Best Buy Co., Inc.
BBY
Consumer Discretionary
2
exclusion reasons
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Best Buy faces a class action lawsuit (Porchia et al. v. Best Buy Co., Inc., Case No. 3:25-cv-00134, filed January 2025) alleging the company advertised fake sales on TVs and major appliances. The suit claims Best Buy promoted products at discounts from inflated "regular" prices at which they were never actually sold, and that "limited-time" offers were perpetual or near-perpetual. The alleged scheme has been ongoing since at least February 2023.
Best Buy has a multi-decade record of employment discrimination enforcement actions documented by ViolationTracker. The EEOC found probable cause that between 2003 and 2010, Best Buy's use of personality tests and assessments during the application process adversely impacted applicants based on race and national origin. In June 2011, Best Buy settled a class action on behalf of women and minority employees, agreeing to policy changes to enhance equal employment opportunities for thousands of women, African Americans, and Latinos nationwide. Separately, Best Buy agreed to pay $225,000 to settle an EEOC age discrimination charge alleging the company denied reemployment to older workers. The pattern spans race, national origin, gender, and age — multiple independent enforcement actions across different protected classes over more than a decade.
Research Sources
3 organizations
Related Exclusions
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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