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BEST BUY'S BOARD APPROVES 35 STORE OPENINGS IN 1993

 MINNEAPOLIS, Jan. 15 /PRNewswire/ -- At the scheduled meeting Thursday, Jan. 14, Best Buy's (NYSE: BBY) board of directors approved the company's expansion plan for 35 new store openings in calendar year 1993. Seventeen new stores will be opened in existing markets to include 10 additional locations in the Chicagoland area, bringing the total there to 24. The company expects to have most of these new stores in operation by the fall of the year. The remaining seven stores will be added in Little Rock, Ark.; Wichita, Kan.; Boulder, Colo.; Dallas and Houston.
 New markets should approximate 18 stores and see the company enter the state of Michigan for the first time. In addition to the Detroit area, stores are planned for Lansing, Ann Arbor, Grand Rapids, Flint, Kalamazoo, Saginaw, Benton Harbor, Jackson and Muskegon.
 The remaining markets in Indiana to open this year are South Bend, Bloomington, Lafayette and Terre Haute, bringing the total number of Best Buy new concept stores in Indiana to 11.
 Richard M. Schulze, Best Buy's chairman and CEO, said, "We are excited about entering Michigan for the first time and confident the combination of concept II and newly developed mega stores will develop strong sales and profits for the company as we lever on our existing operating infrastructure."
 All of the new stores to be opened should be evenly spaced throughout the company's first three quarters and will be managed by present regional management and shipped from existing distribution centers.
 Best Buy is the second largest publicly held consumer electronics and major appliance specialty retailer in the United States. The company, now in its 27th year, sells nationally recognized name brand consumer electronics, home office products, major appliances, entertainment software and photographic equipment at 111 stores in 14 states (Minnesota, Texas, Illinois, Wisconsin, Missouri, Colorado, Indiana, Iowa, Kansas, Nebraska, Oklahoma, Arkansas, New Mexico and South Dakota). Best Buy's common stock is traded on the New York Stock Exchange, symbol BBY.
 -0- 1/15/93
 /CONTACT: Richard M. Schulze, chairman/CEO, 612-896-2448, Brad Anderson, president/COO, 612-896-2453, or Allen Lenzmeier, executive vice president/CFO, 612-896-2454, all of Best Buy/
 (BBY)


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

AL -- MN004 -- 5302 01/15/93 11:07 EST
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Date:Jan 15, 1993
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