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BEST BUY COMPANY REPORTS JANUARY 1992 SALES

 BEST BUY COMPANY REPORTS JANUARY 1992 SALES
 MINNEAPOLIS, Feb. 6 /PRNewswire/ -- Best Buy Co., Inc. (NYSE: BBY),


today reported sales for January 1992 (Jan. 5 through Feb. 1), the eleventh period of its 1992 fiscal year.
 According to Allen Lenzmeier, chief financial officer, January 1992 sales of $74 million were 64 percent more than the $45 million achieved for the comparable four-week period last year. Year-to-date sales were $850 million, an increase of 37 percent over $620 million for the comparable 11-month period last year.
 Comparable store sales increased 26 percent for January 1992 and increased 12 percent for the 11-month period. The company currently operated 73 stores, 56 of which are considered comparable. The promotional and competitive environment continues to place pressure on gross profit margins and the company continues to use this opportunity to expand its market share.
 Best Buy is the third largest publicly held consumer electronics and major appliance retailer in the United States. 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). Best Buy's common stock is traded on the New York Stock Exchange, symbol BBY.
 -0- 02/06/92
 /CONTACT: Richard M. Schulze, 612-896-2448, or Allen Lenzmeier, 612-896-2454, both of Best Buy/
 (BBY) CO: Best Buy Co., Inc. ST: Minnesota IN: REA SU: ERN


KH -- MN001 -- 7472 02/06/92 07:33 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 6, 1992
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