Harwood Feffer LLP Encourages Investors Who Have Losses in Excess of $100,000 From Investment in Best Buy Co., Inc. To Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Before the April 19, 2011 Lead Plaintiff Deadline

NEW YORK--(BUSINESS WIRE)--Harwood Feffer LLP announces that a class action lawsuit has been commenced in the Untied States District Court for the District of Minnesota on behalf of purchasers of the common stock of Best Buy Co., Inc. ("Best Buy" or the "Company") (NYSE:BBY) from September 14, 2010 through December 13, 2010, inclusive (the "Class Period").

No class has yet been certified in the above action. Class members will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than April 19, 2011 and be selected by the court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You are not required to have sold your shares to seek damages to serve as a Lead Plaintiff. You may contact the Harwood Feffer LLP website (http://www.hfesq.com) or Samuel K. Rosen, directly, at srosen@hfesq.com to ask any questions you may have in that regard.

The filed complaint charges Best Buy and certain of its officers and directors violated federal securities laws by making false and misleading statements concerning demand for the Company's consumer electronics product offerings. Specifically, the complaint alleges that defendants failed to disclose the following facts: (i) demand for Best Buy consumer electronics product offerings was weak or declining and could not support the Company's aggressive fiscal year ("FY") 2011 sales, revenue, and earnings forecasts; (ii) Best Buy's FY 2011 earnings forecast could not be achieved without substantial earnings management and, in particular, a sharp reduction and curtailment of SG&A expenses and aggressive share repurchases which reduced the Company's outstanding shares and increased reported earnings; and (iii) despite defendants' statements to the contrary, and because of weak sales demand, as of September 14, 2010, Best Buy was not "on track to deliver and exceed [its] annual EPS guidance" of $3.70 per share. On this news, the price of the Company's common stock fell more than 15 percent, to close at $35.52 per share on December 14, 2010, on unusually heavy trading volume.

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

If you purchased Best Buy shares and suffered a loss in excess of $100,000 during the Class Period and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

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