Best Buy announced on Wednesday that it is promoting a longtime executive to chief executive as the consumer electronics retailer navigates shifting demand and intensifying competition across the retail sector.

The company said that Jason Bonfig — currently its chief customer, product and fulfillment officer — will become CEO on Oct. 31, succeeding Corie Barry, who plans to step down after seven years in the role. Bonfig will become just the sixth CEO in Best Buy’s roughly 60-year history.

The leadership transition comes as Best Buy and its peers face pressure from e-commerce competitors, changing consumer spending patterns and the need to expand beyond traditional hardware sales into higher-margin businesses.

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Best Buy CEO Corie Barry (L) and incoming CEO Jason Bonfig. (Best Buy)

Bonfig, a 25-year company veteran, has overseen key areas including merchandising, e-commerce, marketing and supply chain – functions central to the retailer’s performance.

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A worker holds a PlayStation 5 at a Best Buy store during Black Friday sales in Chicago, Illinois, on Nov. 25, 2022. (Jim Vondruska/Reuters)

He has also helped drive initiatives aimed at boosting profitability, including the expansion of Best Buy Ads, the company’s retail media network, and the launch of an online marketplace in the U.S., both viewed as core to its long-term growth strategy.

“As a Board, we are confident that Jason is the right leader to accelerate the business, with urgency and innovative ideas, and create meaningful growth for the company and its shareholders,” Best Buy board Chair David Kenny said in a statement. 

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Barry, who became the company’s first female CEO in 2019, led Best Buy through pandemic-era demand surges, supply chain challenges and shifting consumer behavior. During her tenure, the company expanded its focus on services, subscriptions and omnichannel retail.

Barry will remain in an advisory role for six months following the transition, signaling a structured leadership handoff.

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Best Buy reported nearly $41.7 billion in revenue in fiscal 2026 and operates more than 1,000 stores across North America.

Here are 10 essential things you must know about Earth Day as the world marks its 56th observance on Wednesday, April 22, 2026, under the theme “Our Power, Our Planet.”

1. Earth Day was born from environmental disasters and activism in 1970. U.S. Senator Gaylord Nelson of Wisconsin founded the first Earth Day after witnessing the devastating 1969 Santa Barbara oil spill and growing concerns over pollution, including deadly smog and pesticides highlighted in Rachel Carson’s “Silent Spring.” Inspired by anti-Vietnam War teach-ins, Nelson recruited activist Denis Hayes to organize a national “environmental teach-in.” On April 22, 1970, more than 20 million Americans participated in rallies, cleanups and demonstrations across the country, shutting down Fifth Avenue in New York and filling streets in major cities. The massive turnout is credited with launching the modern environmental movement.

2. The date April 22 was chosen strategically to maximize participation. Organizers selected a weekday between spring break and final exams to encourage college students to get involved. The choice proved successful, drawing young people into environmental advocacy and helping build broad public support that led to swift legislative action.

3. The first Earth Day directly spurred major U.S. environmental laws and institutions. By the end of 1970, the U.S. government created the Environmental Protection Agency (EPA) and the National Oceanic and Atmospheric Administration (NOAA). The momentum also helped pass landmark legislation including the Clean Air Act, Clean Water Act, Endangered Species Act and National Environmental Education Act, transforming how the nation addressed pollution and conservation.

4. Earth Day has grown into the world’s largest secular observance. What began as a U.S.-focused event now engages more than one billion people in over 190 countries every year. From local cleanups and tree-planting drives to global policy discussions, Earth Day unites individuals, schools, businesses and governments around shared environmental goals.

5. The 2026 theme “Our Power, Our Planet” emphasizes collective citizen action over government alone. EarthDay.org selected the theme to highlight that environmental progress depends on everyday people, communities and local initiatives rather than any single administration or election. It builds on the 2025 focus on clean energy but shifts emphasis toward civic mobilization, defending existing protections, accelerating the renewable energy transition and solving problems at the community level. Organizers stress that people hold the power to drive change through voting, volunteering, innovation and daily habits.

6. This year’s observance runs as Earth Week with events starting April 18. To increase accessibility for working families and students, major activities begin Saturday, April 18, and continue through April 22 and beyond. The official EarthDay.org map lists thousands of events worldwide, including cleanups, teach-ins, climate marches, sustainability workshops, voter registration drives and community fairs. Schools and organizations are encouraged to host their own activities using free toolkits and resources.

7. Clean energy and community resilience remain central priorities. The 2026 campaign calls for tripling clean electricity capacity, protecting air and water quality, preserving natural resources and addressing the links between environmental health and economic stability. It encourages practical local actions such as reducing plastic use, supporting renewable projects, planting pollinator gardens and advocating for stronger environmental safeguards.

8. Earth Day has driven global impact beyond the United States. The 1990 Earth Day expanded the movement internationally, involving 140 countries. Today it serves as a platform for education on issues like climate change, deforestation, ocean plastic pollution and biodiversity loss. It has influenced international agreements and inspired youth-led movements demanding faster climate action.

