Purpose:

Best Buy's reputation and its ability to succeed in the marketplace hinge on the quality and integrity of its relationships with vendors. Best Buy depends on its vendors to help provide customers with the products and services that customers need at the prices customers want. To ensure success, employees must avoid business practices and activities that may create or have the appearance of impropriety or a conflict of interest with vendors or potentially lead to undue influence by a vendor in Best Buy's purchasing decisions. This policy, therefore, prohibits vendor gifts and only allows vendor-funded entertainment and meals under limited circumstances and with approval as required under this policy. Similarly, vendor-paid travel, while permissible under certain circumstances as a cost-savings measure, must be reviewed and pre-approved to ensure compliance with the requirements and the spirit of this policy.

Review the full policy attached below:

• Gifts and Vendor Relations Policy
• Gifts and Vendor Relations Policy - 2023 Letter