Best Buy (BBY)

Explanatory Note

As reported in a Current Report on Form 8-K filed by Best Buy Co., Inc. (“Best Buy” or the “registrant”) on July 3, 2008 (the “Initial Form 8-K”), effective June 28, 2008, Best Buy indirectly acquired 50% of the ordinary shares of Best Buy Europe Distributions Limited, formerly Best Buy International Limited, a company registered in England and Wales (“Best Buy Europe”).  Best Buy Europe holds the net assets of the former distribution (retail) business (“CPW Distribution”) of The Carphone Warehouse Group PLC. Pursuant to Items 9.01(a)(4) and 9.01(b)(2), this Current Report on Form 8-K/A hereby amends Items 9.01(a) and (b) of the Initial Form 8-K and is being filed in order to provide the historical financial statements of CPW Distribution and the related pro forma financial information that were excluded from the Initial Form 8-K.

Explanatory Note

This Current Report on Form 8-K/A amends the registrant’s Current Report on Form 8-K filed on December 26, 2006, announcing the appointment of James E. Press as a Class 2 director of the Best Buy Co., Inc. Board of Directors (“Board”).

Explanatory Note

This Current Report on Form 8-K/A amends the registrant’s Current Report on Form 8-K filed on August 24, 2006, announcing the appointments of Ari Bousbib and Rogelio M. Rebolledo as Class 1 directors of the Best Buy Co., Inc. Board of Directors (“Board”).

Explanatory Note

This Current Report on Form 8-K/A amends the registrant’s Current Report on Form 8-K filed December 30, 2004, as amended by the registrant’s Current Report on Form 8-K/A filed on February 25, 2005, to reflect that Ernst & Young LLP has been dismissed as the registrant’s independent auditor.

Explanatory Note

This Current Report on Form 8-K/A amends the registrant’s Current Report on Form 8-K filed December 30, 2004, to reflect that the registrant has engaged Deloitte & Touche LLP to be its independent auditor for the fiscal year beginning February 27, 2005.