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The company's products also became part of Best Buy's For Business program.

Internationally, Best Buy also operates in Canada and Mexico, and was formerly operational in China until February 2011 (when the faction was merged with Five Star) and in Europe until 2012. In Canada, carriers include Bell Mobility, Rogers Wireless, Telus Mobility, their fighter brands, and competing smaller carriers, such as Sask Tel.

Best Buy was named "Company of the Year" by Forbes magazine in 2004, The company also expanded its product offerings to include home appliances and VCRs, in an attempt to expand beyond its then-core customer base of 15-to-18-year-old males.

Later that year Best Buy opened its first superstore in Burnsville, Minnesota.

An increasing trend towards online shopping began to erode revenues and profits in the 2010s.

A 4% dip in sales for the June 30, 2014 quarter, marked the tenth quarter in a row where Best Buy's sales had declined.

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