Best Buy 2011 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 2011 Best Buy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 138

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138

DOCUMENTS INCORPORATED BY REFERENCE
Portions of the registrant’s definitive Proxy Statement dated on or about May 9, 2011 (to be filed pursuant to
Regulation 14A within 120 days after the registrant’s fiscal year-end of February 26, 2011), for the regular meeting of
shareholders to be held on June 21, 2011 (‘‘Proxy Statement’’), are incorporated by reference into Part III.
CAUTIONARY STATEMENT PURSUANT TO THE
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Section 27A of the Securities Act of 1933, as amended (‘‘Securities Act’’), and Section 21E of the Securities Exchange Act
of 1934, as amended (‘‘Exchange Act’’), provide a ‘‘safe harbor’’ for forward-looking statements to encourage companies
to provide prospective information about their companies. With the exception of historical information, the matters
discussed in this Annual Report on Form 10-K are forward-looking statements and may be identified by the use of words
such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘foresee,’’ ‘‘plan,’’ ‘‘project,’’ ‘‘outlook,’’ and other
words and terms of similar meaning. Such statements reflect our current view with respect to future events and are subject
to certain risks, uncertainties and assumptions. A variety of factors could cause our future results to differ materially from
the anticipated results expressed in such forward-looking statements. Readers should review Item 1A, Risk Factors, of this
Annual Report on Form 10-K for a description of important factors that could cause our future results to differ materially
from those contemplated by the forward-looking statements made in this Annual Report on Form 10-K. Among the factors
that could cause our actual future results and outcomes to differ materially from those projected in such forward looking
statements are the following: general economic conditions, changes in consumer preferences, credit market constraints,
acquisitions and development of new businesses, divestitures, product availability, sales volumes, pricing actions and
promotional activities of competitors, profit margins, weather, changes in law or regulations, foreign currency fluctuations,
availability of suitable real estate locations, our ability to react to a disaster recovery situation, the impact of labor markets
and new product introductions on our overall profitability, failure to achieve anticipated benefits of announced transactions
and integration challenges relating to new ventures.