Best Buy 2003 Annual Report Download - page 14

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our Annual Report, incorporated herein by reference.
Reference is also made to Part II, Item 7A., “Quantitative and Qualitative Disclosures About Market Risk,” of this report for a
discussion regarding the risks associated with foreign operations.
The following table reconciles Future Shop stores open at the beginning and end of each fiscal year since the date of acquisition:
Fiscal Year Stores
Opened Stores
Closed Total Stores at
End of Fiscal Year
Balance Forward* n.a. n.a. 91
2002 4 — 95
2003 9 — 104
*As of the date of acquisition, November 4, 2001
The following table reconciles Canadian Best Buy stores open at the beginning and end of each fiscal year since inception of the
International segment:
Fiscal Year Stores
Opened Stores
Closed Total Stores at
End of Fiscal Year
Balance Forward n.a. n.a. n.a.
2002 — — —
2003 8 — 8
Merchandise
International stores generally offer merchandise in five product categories: consumer electronics, home office, entertainment software,
appliances and “other” products. Home office, the largest product category based on revenue, includes desktop and notebook
computers and related peripheral equipment, telephones, wireless communication devices and personal digital assistants. The
consumer electronics category consists of video and audio equipment. Video products include television sets, DVD players, cameras,
camcorders, VCRs and digital broadcast satellite systems. Audio products include car stereos, portable audio equipment, home theater
8