9. Participation can be as simple as small personal or community steps. Individuals can celebrate by picking up litter, planting trees, conserving water and energy, switching to reusable items, learning about local environmental issues or joining virtual events. Organizations offer free resources such as lesson plans, fact sheets, quizzes and volunteer opportunities. NASA and other agencies provide Earth Day toolkits with science-based activities for all ages.

10. Earth Day 2026 arrives amid ongoing global challenges and calls for resilience. With continued concerns over climate impacts, policy shifts and energy security, the day serves as a reminder that progress is resilient when driven by collective will. Organizers stress optimism, determination and cross-generational collaboration, celebrating the planet’s ability to inspire and sustain life while urging sustained action for future generations.

Earth Day continues to evolve from its roots as a protest and teach-in into a worldwide day of education, celebration and mobilization. In 2026, the message is clear: environmental stewardship is not dependent on distant leaders but on the power each person and community wields every day.

Whether through large public rallies or quiet backyard efforts, millions will mark the occasion by reaffirming their commitment to a healthier planet. As the theme “Our Power, Our Planet” underscores, real change begins with informed, engaged citizens working together for clean air, clean water, renewable energy and a sustainable future.

From its dramatic origins in response to visible pollution crises to its current role as a global platform for hope and action, Earth Day remains one of the most enduring and influential civic observances. On April 22, 2026, and throughout Earth Week, people everywhere have the opportunity to turn awareness into meaningful steps that protect the only home humanity has.

Britain’s biggest mobile network operators have warned ministers they may be forced to ration access to phone signals and introduce surge pricing at peak times, as the war in Iran sends wholesale energy costs spiralling and Whitehall shuts the sector out of its flagship industrial support package.

In a pointed intervention to Government, VodafoneThree, Virgin Media O2 and BT-owned EE have confirmed they are drawing up emergency contingency plans to manage ballooning electricity bills, after being pointedly omitted from the Chancellor’s British Industrial Competitiveness Scheme (BICS).

Among the measures being modelled behind closed doors are the throttling of data speeds, restricting access during periods of high demand, and charging customers a premium at peak times, a move that would mark a significant departure from the all-you-can-eat tariffs that have dominated the British mobile market for more than a decade.

Voice calls and mobile data are expected to bear the brunt of any rationing, though fixed-line broadband services could also be affected. Senior industry figures have further cautioned that relentless cost pressures could see 5G rollout plans shelved, with jobs either cut outright or shifted overseas.

Frustration is running deep in the industry following Rachel Reeves’s announcement last week that 10,000 manufacturers would see their electricity bills cut by up to 25 per cent under BICS. Although the measures are not due to take effect until April 2027, telecoms bosses argue that their sector, classed as critical national infrastructure, has an equally compelling case for state intervention.

“It’s a serious oversight,” one industry source told Business Matters. “It raises real questions about which parts of the economy this Government actually considers strategically important.”

The sums involved are far from trivial. Britain’s mobile networks consume just under one terawatt-hour of electricity annually, enough to power 370,000 homes. While operators routinely hedge their exposure to the wholesale market, prices have still climbed by 70 per cent in recent years, first on the back of Russia’s invasion of Ukraine and more recently following the closure of the Strait of Hormuz, the vital shipping lane that carries roughly a fifth of global oil and gas trade.

With UK electricity pricing still tethered to the gas market, the 33 per cent jump in gas prices since the outbreak of hostilities with Iran has fed directly through to operator cost bases. Unlike steelmakers or chemical plants, executives argue, mobile networks cannot simply shift demand to cheaper overnight hours. The “always on” nature of the infrastructure leaves them structurally exposed.

Any move to ration signal, understood to represent a worst-case scenario, would prove politically toxic in a country where consumers are already exasperated by patchy coverage. The UK currently props up the G7 table for 5G download speeds, and the broader economic stakes are considerable: digital connectivity is estimated to contribute £6.6bn annually to UK output.

The warning lands at an awkward moment for the Chancellor, who is already fielding criticism from manufacturing bodies that BICS is both too modest and too slow to arrive to stem further job losses.

A spokesman for Virgin Media O2 said: “Mobile and broadband networks are critical national infrastructure that almost every consumer and business relies on, yet despite their importance, telecoms companies have been excluded from support offered to other energy-intensive sectors. If the Government wants growth, productivity and resilience, it cannot overlook the digital networks the country depends on.”

VodafoneThree struck a similar note, with a spokesman adding: “We are disappointed that the Government has chosen not to include the telecoms sector in the British Industrial Competitiveness Scheme. At VodafoneThree we are committed to building the UK’s best network, creating jobs and fuelling billions of pounds of value to the UK economy. We urge the Government to consider the impact of rising energy prices on the vital telecoms sector that unlocks growth in all parts of the economy.”

For SMEs already grappling with patchy rural coverage and rising operating costs, the prospect of peak-time surcharges or throttled data could represent yet another headwind, and another reason to question whether Britain’s industrial strategy is keeping pace with the realities on the ground.

Jamie Young

Jamie is Senior Reporter at Business Matters, bringing over a decade of experience in UK SME business reporting.
Jamie holds a degree in Business Administration and regularly participates in industry conferences and workshops.

When not reporting on the latest business developments, Jamie is passionate about mentoring up-and-coming journalists and entrepreneurs to inspire the next generation of business leaders.

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