{"id":2794,"date":"2025-04-30T10:38:08","date_gmt":"2025-04-30T10:38:08","guid":{"rendered":"https:\/\/bullfincher.io\/blog\/?p=2794"},"modified":"2025-06-14T07:23:25","modified_gmt":"2025-06-14T07:23:25","slug":"best-buy-mission-statement","status":"publish","type":"post","link":"https:\/\/bullfincher.io\/blog\/best-buy-mission-statement\/","title":{"rendered":"Best Buy Mission Statement"},"content":{"rendered":"\n<ul style=\"background-color:#f3f5f8\" class=\"wp-block-list has-background\">\n<li class=\"has-text-color has-link-color wp-elements-8460ffd1cbcca6af1cb7f55373de1b47\" style=\"color:#060606\"><strong>Company:<\/strong> <a href=\"https:\/\/www.bullfincher.io\/companies\/best-buy-co\/overview\">Best Buy Co, Inc.&nbsp; <\/a>&nbsp;<\/li>\n\n\n\n<li class=\"has-text-color has-link-color wp-elements-16c46ac41137392d74244f15762d97b3\" style=\"color:#060606\"><strong>CEO:<\/strong> <a href=\"https:\/\/www.bullfincher.io\/companies\/best-buy-co\/ceo-salary\">Corie Sue Barry<\/a><\/li>\n\n\n\n<li class=\"has-text-color has-link-color wp-elements-84816df20a8b7f806b60fc92b0febbf1\" style=\"color:#060606\"><strong>Year founded:<\/strong> 1966<\/li>\n\n\n\n<li class=\"has-text-color has-link-color wp-elements-a595d846c101a4d9cf61a5521508966b\" style=\"color:#060606\"><strong>Headquarters:<\/strong> Richfield, Minnesota, USA<\/li>\n\n\n\n<li class=\"has-text-color has-link-color wp-elements-e9893b6dc8df38e06fdf3c1f890f1828\" style=\"color:#060606\"><strong>Number of Employees:<\/strong> <a href=\"https:\/\/www.bullfincher.io\/companies\/best-buy-co\/number-of-employees\">85,000<\/a><\/li>\n\n\n\n<li class=\"has-text-color has-link-color wp-elements-c7a430befca2dc062f0188079e3349c5\" style=\"color:#060606\"><strong>Type:<\/strong> Public<\/li>\n\n\n\n<li class=\"has-text-color has-link-color wp-elements-d80a103d242acb4f2b5c5ca1478b8427\" style=\"color:#060606\"><strong>Ticker Symbol:<\/strong> BBY<\/li>\n\n\n\n<li class=\"has-text-color has-link-color wp-elements-ad1f7ba84873b37a74a426a3617b59d0\" style=\"color:#060606\"><strong>Market Cap (Mar 2025):<\/strong> <a href=\"https:\/\/www.bullfincher.io\/companies\/best-buy-co\/market-cap\">$12.91 Billion<\/a><\/li>\n\n\n\n<li class=\"has-text-color has-link-color wp-elements-8156b42d993b13e1c0f10ff5e58a31d7\" style=\"color:#060606\"><strong>Annual Revenue (FY2025):<\/strong> <a href=\"https:\/\/www.bullfincher.io\/companies\/best-buy-co\/revenue\">$41.528 Billion<\/a><\/li>\n\n\n\n<li class=\"has-text-color has-link-color wp-elements-f3c1eb584e18e4f3b3180df090794955\" style=\"color:#060606\"><strong>Profit | Net income (FY2025):<\/strong> <a href=\"https:\/\/www.bullfincher.io\/companies\/best-buy-co\/financial-statements#income-statement\">$927 Million<\/a><\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-color has-background has-link-color wp-elements-e2ede514c1316ef40db6fe0c55176386\" style=\"color:#000000;background-color:#f3f5f8\"><strong>Products &amp; Services:<\/strong> <a href=\"https:\/\/bullfincher.io\/ranking\/largest-tech-companies-in-the-world-by-market-cap\">Electronics<\/a> | <a href=\"https:\/\/bullfincher.io\/companies\/honeywell-international\/overview\">Appliances<\/a> | <a href=\"https:\/\/bullfincher.io\/companies\/dell-technologies\/overview\">Computers<\/a> | Cell Phones | <a href=\"https:\/\/bullfincher.io\/companies\/the-home-depot\/overview\">Home Goods<\/a> | Expert Consultations | Installation | Repair &amp; Support Services | Toys, Games &amp; Collectibles | Fitness Equipment | Gift Cards | Service Plans &nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"has-text-color has-background has-link-color