October 31, 2008
Best Buy Qualifies All Insignia LCD Televisions for ENERGY STAR 3.0 Specification
Best Buy Co., Inc. (NYSE: BBY) has announced that its entire line of exclusive-branded Insignia LCD televisions manufactured after November 1, 2008 will meet the new ENERGY STAR version 3.0 requirements, including six Insignia models which will exceed the new specification for energy-efficient televisions by 15 percent or more.
The move is part of Best Buy's commitment to listen to the needs of consumers, provide more energy-efficient options for electronics and appliances, and support ENERGY STAR both as a retailer and a manufacturer. It also signals the company's leadership in bringing energy-efficient televisions to market, starting with its own Insignia line: Best Buy worked together with its components and original equipment manufacturers to design and build Insignia LCD televisions that are up to 30 percent more energy efficient than non-qualified models.
ENERGY STAR identifies products in more than 50 different categories, including televisions, that use less energy without sacrificing quality or performance. The "on" or active mode on current television units - plasma, LCD, CRT, or rear projection - accounts for approximately 80 to 90 percent of its energy usage. ENERGY STAR Version 3.0 televisions improve upon previous ENERGY STAR specifications by addressing both standby power (when the television is off) and active power (when the television is on). By accounting for both standby and active modes, ENERGY STAR 3.0 qualified TVs like the entire Insignia LCD line are considered the most energy-efficient in their product categories, helping consumers reduce energy use and save money on their utility bills.
All Insignia LCD televisions available at Best Buy stores across the U.S. by December 31, 2008 will be ENERGY STAR 3.0 certified. For more information and an updated list of brands meet the 3.0 specification, visit www.energystar.gov/products.
About Greener Together
Greener Together is a new way of thinking at Best Buy: make smarter decisions about technology, and consume less energy in the process. Through Greener Together, Best Buy will help customers choose electronics and appliances wisely and use them more efficiently, plus find easy ways to recycle, reuse, or trade in products at the end of their life. Additionally, the company will work together with employees, manufacturers and partners to reduce its own carbon footprint, while providing consumers with an increasing number of energy efficient and recyclable options, from components to packaging. With the creativity and know-how of the 165,000 Best Buy employees worldwide, we can make a positive impact on our lives, our business and our planet.
About Best Buy Co., Inc.
With operations in the United States, Canada, Europe, and China, Best Buy (NYSE:BBY) is a multinational retailer of technology and entertainment products and services with a commitment to growth and innovation. The Best Buy family of brands and partnerships collectively generates more than $40 billion annual revenue and includes brands such as Best Buy, Audiovisions, The Carphone Warehouse, Future Shop, Geek Squad, Jiangsu Five Star, Magnolia Audio Video, Pacific Sales Kitchen and Bath Centers, The Phone House and Speakeasy. Approximately 165,000 employees apply their talents to help bring the benefits of these brands to life for customers through retail locations, multiple call centers and Web sites, in-home solutions, product delivery and activities in our communities. Community partnership is central to the way we do business at Best Buy. In fiscal 2008, we donated a combined $31.8 million to improve the vitality of the communities where our employees and customers live and work. For more information about Best Buy, visit www.bestbuyinc.com.