News:
Wednesday October 14, 11:31 am Eastern Time
Company Press Release
SOURCE: Best Buy Co., Inc.
Best Buy Opens Five Stores in New England
MINNEAPOLIS, Oct. 14 /PRNewswire/ -- From a steaming bowl of clam chowder to the majesty and tradition of a night at
Fenway Park, many things define New England and give it character. Now, Best Buy (NYSE: BBY - news), the nation's
largest retailer of electronics, computers, appliances and music, will be part of that atmosphere as it opens its first stores in the
area.
Grand Opening festivities will begin at 10:30 a.m. on Friday, Oct. 16, with the doors opening to the public at noon in these
locations:
Store # City, State Address
530 Braintree, MA 550 Grossman Drive
531 S. Portland, ME 364 Main Mall Road
532 Framingham, MA One Worcester Road
535 Portsmouth, NH 45 Gosling Road, Newington, NH
536 Manchester, NH 1500 South Willow St.
Three additional stores will open in Nashua and Danvers, N.H., and Cambridge, Mass., prior to Thanksgiving.
''Our entrance into New England is one of the most significant moments in the history of the Company,'' said Best Buy
President Brad Anderson. ''Best Buy looks forward to being the most respected electronics retailer on the East Coast by
providing shoppers with the best selection and competitive prices at convenient locations.''
Best Buy will introduce its ''Now That's a Great Idea!'' Community Service Grants program as part of the Grand Opening
events. This program, run in cooperation with America's Promise -- The Alliance for Youth, will provide youth ages eight to 14
with resources to develop leadership skills through community service. Young people will have an opportunity to apply for
$3,000 in grants to design service projects, like park clean-ups and providing nutritional meals to undernourished young people.
As part of the Grand Opening excitement, Best Buy is sponsoring two special sweepstakes from Oct. 16th through Nov. 28th.
Customers can enter the ''Tune-Up and Tune-In'' sweepstakes to win a 1998 Volkswagen Beetle with a complete car audio
system. Winners will be selected from each store for the ''Best Buy Great Prizes Sweepstakes'' for prizes including $2,500
worth of Whirlpool appliances, a Hewlett Packard 333MHz computer, and a complete Yamaha Home Theater System.
In addition, musician Lenny Kravitz will perform a free concert presented by City of Boston, Mayor Thomas M. Menino and
Best Buy from 5 to 6 p.m. on Thursday, Oct. 15 in City Plaza. The concert will be a great chance to see Kravitz for those who
missed out on tickets to his sold-out show on Friday at the Orpheum.
As a full-service retailer, Best Buy offers:
Customer credit -- Performance service plans
Technical Service -- Home delivery
In-home computer service -- Computer software training
In-store computer technician -- Car stereo/mobile electronics
installation
The 45,000 square foot stores feature:
-- An entertainment software area with more than 35,000 compact discs,
11,000 movies, and 2,000 computer software titles
-- An in-store arcade for hands-on play of the latest video games
-- Installation bays for car audio; specialized "Boom Room" for speaker
listening
-- A virtual car to experience true car audio sound.
Minneapolis-based Best Buy Co., Inc. is the nation's largest volume specialty retailer of name-brand consumer electronics,
personal computers, entertainment software and appliances. The Company is ranked 199 on the Fortune 500 with annual
revenues of $8.4 billion. Best Buy operates 297 stores in 35 states, after these openings. Its common stock is traded on the
New York Stock Exchange, symbol BBY. Visit the company's Web site at www.bestbuy.com.
SOURCE: Best Buy Co., Inc.
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