Best Buy 2008 Annual Report Download - page 19

The following table reconciles Best Buy Mobile stores open The following table reconciles Five Star stores open at the
at the beginning and end of each of the last two fiscal beginning and end of each of the last two fiscal years:
years: Total
Stores at
Total Stores Stores End of
Stores at Fiscal Year Opened Closed Fiscal Year
Stores Stores End of
Fiscal Year Opened Closed Fiscal Year Balance forward(1) NA NA 131
2007 8 (4) 135
Balance forward NA NA NA 2008 31 (6) 160
2007(1) 5— 5
(1) As of the June 8, 2006, date of acquisition
2008 4 — 9
(1) The Best Buy Mobile stand-alone store concept was test The following table reconciles the China Best Buy store
marketed in fiscal 2007. open at the beginning and end of each of the last two
fiscal years:
The following table reconciles U.S. Geek Squad stores
open at the beginning and end of each of the last five Total
Stores at
fiscal years: Stores Stores End of
Fiscal Year Opened Closed Fiscal Year
Total
Stores at Balance forward NA NA NA
Stores Stores End of 2007 1 — 1
Fiscal Year Opened Closed Fiscal Year
2008 — — 1
Balance forward NA NA NA
2004 1 — 1 During fiscal 2009, we expect to open approximately 140
2005 5 — 6 new stores in the U.S., Canada, China and Mexico. Most
2006 7 (1) 12 of the new stores will be opened in markets where we
2007 — — 12 already have stores, leveraging our infrastructure and
2008 — (5) 7 making shopping more convenient for our customers. In
the U.S., we anticipate opening 85 to 100 new Best Buy
The following table reconciles Future Shop stores open at
stores, as well as relocating four existing Best Buy stores.
the beginning and end of each of the last five fiscal years:
We also expect to open five to ten Pacific Sales stores in
Total western states. Additionally, we are extending our Best Buy
Stores at
Stores Stores End of Mobile experience to the majority of our U.S. Best Buy
Fiscal Year Opened Closed Fiscal Year
stores in the next 18 months. We will also look to improve
Balance forward NA NA 104
the customer experience in the computing space by
2004 4 — 108
expanding our collaborative relationships with Dell,
2005 6 — 114
Hewlett-Packard and Toshiba, as well as adding Apple
2006 5 (1) 118
products and services to approximately 250 more U.S.
2007 3 — 121
Best Buy stores. In Canada, we expect to open
2008 10 — 131
approximately six Future Shop stores and six Best Buy
The following table reconciles Canada Best Buy stores stores, as well as close one Future Shop store and relocate
open at the beginning and end of each of the last five six existing Future Shop stores. In China, we plan to open
fiscal years: 20 to 25 Five Star stores. We also expect to open five to
eight additional Best Buy stores in China in fiscal 2009.
Total
Stores at Finally, we anticipate extending our international presence
Stores Stores End of
Fiscal Year Opened Closed Fiscal Year by opening our first two to five stores in Mexico in the
Balance forward NA NA 8 second half of fiscal 2009 and our first one or two stores
2004 11 — 19 in Turkey in the early part of fiscal 2010.
2005 11 — 30
2006 14 — 44 Additional information regarding our outlook for fiscal
2007 3 — 47 2009 is included in the Outlook for Fiscal 2009 section of
2008 4 — 51 Item 7, Management’s Discussion and Analysis of
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