Home      Downloads      Glossary      Print Entire Report     
Letter to
Shareholders
     Financial
Highlights
     Key Wins
and Goals
     Customer
Centricity
     Directors
and Officers
     Shareholder
Information
 

At Best Buy, customer centricity is about giving store employees more power to satisfy the unique needs of the people who shop in their store. In fiscal 2005, we set the stage for accelerating our transformation to customer centricity:

  • We completed a set of lab tests and launched a group of 67 stores with the successful, scalable elements of this operating model.
  • We expanded the Geek Squad® to all Best Buy stores in North America so more people could access our 24-hour, rapid-response technology support.
  • We boosted the profits of our Canadian stores, where we are attracting more customers through a dual branding strategy.
  • We launched a three-year process to re-engineer our supply chain and expand our direct sourcing and private label capabilities.
  • We outsourced our information technology function to simplify our technology infrastructure, to build capabilities and to reduce costs.
  • We reorganized our resources to support our long-term growth, resulting in a smaller, more focused executive team.
  1 of 3