Best Buy 2005 Annual Report Download - page 30

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Domestic Segment Magnolia Audio Video
U.S. Best Buy Stores At the end of fiscal 2005, we operated 20 Magnolia
Audio Video stores, totaling approximately 194,000 retail
At the end of fiscal 2005, we operated 668 U.S. Best Buy square feet.
stores, totaling approximately 28.3 million retail square
feet. We lease an 80,000-square-foot distribution, warehouse
and office facility in Kent, Washington, of which
U.S. Best Buy stores were serviced by the following approximately 54,000 square feet are used for
distribution centers at the end of fiscal 2005: distribution and warehouse operations, with the remainder
Square Owned dedicated to a service department and corporate
Location Footage or Leased administrative functions. In addition, we utilize a
Dinuba, California 1,028,000 Owned 13,000-square-foot leased regional warehouse in
Findlay, Ohio 1,010,000 Leased Hayward, California, and 45,000 square feet of the U.S.
Nichols, New York 720,000 Owned Best Buy distribution center in Dinuba, California, is
Ardmore, Oklahoma(1) 719,000 Owned dedicated for use by Magnolia Audio Video.
Franklin, Indiana 714,000 Owned
Staunton, Virginia 701,000 Leased International Segment
Dublin, Georgia 638,000 Owned
At the end of fiscal 2005, we operated 114 Future Shop
Bloomington, Minnesota 425,000 Leased
stores and 30 Canadian Best Buy stores, totaling
Total 5,955,000 approximately 3.1 million retail square feet.
(1) During fiscal 2005, we opened a new distribution center in The operations of the International segment are serviced
Ardmore, Oklahoma. The new and larger distribution center
replaced a 566,000-square-foot owned distribution center by two distribution centers located in Langley, British
also located in Ardmore. We believe the new facility will Columbia, and Brampton, Ontario. The
allow us to meet the expected increased demand for 413,000-square-foot distribution center in British
technology products.
Columbia is owned, while the 1,041,000-square-foot
We lease space in 13 satellite warehouses in major distribution center in Ontario is leased. During fiscal
metropolitan markets for home delivery of major 2005, we expanded the Ontario distribution center from
appliances and large-screen televisions. U.S. Best Buy 418,000 square feet to meet the expected increase in
stores utilize approximately 2.7 million square feet in future demand for merchandise generated from the
these warehouses. growth of the International segment business.
Our principal corporate office is located in Richfield, Corporate offices for the International segment are located
Minnesota, and is an owned facility consisting of four in a 141,000-square-foot leased facility in Burnaby,
interconnected buildings totaling approximately British Columbia. At the end of fiscal 2005, we also
1.5 million square feet. We continue to own a facility in leased 35,000 square feet of additional office space for
Eden Prairie, Minnesota, totaling approximately 360,000 various International segment regional offices in Ontario,
square feet, which previously served as our principal Quebec, British Columbia and Alberta. During fiscal
corporate office. This facility is currently for sale. At the 2006, we expect to open two regional offices in Alberta
end of fiscal 2005, we also leased approximately and Quebec, totaling approximately 18,000 square feet.
340,000 square feet of additional office space.
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