wp-elements-3e6cb8626feb705c998bb1bcfdfb421e\" style=\"color:#000000;background-color:#f3f5f8\"><strong>Competitors:<\/strong> <a href=\"https:\/\/bullfincher.io\/companies\/amazoncom\/overview\">Amazon<\/a> | <a href=\"https:\/\/bullfincher.io\/companies\/walmart\/overview\">Walmart<\/a> | <a href=\"https:\/\/bullfincher.io\/companies\/target-corporation\/overview\">Target<\/a> | <a href=\"https:\/\/bullfincher.io\/companies\/costco-wholesale-corporation\/overview\">Costco<\/a> | <a href=\"https:\/\/bullfincher.io\/companies\/the-home-depot\/overview\">Home Depot<\/a> | Alibaba | <a href=\"https:\/\/bullfincher.io\/companies\/ebay\/overview\">eBay<\/a> | <a href=\"https:\/\/bullfincher.io\/companies\/lowes-companies\/overview\">Lowe\u2019s<\/a> | <a href=\"https:\/\/bullfincher.io\/companies\/apple\/overview\">Apple.com<\/a> | <a href=\"https:\/\/bullfincher.io\/companies\/wayfair\/overview\">Wayfair<\/a> | HHGregg<\/p>\n\n\n\n<p class=\"has-text-color has-background has-link-color wp-elements-38afa8ef73fd5ab5b23a5b3e5deec07f\" style=\"color:#000000;background-color:#f3f5f8\"><strong>Did you know?<\/strong> Best Buy is America\u2019s largest specialty consumer electronics retailer.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<p><span style=\"color: #000000;\">Best Buy is America&#8217;s consumer electronics retail store founded by Richard M. Schulze as Sound of Music. It operates over 1,000 stores in the US and Canada. Best Buy\u2019s mission, values, and sustainability strategy drive growth and success. In FY2025, Best Buy generated<\/span> <a href=\"https:\/\/www.bullfincher.io\/companies\/best-buy-co\/revenue\"><strong>$41.528 billion<\/strong><\/a><span style=\"color: #000000;\"><strong> in annual revenue<\/strong>. The domestic segment made<\/span> <a href=\"https:\/\/www.bullfincher.io\/companies\/best-buy-co\/revenue-by-segment\">$38.238 billion<\/a><span style=\"color: #000000;\">, while the international segment delivered<\/span> <a href=\"https:\/\/www.bullfincher.io\/companies\/best-buy-co\/revenue-by-segment\">$3.29 billion<\/a>. <span style=\"color: #000000;\">The Minnesota-based retailer is expanding its retail and distribution network to serve more consumers. [<\/span><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250303240791\/en\/Best-Buy-Reports-Fourth-Quarter-Results\" target=\"_blank\" rel=\"noopener\">1<\/a><span style=\"color: #000000;\">]<\/span><\/p>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.bullfincher.io\/companies\/best-buy-co\/revenue-by-segment\"><img loading=\"lazy\" decoding=\"async\" width=\"814\" height=\"583\" src=\"https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buys-Revenue-by-Segment.png\" alt=\"Best Buy\u2019s Revenue by Segment\" class=\"wp-image-2815\" srcset=\"https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buys-Revenue-by-Segment.png 814w, https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buys-Revenue-by-Segment-300x215.png 300w, https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buys-Revenue-by-Segment-768x550.png 768w, https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buys-Revenue-by-Segment-370x265.png 370w, https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buys-Revenue-by-Segment-270x193.png 270w, https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buys-Revenue-by-Segment-570x408.png 570w, https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buys-Revenue-by-Segment-740x530.png 740w\" sizes=\"auto, (max-width: 814px) 100vw, 814px\" \/><\/a><\/figure><\/div>\n\n<p style=\"text-align: center;\">Check out: <a href=\"https:\/\/www.bullfincher.io\/companies\/best-buy-co\/revenue-by-segment\" data-wplink-edit=\"true\">Best Buy\u2019s Revenue by Segment<\/a><\/p>\n<p><span style=\"color: #000000;\">To understand why Best Buy is so successful, here is a comprehensive analysis of its mission statement, values, and sustainability goals.