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To: Duker who wrote (3785)	1/5/2000 8:59:00 AM
From: Duker	Read Replies (2) \| Respond to of 5867

Best Buy Reports Record December Sales; Comparable Store Sales Exceed Expectations on Digital Product Growth Wednesday January 5, 8:29 am Eastern Time Company Press Release SOURCE: Best Buy Co., Inc. MINNEAPOLIS, Jan. 5 /PRNewswire/ -- Best Buy Co., Inc. (NYSE: BBY - news) today announced record sales for its fiscal December, the five-week period ended January 1, 2000. The Company reported record sales of $2.267 billion for the fiscal month of December 1999, representing a 23% increase over the $1.838 billion achieved in the similar period last year. Comparable store sales increased 9.8% on top of the 10.5% increase reported last year. Year-to-date sales (44 weeks) of $10.447 billion represents a 24% increase compared to $8.447 billion last year. Comparable store sales have increased 10.8% year-to-date. ``This holiday season marks the dawn of the digital era as evidenced by our strong sales performance,' said Allen Lenzmeier, chief financial officer. ``Sales of digital products, including televisions, cameras, camcorders, satellite systems, wireless phones and DVD hardware and software, exceeded 10% of our sales mix, more than double last year. In addition, sales gains in music and movies and large screen TV's contributed to our record sales performance for the period.' During the month of December, the Company announced its plans for a comprehensive strategic alliance with Microsoft Corp. (Nasdaq: MSFT - news) that encompasses broadband, narrowband, in-store and online efforts. In addition, the Company announced a $10 million equity investment in etown.com, the leading online information and shopping source for buyers of consumer electronics products. ``We view these as the first of a number of significant strategic alliances, which will strengthen the Company and our Internet strategy, positioning us as the technology destination of choice as we begin the new millennium,' Lenzmeier stated. Statements made in this news release, other than those concerning historical financial information, should be considered forward looking and subject to various risks and uncertainties. Such forward-looking statements are based on management's beliefs and assumptions regarding information currently available, and are made pursuant to the ``safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. The Company's actual results could differ materially from those expressed in the forward-looking statements. Factors that could cause results to vary include, among others, those identified in the Company's filings with the Securities and Exchange Commission. The Company has no obligation to publicly update or revise any of the forward-looking statements that may be in this news release. Best Buy quarterly financial results and news releases can be found on the Internet at the Company's Web site, www.BestBuy.com, or accessed via PR Newswire's Web site at www.prnewswire.com. For an immediate faxed copy call ``Company News on Call' by dialing 800-758-5804 and then entering the access code 098313. Minneapolis-based Best Buy Co., Inc. is the nation's largest volume specialty retailer of consumer electronics, personal computers, entertainment software and appliances. The Company operates 354 retail locations in 37 states, and offers CDs, DVD movies and Best Buy Gift Cards online at bestbuy.com. CONTACT: Susan Hoff, VP Corp. Comm. & PR and IR of Best Buy Co., 612-947-2443, or susan.hoff@bestbuy.com SOURCE: Best Buy Co., Inc.