Best Buy Announces New Senior Vice President; Former LandsEnd.com Executive to Lead Best Buy's Online Stores and Marketing

Business Wire, June 28, 2004

MINNEAPOLIS -- Sam Taylor has joined Best Buy Co., Inc. (NYSE:BBY) as senior vice president of online stores and marketing. Taylor reports to John Thompson, senior vice president and general manager of BestBuy.com.

"As Best Buy continues its transformation to put the customer at the center of its business model, the Internet also is evolving to play an increasingly important role in engaging our customers," said Thompson. "Sam's leadership and expertise will prove to be extraordinary assets for BestBuy.com, our company's largest store. We are extremely pleased that he has joined Best Buy's online team."

Taylor, age 43, most recently held the position of vice president of e-commerce for Lands' End, one of the largest sellers of apparel online. In that role he managed all aspects of Lands' End's global e-commerce business, including consumer and business-to-business sites in the United States and five international sites. Under his direction, landsend.com won numerous awards for site design and customer focus. Previously Taylor served as vice president of international for Lands' End, overseeing wholly-owned subsidiaries in the United Kingdom, Germany and Japan.

Prior to Lands' End, Taylor worked five years with The Walt Disney Company. Based in France, he served as the European regional director for The Disney Store Online and The Disney Catalog. He previously served as director of business development and strategy for Walt Disney Consumer Products. Before that, he worked nine years at Bain and Company, a global strategy consulting firm. While at Bain, Taylor focused on the retail, consumer products and customer retention practice areas.

Taylor has a master's degree in business administration from the Harvard Graduate School of Business and holds a bachelor's degree in chemical engineering from Brigham Young University. He serves on the board of directors for shop.org, the online retailing arm of the National Retail Federation.

About Best Buy Co., Inc.

Minneapolis-based Best Buy Co., Inc. (NYSE:BBY) is North America's leading specialty retailer of consumer electronics, home-office products, entertainment software and appliances. The Company's subsidiaries operate retail stores and/or Web sites under the names: Best Buy (BestBuy.com), Future Shop (FutureShop.ca), Geek Squad (GeekSquad.com), and Magnolia Audio Video (Magnoliaav.com). The Company's subsidiaries reach consumers through approximately 750 stores in the United States and Canada.