<\/span><\/p>\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-best-buy-s-mission-statement\">Best Buy\u2019s Mission Statement<\/h2>\n\n\n\n<p class=\"has-text-color has-background has-link-color has-huge-font-size wp-elements-2a5b8a8d673c799cf01ed3c3047a4944\" style=\"color:#333333;background-color:#f3f5f8\"><strong><em><em>To enrich lives through technology<\/em>.<\/em><\/strong><\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<p><span style=\"color: #000000;\">Best Buy states, \u201c<em>We enrich lives through technology by leveraging our unique combination of tech expertise and human touch to meet our customers&#8217; everyday needs, whether they come to us online, visit our stores, or invite us into their homes<\/em>.\u201d [<\/span><a href=\"https:\/\/corporate.bestbuy.com\/about-best-buy\/\" target=\"_blank\" rel=\"noopener\">2<\/a><span style=\"color: #000000;\">]<\/span><\/p>\n<p><span style=\"color: #000000;\">Here is our analysis of Best Buy\u2019s mission statement:<\/span><\/p>\n<h4><span style=\"color: #000000;\">1. Enrich lives<\/span><\/h4>\n<p><span style=\"color: #000000;\">Best Buy strives to improve people&#8217;s lives by providing access to the latest technologies and educating consumers about tech solutions. The retailer believes innovation and technology define how people live. It has delivered on its mission to enrich lives through tech assortment and solutions for nearly six decades. In Jul 2024, Best Buy introduced <strong>changes to its brand and personalized experiences<\/strong>. Why? The retailer seeks to reimagine the role consumers want it to play in their lives because technology has evolved.<\/span><\/p>\n<p><span style=\"color: #000000;\">Best Buy believes its customers understand or can research tech solutions without expert assistance. Today\u2019s consumers want the retailer to help them discover new technology to improve their lives and do more of what they love. In Jul 2024, Best Buy <strong>refreshed its brand with a modern look and feel and a new tagline<\/strong>. The retailer unveiled its Gram ad to convey its new role in enriching consumers\u2019 lives through technology. [<\/span><a href=\"https:\/\/corporate.bestbuy.com\/2024\/best-buy-reimagines-its-role-in-bringing-tech-to-life-for-customers\/\" target=\"_blank\" rel=\"noopener\">3<\/a><span style=\"color: #000000;\">]<\/span><\/p>\n<h4><span style=\"color: #000000;\">2. Provide tech expertise and advice<\/span><\/h4>\n<p><span style=\"color: #000000;\">Best Buy is committed to providing technical knowledge and expert guidance to its customers to help them make informed decisions. Its expertise ensures clients maximize the tech benefits of their<\/span> <a href=\"https:\/\/bullfincher.io\/ranking\/largest-electronics-companies-in-the-world-by-market-cap\">electronics<\/a><span style=\"color: #000000;\">, appliances, PCs, and phones. In Jun 2024, Best Buy\u2019s<strong> Geek Squad celebrated 30 years of incredible tech service<\/strong>. Geek Squad\u2019s agents offer their tech experience and expertise to customers countrywide. They also pre-configure and test all devices and provide 24\/7 tech support. Best Buy launched Geek Squad as a Service to offer device lifecycle management support to other businesses. [<\/span><a href=\"https:\/\/corporate.bestbuy.com\/2024\/geek-squad-celebrates-30-years-of-incredible-tech-service\/\" target=\"_blank\" rel=\"noopener\">4<\/a><span style=\"color: #000000;\">]<\/span><\/p>\n<h4><span style=\"color: #000000;\">3. Offer