy Plans to Open 22 New Stores for Third Fiscal Quarter

Best Buy today announced plans to open 22 new U.S. Best Buy stores in the third fiscal quarter 2010. Included in these plans are the openings of the fifth store in Puerto Rico and an addition to the New York City market, a new store at Union Square. The new store projected for the Plaza Carolina shopping center in Puerto Rico will further expand Best Buy’s ability to serve communities on the island and continue to fulfill the promise of delivering the latest and greatest in technology and electronics. In addition, the Union Square location being developed in New York City will provide a dominant and highly visible presence in the major transportation hub of lower Manhattan.

The new stores are expected to open this fall in the following cities:

Ribbon-cutting ceremonies and $10,000 check presentations to local nonprofits will mark the openings of the new destinations. Updated layouts, highly trained employees, and interactive displays will create a unique and engaging experience for customers. Featuring the latest products and services, the new Best Buy stores will provide customers with the solutions to meet all of their technology needs. Best Buy currently operates 1044 U.S. stores in all 50 states and Puerto Rico, among other operations.

Best Buy Employees: A People Powered Organization

The company’s Blue Shirt employees are the core of Best Buy. As a people-powered organization, Best Buy invests heavily in discovering and training employees in customer service, product knowledge and financial acumen. As the store employees are closest to Best Buy’s customers, the company relies on them for their innovative ideas and feedback to enhance their customers’ shopping experiences. Whether an individual’s passion is to be the best salesperson on the floor, a Geek Squad Agent, home theater installer or the next CEO, Best Buy fuels employees with the knowledge and resources to achieve their personal ambitions.

Committed to the Community

Best Buy is committed to being a vital community partner. Last year alone, Best Buy and the Best Buy Children’s Foundation donated approximately $33.4 million to the communities in which their employees work and live. For more information about Best Buy’s philanthropic efforts, including the Best Buy Teach program, visit www.BestBuy.com and click on the “Community Relations” link.

About Best Buy Co., Inc.

With operations in the United States, Canada, Europe, China and Mexico, Best Buy is a multinational retailer of technology and entertainment products and services with a commitment to growth and innovation. The Best Buy family of brands and partnerships collectively generates more than $45 billion in annual revenue and includes brands such as Best Buy; Audiovisions; The Carphone Warehouse; Future Shop; Geek Squad, Jiangsu Five Star; Magnolia Audio Video; Napster; Pacific Sales; The Phone House; and Speakeasy. Approximately 155,000 employees apply their talents to help bring the benefits of these brands to life for customers through retail locations, multiple call centers and Web sites, in-home solutions, product delivery and activities in our communities. Community partnership is central to the way we do business at Best Buy. In fiscal 2009, we donated a combined $33.4 million to improve the vitality of the communities where our employees and customers live and work. For more information about Best Buy, visit www.bestbuy.com.