BestBuy.com Expands Online Offerings with Home Office Products.Business Editors & Technology Writers MINNEAPOLIS--(BUSINESS WIRE)--June 20, 2001 BestBuy.com(TM), Inc., a wholly owned Internet subsidiary of Best Buy Co., Inc. (NYSE NYSE See: New York Stock Exchange :BBY BBY Best Buy (stock symbol) BBY Before Battle of Yavin (Star Wars) BBY BeBeyond (Chinese online community) ), recently launched Home Office products, as part of its ever-expanding product offerings to online customers. The BestBuy.com Home Office product selection includes telephones (corded, 900 MHz (MegaHertZ) One million cycles per second. It is used to measure the transmission speed of electronic devices, including channels, buses and the computer's internal clock. A one-megahertz clock (1 MHz) means some number of bits (16, 32, 64, etc. and 2.4 GHz cordless, headset Headphones combined with a microphone. Used in call centers and by people in telephone-intensive jobs, headsets provide the equivalent functionality of a telephone handset with hands-free operation. Many people use headsets at the computer so they can converse and type comfortably. and multiline), caller ID A telephone company service that sends the caller's telephone number between the first and second ring of the call. If the calling number is not blocked, the calling number is displayed on the handset or base station of the called party. and answering devices, plus home office accessories such as paper, printer cartridges and batteries. Visitors to the site will also find home office furniture, such as computer desks and carts, hutches, armoires and office chairs. As part of the new Home Office area, select Best Buy stores and BestBuy.com will also offer Samsonite travel luggage. "The home office category is an important part of BestBuy.com's continuing expansion," said Dan Moe, vice president of Merchandising for BestBuy.com. "The launch moves us one step closer toward our goal of having all product categories represented online." BestBuy.com has been developed to give shoppers the flexibility to choose how and when they want to shop, either online or in retail stores. The site strives to make shopping easy by offering shopping tools including a Shopping Assistant, which helps customers select the right product; a Think About(TM) folder, where customers can save products they are considering to purchase; and a Compare feature, which allows shoppers to evaluate product features side by side. BestBuy.com customers have the convenience of receiving home office products through direct home delivery, store pickup or traditional retail purchases from Best Buy's stores. Customers can also return or exchange product via mail or at a store. "BestBuy.com will offer home office customers the information they need to make smart purchasing decisions," Moe said. "By integrating our traditional operations with our online initiative, BestBuy.com offers its customers the products they want, when they want them." Minneapolis-based Best Buy Co., Inc. (NYSE:BBY) is the nation's No. 1 specialty retailer of consumer electronics, personal computers, entertainment software and appliances. The Company operates retail stores and commercial web sites under the names: Best Buy (BestBuy.com), Magnolia Hi-Fi (MagnoliaHiFi.com), Media Play (MediaPlay.com), On Cue (OnCue.com), Sam Goody Sam Goody is a music and entertainment retailer in the United States and formerly in the United Kingdom. It is owned and operated by Musicland, which itself is owned by former rival Trans World Entertainment which also runs Suncoast Motion Picture Company and, until January 2006, (SamGoody.com) and Suncoast (Suncoast.com). The Company reaches consumers through more than 1,700 retail stores nationwide, in Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. and in the U.S. Virgin Islands. Statements made in this news release, other than those concerning historical financial information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are based on management's beliefs and assumptions regarding information currently available, and are made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The Company's actual results could differ materially from those expressed in the forward-looking statements. Factors that could cause results to vary include, among others, those identified in the Company's filings with the Securities and Exchange Commission. The Company has no obligation to publicly update or revise any of the forward-looking statements that may be in this news release. |
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