extensive product variety to meet customer needs<\/span><\/h4>\n<p><span style=\"color: #000000;\">Best Buy strives to provide a wide product variety to meet ever-evolving consumer demand. The retailer refreshes its inventory regularly to align with customers\u2019 needs. It plans to offer AI-enabled laptops and smartphones to drive sales. In May 2024,<\/span> <a href=\"https:\/\/bullfincher.io\/companies\/microsoft-corporation\/overview\">Microsoft<\/a> <span style=\"color: #000000;\">announced <strong>new PCs that include Copilot<\/strong>, an AI-powered chatbot. The collection has around 40 items, with about 40% exclusive to Best Buy. &#8220;<em>Five years ago, we would have never carried jewelry in our stores, and now we&#8217;re going to have a whole section of wellness-oriented products that you can wear in unique ways<\/em>,&#8221; said CEO Barry. [<\/span><a href=\"https:\/\/www.cnbc.com\/2024\/07\/23\/best-buy-unveils-plans-to-grow-sales-cash-in-on-ai.html\" target=\"_blank\" rel=\"noopener\">5<\/a><span style=\"color: #000000;\">]<\/span><\/p>\n<p><span style=\"color: #000000;\">Best Buy offers the widest variety of media, appliances, and electronics. Customers can find most home items under one roof, from cell phones to wall ovens, vacuum cleaners, dishwashers, televisions, security systems, and mattresses. In Mar 2024, Best Buy announced plans to <strong>overhaul its in-store experience<\/strong> and update its tech centers. The move includes scrapping outdated items and replacing them with the latest products. &#8220;We are planning to open a few additional outlet centers and new formats to continue to test two concepts,&#8221; said CEO Barry. [<\/span><a href=\"https:\/\/www.thestreet.com\/retail\/best-buy-planning-major-store-changes-closures-in-2024\" target=\"_blank\" rel=\"noopener\">6<\/a><span style=\"color: #000000;\">]<\/span><\/p>\n<h4><span style=\"color: #000000;\">4. Deliver excellent omnichannel customer service<\/span><\/h4>\n<p><span style=\"color: #000000;\">Best Buy aims to cater to customers\u2019 needs across touchpoints and channels, from in-store to online and at-home service. It has a significant market presence in the US. In 2024, <strong>Best Buy Canada partnered with Bell Canada<\/strong> to establish around 167 small-format consumer tech stores across Canada-branded Best Buy Express.<\/span><\/p>\n<p><span style=\"color: #000000;\">The partners opened the inaugural Best Buy Express store in Guildford Town Centre, Surrey, British Columbia, in Jun 2024. The new outlets will feature a curated tech assortment and allow customers to shop Best Buy\u2019s full assortment online and pick up or return products in-store. [<\/span><a href=\"https:\/\/www.forbes.com\/sites\/markfaithfull\/2024\/07\/10\/best-buy-fast-tracks-canadian-expansion-with-first-express-store\/\" target=\"_blank\" rel=\"noopener\">7<\/a><span style=\"color: #000000;\">]<\/span><\/p>\n<p><span style=\"color: #000000;\">Best Buy is committed to delivering orders quickly to enhance the customer experience. The retailer has invested in its distribution network to achieve this mission. In Dec 2024, Best Buy began <strong>expanding and upgrading its distribution center footprint<\/strong> to improve order accuracy and faster shipping.