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BEST BUY COMPANY REPORTS DECEMBER 1991 SALES

 BEST BUY COMPANY REPORTS DECEMBER 1991 SALES
 MINNEAPOLIS, Jan. 8 /PRNewswire/ -- Best Buy Co., Inc. (NYSE: BBY),


today reported sales for December 1991 (Dec. 1 through Jan. 4) the tenth period of its 1992 fiscal year.
 According to Richard M. Schulze, founder, chairman and CEO, December 1991 sales of $187 million were 48 percent more than the $126 million achieved for the comparable five week period last year. Year-to-date sales were $776 million, a 35 percent increase over $575 million for the comparable 10-month period last year.
 Comparable store sales increased 16 percent for December 1991, and increased 11 percent for the 10-month period. In a Dec. 19 press release, the company indicated that comparable store sales for the month were running below the prior year. This trend changed on Dec. 21, when the company experienced a strong surge in business, which continued for the remainder of the period. December's strong sales performance was accomplished in all markets. The company currently operates 73 stores, 53 of which are considered comparable.
 As indicated in the Dec. 19 press release, an increased promotional environment placed pressure on gross profit margins during the month.
 Best Buy reports sales on a 5-4-4 week basis. Best Buy is the third largest publicly held consumer electronics and major appliance retailer in the U.S. The company sells nationally recognized name brand consumer electronics, major appliances, home office products, entertainment software and photographic equipment at 73 stores in 10 states (Minnesota, Texas, Wisconsin, Missouri, Illinois, Colorado, Iowa, Kansas, Nebraska and South Dakota).
 -0- 1/8/92
 /CONTACT: Richard M. Schulze, chairman and CEO, 612-896-2448, or Allen Lenzmeier, executive vice president and CFO, 612-896-2454, both of Best Buy/
 (BBY) CO: Best Buy Co., Inc. ST: Minnesota IN: REA SU:


PS -- NY054 -- 7558 01/08/92 07:30 EST
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Date:Jan 8, 1992
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