1. BEST BUY & PETSMART Brittany Condon Heba Mehyou

2. Best Buy’s Financial Analysis 2008 $Ms 2007 $Ms Net Sales45,01540,023 Gross Profit10,998 24.4%9,546 23.9% Net Income (After Tax)1,003 2.2%1,407 3.5% GMROI2.31$2. 03 Inventory Turnover7.26.5 Asset Turnover2.83.1 ROA21.7%26.8% RONW38.2%31.4% Stores14761,314 Sales/Store3130 # of Employees155,000150,000 Sales/ Employee290263

3. PETSMART FINANCIALS 20082007 $000s Net Sales5,065,293.004,672,656.00 Gross Profit1,495,433.00 29.52% 1,436,821.00 30.75% Net Income192,670.00 3.80% 258,684.00 5.54% GMROI2.56 256.06% 2.87 286.67% Inventory Turnover6.116.46 Asset Turnover2.152.16 Return on Assets 8.17%11.94% Return on Net Worth 16.84%26.22% Number of Stores1.111.01 Sales Per Store 4,209,600.004,191,937.62 Employees46.0043.00 Sales per Employee110,115.07108,666.42

4. 2008 Revenue Mix Summary for Best Buy

5. 2008 PetSmart Products

6. Best Buy’s Major Competitors Warehouse Stores and Supercenters – Target – Wal-Mart – Costco – Sears

7. Competition Pet Co. Wal-Mart Target Veterinarians Kroger Harps

8. Best Buy Beginning MSAs GeographyBest Buy Households: Total Households: Householder 35 to 54 years; $75,000+ Establishments Appliance Television and Other appliance Stores SalesSales/Store Radio, Television and Other Electronics Stores SalesSales/Store New York, NY53,485,449456,0492,5025,068,2852,0265561,518,6662,731 Los Angeles--Long Beach, CA PMSA43,136,279439,7251,3893,366,4012,4241,1152,677,5212,401 Chicago, IL PMSA72,972,373534,7461,0532,658,7562,5258592,064,6152,404 Philadelphia, PA--NJ PMSA;21,915,187316,3046181,277,4722,0674711,103,9342,344 Washington, DC--MD--VA--WV PMSA;21,849,708427,0156481,230,9631,900398915,3772,300 Detroit, MI PMSA;11,696,335290,0695521,142,6602,070430798,9811,858 Atlanta, GA MSA31,505,564279,0174881,115,2492,2853921,012,8372,584 Houston, TX PMSA;91,463,983239,5394661,227,3332,634356914,0362,568 Boston, MA--NH PMSA;21,323,735260,4224561,142,1062,505317899,2182,837 Dallas, TX PMSA;31,283,156220,9156241,318,7602,1134781,118,1632,339 Phoenix--Mesa, AZ MSA71,194,461161,974 Minneapolis--St. Paul, MN--WI MSA01,137,313222,656 Riverside--San Bernardino, CA PMSA;31,035,620138,941 St. Louis, MO--IL MSA21,013,341142,147 Tampa--St. Petersburg--Clearwater, FL MSA41,009,792101,149 San Diego, CA MSA2995,492155,702 Baltimore, MD PMSA;2974,359166,783 Pittsburgh, PA MSA3967,044104,570 Seattle--Bellevue--Everett, WA PMSA;2963,957179,380 Orange County, CA PMSA;2936,154201,229 Nassau--Suffolk, NY PMSA;0917,338234,170 Cleveland--Lorain--Elyria, OH PMSA;2892,824115,873 Oakland, CA PMSA;1868,209195,626 Denver, CO PMSA;2825,951149,388 Miami, FL PMSA;7777,37879,172

9. PetSmart Beginning MSAs GeographyPetSmart Households: Householder 35-54 years: $75,000+/store Households: TotalPet Supplies Stores Pet Supplies Stores Sales (100s) Sales per store Springfield, MO MSA110,034129,5567D Corpus Christi, TX MSA113,274132,3535D Hartford, CT MSA385,410457,421151D Louisville, KY--IN MSA450,889412,28934D Pensacola, FL MSA213,470154,851N/AD Fayetteville, NC MSA18,909107,39176,893984.71 Charleston, WV MSA110,289106,21855,8571,171.40 South Bend, IN MSA211,674100,629810,7061,338.25 Macon, GA MSA213,368121,45676,190884.29 Spokane, WA MSA216,764163,8261013,9171,391.70 Salinas, CA MSA217,453121,1991416,1901,156.43 Mobile, AL MSA218,349205,61146,4791,619.75 Huntsville, AL MSA219,005134,75396,787754.11 Boise City, ID MSA219,696158,64259,3891,877.80 Memphis, TN--AR--MS MSA253,125424,4981922,0711,161.63 El Paso, TX MSA315,524210,034914,1751,575.00 Modesto, CA MSA316,391145,2531318,3851,414.23 Reno, NV MSA318,466132,1921317,9371,379.77 Reading, PA MSA319,291141,6091410,094721.00 Des Moines, IA MSA325,770179,6171415,2951,092.50 Baton Rouge, LA MSA326,789223,620710,3501,478.57 Albuquerque, NM MSA431,349275,0652029,8291,491.45 Colorado Springs, CO MSA528,841192,5991827,4471,524.83 Tulsa, OK MSA533,869315,75921D Tucson, AZ MSA631,638332,4972537,2061,488.24

