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BEST BUY COMPANY REPORTS DECEMBER 1993 SALES

 MINNEAPOLIS, Jan. 6 /PRNewswire/ -- Best Buy Co., Inc., (NYSE: BBY) today reported sales for December 1993, a five-week period ended Jan. 1, the 10th period of its fiscal 1994 year.
 According to Allen Lenzmeier, chief financial officer, December 1993 sales of $656 million were 99 percent more than the $330 million achieved for the comparable five-week period last year. Year-to-date sales (44 weeks) were $2.47 billion, an increase of 84 percent over $1.34 billion for the same period last year.
 Comparable stores sales increased 38 percent for December 1993 and have increased 25 percent year-to-date. The company currently has 151 locations, 94 of which were considered comparable in December. In December, two locations opened in the Chicagoland area, where Best Buy now operates 23 stores. A total of 40 new stores have been opened this year and seven stores were relocated to expanded facilities.
 "The retail climate was more competitive and promotional this holiday season," Lenzmeier said. "Sales levels achieved by stores opened in new markets this year performed above the company average in December."
 Best Buy is the nation's second largest publicly held consumer electronics and major appliance specialty retailer. The company, now in its 28th year, sells nationally recognized name brand consumer electronics, personal computers and home office products, major appliances, entertainment software and photographic equipment at 151 stores in 18 states primarily in the central United States. Best Buy's common stock is traded on the New York Stock Exchange, symbol BBY.
 -0- 1/6/94
 /CONTACT: Allen Lenzmeier, finance, 612-896-2454; or Susan Hoff, media, 612-896-2443, both of Best Buy/
 (BBY)


CO: Best Buy Co., Inc. ST: Minnesota IN: REA SU: SLS

DB-PB -- MN001 -- 9634 01/06/94 08:28 EST
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Publication:PR Newswire
Date:Jan 6, 1994
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