<\/span><\/p>\n<p><span style=\"color: #000000;\">The company is implementing autonomous guided vehicles in its retail distribution facilities. It opened its 20th delivery distribution center, introduced<\/span> <a href=\"https:\/\/bullfincher.io\/ranking\/largest-ai-companies-in-the-world-by-market-cap\">AI-powered delivery tracking<\/a><span style=\"color: #000000;\">, and launched a new parcel scheduling service in 2024. These investments will improve the customer experience across channels. [<\/span><a href=\"https:\/\/www.supplychaindive.com\/news\/best-buy-distribution-center-automation\/735558\/\" target=\"_blank\" rel=\"noopener\">8<\/a><span style=\"color: #000000;\">]<\/span><\/p>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.bullfincher.io\/companies\/best-buy-co\/revenue-by-geography\"><img loading=\"lazy\" decoding=\"async\" width=\"829\" height=\"485\" src=\"https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buys-Revenue-by-Geography.png\" alt=\"Best Buy\u2019s Revenue by Geography\" class=\"wp-image-2817\" srcset=\"https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buys-Revenue-by-Geography.png 829w, https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buys-Revenue-by-Geography-300x176.png 300w, https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buys-Revenue-by-Geography-768x449.png 768w, https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buys-Revenue-by-Geography-370x216.png 370w, https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buys-Revenue-by-Geography-270x158.png 270w, https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buys-Revenue-by-Geography-570x333.png 570w, https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buys-Revenue-by-Geography-740x433.png 740w\" sizes=\"auto, (max-width: 829px) 100vw, 829px\" \/><\/a><\/figure><\/div>\n\n<p style=\"text-align: center;\">Check out: <a href=\"https:\/\/www.bullfincher.io\/companies\/best-buy-co\/revenue-by-geography\">Best Buy\u2019s Revenue by Geography<\/a><\/p>\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-best-buy-s-values\">Best Buy\u2019s Values<\/h2>\n\n\n<p><span style=\"color: #000000;\">Best Buy\u2019s values define its culture and guide how the company works, serves customers, and makes business decisions. They\u2019re woven into the company\u2019s DNA and reflect its true identity. The retailer encourages employees to have fun while being the best, learn from challenges and change, and show respect, humility, and integrity. It also strives to unleash its people\u2019s power, provide the best employee experience, and cultivate a <strong>culture that creates a sense of belonging <\/strong>and growth opportunities. [<\/span><a href=\"https:\/\/jobs.bestbuy.com\/bby?id=item_detail&amp;content=culture\" target=\"_blank\" rel=\"noopener\">9<\/a><span style=\"color: #000000;\">]<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Have fun while being the best:<\/strong> Best Buy has nurtured an exciting and rewarding workplace. Its employees <strong>have fun working with the latest tech<\/strong>. For example, Geek Squad agents test new devices and provide technical advice to clients based on their experience. The retailer believes having fun while helping clients benefits both parties. [<\/span><a href=\"https:\/\/jobs.bestbuy.com\/bby?id=item_detail&amp;content=values\" target=\"_blank\" rel=\"noopener\">10<\/a><span style=\"color: #000000;\">]<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Learn from challenge and change:<\/strong> Best Buy adhered to this value to overcome competition from<\/span> <a href=\"https:\/\/bullfincher.io\/companies\/amazoncom\/overview\">Amazon<\/a> <span style=\"color: #000000;\">and other online retailers. The retailer learned from the challenge, changed its strategy, and triumphed. Its 2012 net revenue dropped to -$1 billion, and stock value dipped to $25. In Aug 2012, Hubert Joly became the new CEO. He enhanced <strong>employee engagement and customer-centricity<\/strong> while maintaining ESG commitments. This strategy differentiated Best Buy from Amazon and helped the