best buy careers in finance, accounting, or tax

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Best Buy Best Buy

Finance, Accounting and Tax

at Best BuyInformation for the potential future employee

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OverviewOverview

• Enterprise Overview• Performance Summary• Strategic Priorities• Our Values and Our

Culture• Finance Function• Corporate Campus• Twin Cities • Career Opportunities

Best Buy Finance, Accounting, Tax opportunities

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Who Is Best Buy?Who Is Best Buy?

• #1 consumer electronics retailer in the world

• Fortune 100 Company – 2007 #72 with Revenues in excess of $30 Billion

• 2004 Forbes Company of the Year• A 2005 Twin Cities Best Place to Work• 4,000 corp employees – over 130,000 total• Over 1,150 locations (North America)


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Our BrandsOur Brands


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• Flagship brand, operating 975 stores in the U.S., Canada and China

• Large format boxes selling consumer electronics and entertainment products, 21% market share in the U.S.

• Founded in 1982, Canada’s largest consumer electronics retailer by 1990

• Purchased by Best Buy in 2001, operating 131 stores across Canada with 20% market share, commissioned sales force

• 3rd largest appliance and consumer electronics retailer in China, operating 160 stores in 7 of China’s 34 provinces

• Majority interest (75%) purchased by Best Buy in 2006


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• Founded in 1954 in Seattle, WA; purchased by Best Buy in 2000; specializes in high-end home theater equipment

• Currently operating 13 stand-alone stores, and nearly 350 store-in-store locations in Best Buy stores

• Founded in 1960 in Southern California, purchased by Best Buy in 2006

• Operating 19 stores, specializes in high-end home improvement products and appliances

• Founded in 1994 as a 24-hour computer support service, purchased by Best Buy in 2002

• Agents operating in all Best Buy, Geek Squad stand-alone, and select Carphone Warehouse stores


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• Founded in 1994 as an Internet café in Seattle, now is an industry leader in broadband services

• Acquired by Best Buy in 2007, provides end-to-end voice and data solutions to small business customers

• Founded in 1989 as a residential custom installation provider

• Purchased by Best Buy in 2005, specializes in the integration of audio, video, lighting, and HVAC into one system


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Carphone WarehouseCarphone Warehouse


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North American LeaderNorth American Leader


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Global PresenceGlobal Presence


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Performance SummaryPerformance Summary


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FY08 HighlightsFY08 Highlights

• Achieved significant milestone of $40B in enterprise revenues• Delivered 12% EPS growth in challenging U.S. environment

– Operating income improved 8% and repurchased 75.6 million shares

• Continued to grow market share, customer satisfaction and loyalty; improved employee turnover to 60%

• Made significant investments in growth categories, including:– Now operate 357 Apple store-in-store locations, only retailer to

offer ALL major brands– Now operate 181 Best Buy Mobile store-in-store locations in

relationship with The Carphone Warehouse


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Revenue Mix and GrowthRevenue Mix and Growth

Appliances

Home Office

Entertainment Software

Consumer Electronics

Services

Other

Total

Revenue Mix Summary

Year Ended March 1, 2008

Comparable Store Sales

Year Ended March 1, 2008

41%

28%

19%

6%

6%

<1%

100%

(1.3%)

7.1%

7.9%

(2.6%)

5.5%

n/a

2.9%


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Growth StrategiesGrowth Strategies• Emerging Businesses

Winning With Women Best Buy for Business Financial Services Best Buy Mobile

• Customer Growth Building Relationships & Loyalty Reward Zone

• International New market growth

Mexico & Turkey Dual Brand Strategy

China – Best Buy & Five StarCanada – Best Buy & Future ShopEurope – Best Buy and Carphone Warehouse

• Infrastructure Optimization of Supply Chain through Global

Sourcing Simplification of IT platforms


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Customer CentricityCustomer Centricity


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Our ValuesOur Values

• Our Values– Have fun while being the best – Learn from challenge and change – Show respect, humility and

integrity

– Unleash the power of our people


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Our CultureOur Culture

• Our Culture– Exhilarating, challenging, rewarding– Sense of community – no ivory

towers– Give back to our communities– “Results Only Work Environment”

• Featured in Time magazine and on 60 Minutes

– Multiculturalism and diversity are critical elements

– Focus on strengths…talent powered– Total Rewards– Flexible career paths


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Best Buy FinanceBest Buy Finance

Leaders who can lead with IMPACT Innovate, Motivate, Perform with Agility, Courage and

Trust

• Ability to influence without authority• Malleability: ability to adjust to every circumstance• Comfort with ambiguity• Impact beyond current sphere of responsibilities• Makes others around him/her successful• Unleashes and increases talent throughout the organization• Comfortable with taking risks• Lives and teaches the Best Buy values


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Financial Services

Corporate Finance

Specialty Areas

Decision Support

Leadership

Team

Directors

Managers

Supervisors

Seniors

Accountant/ Analyst

Best Buy Finance Organization

Best Buy Finance Organization“Portfolio of Experiences”

•Corporate Departments•Financial Planning and Analysis•Financial Accounting and Reporting•External Reporting and Internal Audit•Governance of financial planning, accounting and reporting for the Enterprise •External/regulatory reports (I.e. 10-k, 10-q, Proxy, etc.)

•Financial Services Departments •Merchandise Payables•Finance Systems & Project Management•Inventory Control•Payroll•Sales Audit•Accounts Receivables and Accounts Payables

This area of Finance focuses largely on transaction processing function and managing large staffs. Currently, financial services is focusing on reducing processing costs while improving customer service

•Specialized Services•Tax•Treasury •Commodity Sourcing and Procurement

•Professionals in these areas spend a significant portion of their career within the specialty area and develop significant depth of experience

•Decision Support Finance•Business Teams •Corporate Development•IS•HR •Legal•Consumer Hub•Properties•Logistics•Credit FinanceThese Finance teams provide financial decision support to power decisions and drive value within business units


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Corporate CampusCorporate Campus

• Leadership Institute• Expansive Cafeteria• New Horizon child care• Minute Clinic• On Site Pharmacy • Fitness center• Caribou coffee shop• US Bank• Basketball courts• Putting green• Walking paths• Gaming area• Concerts


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• 2.9 million people – 13th largest metro area in the U.S.

• Forbes Magazine’s “Most Affordable Place to Live Well” in 2007 (Minneapolis)

• Quality of life enhanced by philanthropic efforts of corporate community

• 20 Fortune 500 Companies– Minnesota ranks 9th among states in Fortune 500 company

headquarters – General Mills, Medtronic, Guidant, United Health Group, 3M,

Target, US Bancorp, Northwest Airlines, St Paul Co., Land O Lakes, Super Valu, etc.

• Entertainment and cultural center of the Midwest

• Diverse population• Many pro and college sports teams• Variety of entertainment venues,

restaurants and night clubs

Twin CitiesTwin Cities


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Stay connected with our OpportunitiesStay connected with our Opportunities

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• Subscribe to job categories that will update you automatically

• Share jobs to your favorite social media sites• Interact with one of our finance recruiters

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Page: 24 Best Buy Finance, Accounting, Tax opportunities

best buy careers in finance, accounting, or tax

Economy & Finance