10. Best BUY LocationsHouseholdsAgeIncomeChildrenEducationLifeStyle 1: 3100 Lohr Rd. Ann Arbor, MI 481083 mi. 35,69035-44 (105)$75-99k (103)6-17 (72) Some Col (91) Affl. Minipolitan Sprawl (121) Lat:42.2463946 mi. 74,24845-54 (88)$<100k (139)No children (114)Col. Grads (221) Striving Suburban Mix (92) Long: -83.7640589 mi. 101,603 2: 2300 S. Christopher Columbus Blvd. PA 3 mi. 109,33335-44 (100)< 10k (225)6-17 (90)Some HS (167) Cosmopolitan Urban Mix (294) Lat: 39.9160046 mi. 338,39645-54 (94)10k-19,999 (148)No Children (106)HS Grad (110) Striving Urban Melting Pot (645) Long: -75.1397559 mi. 633,768 3: 9940 Roosevelt Blvd. Philadelphia, PA 3 mi. 62,55335-44 (95)50k-74,999 (106)6-17 (92)Some HS (110) Cosmopolitan Urban Mix (445) Lat: 40.0942506 mi. 205,37045-54 (99)75k-99,999 (110)No children (107)HS Grad (129) Striving Urban Melting Pot (435) Long:-75.0178689 mi. 443,979 4: 3100 14 th St. NW 20010 Washington, DC 3 mi. 38,43135-44 (149) <10k (117) 100,000+ (153) 6-17 (47)Some HS (83) Cosmopolitan Urban Mix (589) Lat: 38.9296 mi. 154,76245-54 (80)No children (128)College Grad (188) Striving Urban Melting Pot (404) Long:-77.0349 mi. 303,037 5: 1210 Caroline St. NE 30307 Atlanta, GA 3 mi. 74,16135-44 (115)<10k (156)6-17 (63) Prosperous Suburbs (303) Lat: 33.7574846 mi. 206,95145-54 (92)10k-19,999 (116)Some HS (106) Long: -84.3475889 mi. 356,782No Children (119)College Grad (155) Striving Suburban Mix ( 456) 6: 4500 Wisconsin AVE NW Tenleytown, DC 20016 3 mi. 98,04235-44 (100)$75-99k (105)6-17 (59)Some College (61) Urban High Society (1124) Lat: 38.9483076 mi. 341,29445-54 (91)$>100k (204)No Children (121)College Grad (220) Cosmopolitan Urban Mix (489) Long:- 77.080569 mi.623,966 7: 2537 Piedmont RD NE, Atlanta, GA 30324 3 mi. 68,62235-44 (119)<10k (112)6-17 (45)Some College (71) Prosperous Suburbs (583) Lat: 33.8248106 mi.197,29045-54 (90)>100,000 (156)No Children (128)College Grad (207) Cosmopolitan Suburbs (478) Long: -84.3632749 mi. 376,684 8: 1201 Hammond DR NE, Atlanta, GA 30346 3 mi. 38,25335-44 (117)75k-99,999 (101)6-17 (63)Some College (76) Prosperous Suburbs (774) Lat: 33.9182706 mi.131,37045-54 (99)>100,000 (184)No Children (118)College Grad (213) Cosmopolitan Suburbs (607) Long: - 84.3458799 mi. 315,698 Minimums3 mi. <10k 6 mi. 74,248Not clear6-17 (45) 9 mi.No Children (106)College Grad

11. Best Buy’s Key MSA’s Tenleytown, DC. 6mi. 341,294 households $75-99,999 (105) >100k (204) Some College (61) College Grad (220) Urban High Society (1124) Children – 6-17 (59) – No Children (121) Atlanta, GA 6mi. 131, 370 households 75k-99,999 (101) >100,000 (184) Some College (76) College Grad (213) Prosperous Suburbs (774) Children – 6-17 (63) – No Children (118)