retailer overcome the e-commerce giant. The company urges its employees to learn from their challenges and embrace change. [<\/span><a href=\"https:\/\/emmanuelobadia.com\/2023\/03\/01\/bestbuys-incredible-turnaround-how-employee-engagement-and-customer-centricity-saved-the-day-while-maintaining-esg-commitments\/\" target=\"_blank\" rel=\"noopener\">11<\/a><span style=\"color: #000000;\">]<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Unleash the Power of Our People:<\/strong> Best Buy strives to build an inclusive workplace that empowers all employees to be their best. The retailer appreciates using its team\u2019s diverse talents to deliver a world-class customer experience and enrich lives through technology. It believes everyone has a story to tell and deserves a chance to showcase their talent. Inclusion and belonging are ingrained in Best Buy&#8217;s DNA.<br \/>For example, its Employee Resource Groups bring together employees to foster community and allyship, elevate cultural perspectives, and promote mentorship and career development for diverse talent. Best Buy values people who <strong>show grace, empathy, courage, and vulnerability<\/strong>. [<\/span><a style=\"font-size: revert;\" href=\"https:\/\/jobs.bestbuy.com\/bby?id=item_detail&amp;content=inclusion\" target=\"_blank\" rel=\"noopener\">12<\/a><span style=\"font-size: revert; color: #000000;\">]<\/span><\/li>\n<li>\n<p><span style=\"color: #000000;\"><strong>Show Respect, Humility, and Integrity:<\/strong> Best Buy\u2019s Code of Ethics states, \u201c<em>Help maintain a workplace where everyone feels valued and encouraged to contribute<\/em>.\u201d Employees can fulfill obligations by showing respect to their colleagues. The retailer requires its team to execute all transactions with integrity as defined by the Code of Ethics. Humility is an essential driver of customer experience. Best Buy believes every customer deserves honest, impartial service. [<\/span><a href=\"https:\/\/corporate.bestbuy.com\/wp-content\/uploads\/2020\/07\/BBY_COE_EXT_FINAL_070820_SECURE.pdf\" target=\"_blank\" rel=\"noopener\">13<\/a><span style=\"color: #000000;\">]<\/span><\/p>\n<\/li>\n<\/ul>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.bullfincher.io\/companies\/best-buy-co\/competitors\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"631\" src=\"https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buy-Competitors-1024x631.png\" alt=\"Best  Buy Competitors\" class=\"wp-image-2819\" srcset=\"https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buy-Competitors-1024x631.png 1024w, https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buy-Competitors-300x185.png 300w, https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buy-Competitors-768x473.png 768w, https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buy-Competitors-370x228.png 370w, https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buy-Competitors-270x166.png 270w, https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buy-Competitors-570x351.png 570w, https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buy-Competitors-740x456.png 740w, https:\/\/bullfincher.io\/blog\/wp-content\/uploads\/2025\/04\/Best-Buy-Competitors.png 1139w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n<p style=\"text-align: center;\">Check out: <a href=\"https:\/\/www.bullfincher.io\/companies\/best-buy-co\/competitors\">Best\u00a0 Buy Competitors<\/a><\/p>\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-best-buy-s-sustainability-goals\">Best Buy\u2019s Sustainability Goals<\/h2>\n\n\n<p><span style=\"color: #000000;\">Best Buy strives to be a leader in corporate responsibility and sustainability (CR&amp;S) issues. The company has set several sustainability goals on environmental, governance, and social, including:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Achieve carbon neutrality by 2040.