Household International’s private label credit card unit received Best Buy’s top partnership award today. Household operates Best Buy’s private label credit card program for more than 3 million customers. Best Buy recognized Household with the “Best of the Best” award for its creativity and flexibility.
This year, Household signed a seven-year exclusive agreement with Best Buy to become the sole provider of private-label credit cards to all Best Buy stores nationwide and [BestBuy.com]. Household has worked with Best Buy for nearly 10 years.
Images of the Best Buy card are available on request. For more information, please see the Best Buy press release below or visit . Or, please call Judy Feinberg at Edelman PR at 312-240-2817. Thanks.
Best Buy Announces “Partner of the Year” Award Winners; Top Vendors Recognized for Contributions to Retailer’s Success
October 03, 2002 08:00:00 AM ET
MINNEAPOLIS–(BUSINESS WIRE)–Oct. 3, 2002–Best Buy Co., Inc. today presented “Best of the Best” awards to Household Retail Services for service support and Toshiba America Consumer Products, Inc. for merchandising, Toshiba’s second consecutive year winning this distinction. These awards are part of Best Buy’s annual “Bravo! Awards.”
“Winning vendor partners were selected for demonstrating a passion, vision and drive for operational excellence and financial performance throughout the past year,” said Brad Anderson, Best Buy vice chairman and CEO.
Category “Partner of the Year” award winners were selected from each merchandising category and service support area within the Company. Category winners include:
— AIG Warranty Guard
— Bose Corporation
— Bush Industries
— Eastman-Kodak Company
— GE Communication
— Household Retail Services
— JVC Company of America
— Memorex Products, Inc.
— National Parts
— Phoenix Fixtures Inc.
— Samsung Electronics America, Inc. Digital Information Technology Division
— Sony Computer Entertainment of America, Inc.
— Sony Electronics, Inc., Information Technology Products Division (PDA)
— Sony Electronics, Inc., Information Technology Products Division (Notebook Computers)
— Sony Electronics, Inc., Information Technology Products Division (Desktop Computers)
— Sony Music Distribution
— Sprint-PCS Division
— Symantec Corporation
— Toshiba America Consumer Products, Inc.
— Toshiba America, Computer Systems Division
— Triangle Network
— Twentieth Century Fox Home Entertainment Inc.
— United Parcel Service Inc.
— Virgin Mobile USA, Inc.
— Whirlpool Corporation
— Wipro Technologies
Winners were selected from criteria including year over year revenue growth, gross margin return on inventory, share of Best Buy’s business within the category, shipping performance, cost control and return on investment. Vendors were also recognized for speed and innovation, honesty and respect, business excellence and Turning On the Fun.
About Best Buy stores
Best Buy stores, owned and operated by Minneapolis-based Best Buy Co., Inc., is the top U.S. retailer of technology and entertainment products and services. Best Buy was founded in St. Paul, Minn. in 1966. Best Buy stores reach an estimated 300 million consumers per year through more than 500 retail stores in 48 states and online at [BestBuy.com]. For more information about Best Buy, visit the virtual pressroom at .
About Best Buy Co., Inc.
Minneapolis-based Best Buy Co., Inc. BBY is North America’s number one specialty retailer of consumer electronics, personal computers, entertainment software and appliances. The Company operates retail stores and commercial web sites under the names: Best Buy ([BestBuy.com]), Future Shop (FutureShop.ca); Magnolia Hi-Fi ([MagnoliaHiFi.com]), Media Play ([MediaPlay.com]), On Cue ([OnCue.com]), Sam Goody ([SamGoody.com]), and Suncoast ([Suncoast.com]). The Company reaches consumers through more than 1,900 retail stores in the U.S., Canada, Puerto Rico and the U.S. Virgin Islands.