764478--4/28/2010--BEST_BUY_CO

related topics

{capital, credit, financial}

{system, service, information}

{condition, economic, financial}

{acquisition, growth, future}

{product, market, service}

{customer, product, revenue}

{personnel, key, retain}

{cost, regulation, environmental}

{regulation, change, law}

{operation, international, foreign}

{financial, litigation, operation}

{control, financial, internal}

Economic conditions in the U.S. and key international markets, a decline in consumer discretionary spending or other conditions may materially adversely impact our operating results. If we do not anticipate and respond to changing consumer preferences in a timely manner, our operating results could materially suffer. Our results of operations could materially deteriorate if we fail to attract, develop and retain qualified employees. We face strong competition from traditional store-based retailers, Internet businesses, our vendors and other forms of retail commerce, which could materially adversely affect our revenue and profitability. The failure to control our costs could have a material adverse impact on our profitability. Our liquidity may be materially adversely affected by continuing constraints in the capital markets. Changes in our credit ratings may limit our access to capital markets and materially increase our borrowing costs. Our growth is dependent on the success of our strategies. Our growth strategy includes expanding our business by opening stores in both existing markets and new markets. Failure in our pursuit or execution of new business ventures, strategic alliances and acquisitions could have a material adverse impact on our business. Failure to protect the integrity, security and use of our customers' information and media could expose us to litigation and materially damage our standing with our customers. Risks associated with the vendors from whom our products are sourced could materially adversely affect our revenue and gross profit. Our exclusive brands products are subject to several additional product, supply chain and legal risks, which could have a material adverse impact on our business. We are subject to certain statutory, regulatory and legal developments which could have a material adverse impact on our business. Changes to the National Labor Relations Act or other labor-related statutes or regulations could have a material adverse impact on our business. Additional legislation or rulemaking relating to environmental matters, including but not limited to, energy emissions, could have a material adverse impact on our business. Regulatory developments in the U.S. could impact the promotional financing offers available to our credit card customers and have a material adverse impact on our revenue and profitability. Changes to our credit card agreements could adversely impact our ability to facilitate the provision of consumer credit to our customers and could materially adversely impact our results of operations. Our International activities subject us to risks associated with the legislative, judicial, accounting, regulatory, political and economic conditions specific to the countries or regions in which we operate, which could materially adversely affect our financial performance. We rely heavily on our management information systems for inventory management, distribution and other functions. If our systems fail to perform these functions adequately or if we experience an interruption in their operation, our business and results of operations could be materially adversely affected. A disruption in our relationship with Accenture, who helps us manage key elements of our information technology and human resources operations and conducts certain procurement activities, could materially adversely affect our business and results of operations. We are highly dependent on the cash flows and net earnings we generate during our fourth fiscal quarter, which includes the majority of the holiday selling season.

Full 10-K form ▸

764478--4/28/2010--BEST_BUY_CO_INC