<\/span><\/li>\n<li><span style=\"color: #000000;\">Help customers reduce carbon emissions by 20%.<\/span><\/li>\n<li><span style=\"color: #000000;\">Achieve $5 billion in energy savings for customers by 2030. [<\/span><a href=\"https:\/\/corporate.bestbuy.com\/our-goals\/\" target=\"_blank\" rel=\"noopener\">14<\/a><span style=\"color: #000000;\">]<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">How is Best Buy progressing on its sustainability goals?<\/span><\/p>\n<p><span style=\"color: #000000;\">Best Buy is committed to protecting the environment and conserving natural resources. The retailer combines several strategies to minimize its footprint and<\/span> <a href=\"https:\/\/bullfincher.io\/ranking\/largest-pollution-control-companies-in-the-world-by-market-cap\">environmental impact<\/a><span style=\"color: #000000;\">. It operates<\/span> <a href=\"https:\/\/bullfincher.io\/ranking\/largest-pollution-control-companies-in-united-states-by-market-cap\">America\u2019s largest e-waste recycling program<\/a> <span style=\"color: #000000;\">and works with customers to keep tech out of landfills. Since 2009, Best Buy has collected 2.7 billion pounds of electronics and appliances for recycling. It also offers eco-friendly products to help customers live more sustainably. \u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">Best Buy understands the importance of creating long-term value for employees, customers, shareholders, vendors, and communities. It has implemented several projects to fulfill this goal, including helping customers<\/span> <a href=\"https:\/\/bullfincher.io\/ranking\/largest-renewable-energy-companies-in-the-world-by-market-cap\">reduce energy consumption<\/a><span style=\"color: #000000;\">, expanding the Best Buy Teen Tech Centers network, and fostering a sense of belonging and engagement for its employees.<\/span><\/p>\n<p><span style=\"color: #000000;\">In 2024, the retailer had <strong>reduced its carbon emissions by 69%<\/strong> from a 2009 baseline. It\u2019s on track to becoming carbon neutral by 2040. Best Buy achieved 10 zero-waste TRUE-certified supply chain facilities and helped customers recycle over 170 million pounds of electronics and appliances in 2024. Membership in its Enterprise Inclusion Groups grew by over 16%. [<\/span><a href=\"https:\/\/corporate.bestbuy.com\/2024\/fy24-crs-report\/\" target=\"_blank\" rel=\"noopener\">15<\/a><span style=\"color: #000000;\">]<\/span><\/p>\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-references\">References<\/h3>\n\n\n<ol>\n<li>Best Buy Co., Inc. (2025, Mar 4). <a href=\"https:\/\/www.businesswire.com\/news\/home\/20250303240791\/en\/Best-Buy-Reports-Fourth-Quarter-Results\" target=\"_blank\" rel=\"noopener\">Best Buy Reports Fourth Quarter Results<\/a>. Business Wire<\/li>\n<li>Best Buy Co. Inc. <a href=\"https:\/\/corporate.bestbuy.com\/about-best-buy\/\" target=\"_blank\" rel=\"noopener\">About Best Buy<\/a>. BestBuy.com<\/li>\n<li>Best Buy (2024, Jul 23). <a href=\"https:\/\/corporate.bestbuy.com\/2024\/best-buy-reimagines-its-role-in-bringing-tech-to-life-for-customers\/\" target=\"_blank\" rel=\"noopener\">Best Buy reimagines its role in bringing tech to life for customers<\/a>. BestBuy.com<\/li>\n<li>Best Buy (2024, Jun 13). <a href=\"https:\/\/corporate.bestbuy.com\/2024\/geek-squad-celebrates-30-years-of-incredible-tech-service\/\" target=\"_blank\" rel=\"noopener\">Geek Squad celebrates 30 years of incredible tech