12. Memphis and Boise City Analysis Existing LocationsHouseholdsIncomeAgesChildrenEducationLife Style 1. 2805 Wolfcreek Parkway; Memphis, TN 38133 Lat: 35.202378 Lon: 89.794486 1 mi. 2,115 3 mi. 25,319 5 mi. 59,689 $50-74m(134) $75-99m (148) $100m+ (136) 18-24 (110) 25-34 (115) 35-44 (127) < 6 (135) 6-17 (111) No Children (98) Some College (126) College Graduate (141) Affluent Suburbs (1070) Midscale Suburban Mix (1413) 2. 7941 Winchester Rd. Memphis, TN 38125 Lat: 35.048531 Lon: 89.798701 1 mi. 2,551 3 mi. 28,011 5 mi. 63,319$50-74m(137) 34-44 (102) 45-54 (119) 55-64 (114) < 6 (102) 6-17 (119) No Children (113) Some College (116) College Graduate (182) Prosperous Suburbs (1387) Midscale Minipolitan (1222) 1. 8660 Airline Rd. Baton Rouge, LA Lat: 30.449493 Lon: 91.094004 1 mi. 2,849 3 mi. 33,367 5 mi. 83,367Under $10m (140) 18-24 (170) 25-34 (114) 65+ (181)No Children (119) Some College (111) College Graduate (135) Affluent Minipolitan Sprawl (743) Struggling Minipolitan (813) 2. 1653 Millerville Rd. Baton Rouge, LA Lat: 30.445790 Lon: 91.024501 1 mi. 4,829 3 mi. 24,626 5 mi. 58,183 $50-74m (137) $75-99m (139) 18-24 (146) 25-34 (114) 55-64 (119)< 6 (119) Some College (113) College Graduate (130) Cosmopolitan Suburb (666) Midscale Minipolitan (652) 3. 10527 S. Mall Dr. Baton Rouge, LA Lat: 30.373441 Lon: 91.060100 1 mi. 1,102 3 mi. 22,155 5 mi. 55,234 $10-19m (136) $20-29m (179) 30-39m (139) 18-24 (173) 25-34 (160)6-17 (180)College Graduate (140) Midscale Suburbs (1849) Striving Suburban Mix (897) 1. 8501 W. Franklin Boise City, ID Lat: 43.603737 Lon: 116.288634 1 mi. 2,300 3 mi. 35,877 5 mi. 88,550 $10-19m (130) $20-29m (132) $30-39m (153) $40-49 (140) 18-24 (149) 25-34 (145)< 6 (116)Some College (138) Striving Suburban Mix (1659) Striving Small City Living (713) 2. 1220 Eagle Rd. Meridian, ID Lat: 43.615840 Lon: 116.354461 1 mi. 1,666 3 mi. 33,753 5 mi. 64,197 $75-99m (203) $100m+ (157) 25-34 (118) 35-44 (120) < 6 (141) 6-17 (116) Some High School (124) Some College (130)Affluent Suburbs (2237) 1. 5110 Mae Anne Av. Reno, NV Lat: 39.531628 Lon: 119.875449 1 mi. 5,617 3 mi. 29,510 5 mi. 61,249 $50-74m (126) $75-99m (133) 18-24 (171) 25-34 (126)6-17 (128) Some College (130) College Graduate (137) Affluent Suburbs (1500) Striving Suburban Mix (931) 2. 6675 S. Virginia St. Reno, NV Lat: 39.465968 Lon: 119.783933 1 mi. 2,707 3 mi. 31,181 5 mi. 57,707 $30-39m (118) $40-49m (122) $50-74m (120) 18-24 (152) 25-34 (118)No Children (114)Some College (132) Affluent Suburbs (711) Cosmopolitan Suburbs (915) 3. 255 Los Altos Parkway Reno, NV Lat: 39.583283 Lon: 119.741148 1 mi. 2,744 3 mi. 28,564 5 mi. 55,275 $50-74m (162) $75-99m (179) $100m+ (148)35-44 (130) < 6 (125) 6-17 (118)Some College (125)Affluent Suburbs (2237)

13. PetSmart’s Key MSA’s Memphis, TN 3 mi. 28,011 households $75-99m (148) Some College (126) College Graduate (182) Prosperous Suburbs (1,387) Children – >6 (135) – 6-17 (119) Boise City, ID 3 mi. 35,877 $75-99m (203) Some College (138) Striving Suburban Mix (1,659) Affluent Suburbs (2,237) Children – >6 (141) – 6-17 (116)

14. Questions?????