service<\/a>. BestBuy.com<\/li>\n<li>Repko, M. (2024, Jul 23). <a href=\"https:\/\/www.cnbc.com\/2024\/07\/23\/best-buy-unveils-plans-to-grow-sales-cash-in-on-ai.html\" target=\"_blank\" rel=\"noopener\">Here&#8217;s how Best Buy tries to convince customers to replace pandemic-era devices and buy into AI<\/a>. CNBC<\/li>\n<li>Warburton, J. (2024, Mar 1). <a href=\"https:\/\/www.thestreet.com\/retail\/best-buy-planning-major-store-changes-closures-in-2024\" target=\"_blank\" rel=\"noopener\">Best Buy is planning major store changes and closures in 2024<\/a>. The Street<\/li>\n<li>Faithfull, M. (2024, Jul 10). <a href=\"https:\/\/www.forbes.com\/sites\/markfaithfull\/2024\/07\/10\/best-buy-fast-tracks-canadian-expansion-with-first-express-store\/\" target=\"_blank\" rel=\"noopener\">Best Buy Fast Tracks Canadian Expansion With First Express Store<\/a>. Forbes<\/li>\n<li>Neuffer, P. (2024, Dec 16). <a href=\"https:\/\/www.supplychaindive.com\/news\/best-buy-distribution-center-automation\/735558\/\" target=\"_blank\" rel=\"noopener\">Best Buy leans on distribution upgrades for faster delivery<\/a>. Supply Chain Dive<\/li>\n<li>Best Buy. <a href=\"https:\/\/jobs.bestbuy.com\/bby?id=item_detail&amp;content=culture\" target=\"_blank\" rel=\"noopener\">Our Culture: A great place to work<\/a>. BestBuy.com<\/li>\n<li>Best Buy. <a href=\"https:\/\/jobs.bestbuy.com\/bby?id=item_detail&amp;content=values\" target=\"_blank\" rel=\"noopener\">Culture: Our Values<\/a>. BestBuy.com<\/li>\n<li>Obadia, E. (2023, Mar 1). <a href=\"https:\/\/emmanuelobadia.com\/2023\/03\/01\/bestbuys-incredible-turnaround-how-employee-engagement-and-customer-centricity-saved-the-day-while-maintaining-esg-commitments\/\" target=\"_blank\" rel=\"noopener\">Best Buy\u2019s Incredible Turnaround: How Employee Engagement and Customer-Centricity Saved the Day while maintaining ESG commitments<\/a>. Emmanuel Obadia<\/li>\n<li>Best Buy. <a href=\"https:\/\/jobs.bestbuy.com\/bby?id=item_detail&amp;content=inclusion\" target=\"_blank\" rel=\"noopener\">Culture: Inclusion &amp; Belonging<\/a>. BestBuy.com<\/li>\n<li>Best Buy (2020, Jul 30). <a href=\"https:\/\/corporate.bestbuy.com\/wp-content\/uploads\/2020\/07\/BBY_COE_EXT_FINAL_070820_SECURE.pdf\" target=\"_blank\" rel=\"noopener\">Code of Ethics: At our best<\/a>. BestBuy.com<\/li>\n<li>Best Buy. <a href=\"https:\/\/corporate.bestbuy.com\/our-goals\/\" target=\"_blank\" rel=\"noopener\">Sustainability: Our Goals<\/a>. BestBuy.com<\/li>\n<li>Best Buy (2024, Jul 26). <a href=\"https:\/\/corporate.bestbuy.com\/2024\/fy24-crs-report\/\" target=\"_blank\" rel=\"noopener\">Highlights from our FY24 Corporate Responsibility and Sustainability Report<\/a>. BestBuy.com<\/li>\n<li>Feature Image by <a href=\"https:\/\/unsplash.com\/@piak?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash\" target=\"_blank\" rel=\"noopener\">Josip Ivankovic<\/a><\/li>\n<\/ol>","protected":false},"excerpt":{"rendered":"<p>Products &amp; Services: Electronics | Appliances | Computers | Cell Phones | Home Goods | Expert Consultations | Installation | Repair &amp; Support Services | Toys, Games &amp; Collectibles | Fitness Equipment | Gift Cards | Service Plans &nbsp;&nbsp; Competitors: Amazon | Walmart | Target | Costco | Home Depot | Alibaba | eBay | [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[],"class_list":["post-2794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mission-statement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v25.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Blog - Bullfincher<\/title>\n<meta name=\"description\" content=\"What is Best Buy\u2019s mission statement? 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