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You can easily recognize the physical Best Buy stores by their light brown exteriors with blue entrances which in some way look like boxes. In these interesting looking buildings you will find a great variety of cool merchandise such as home appliances, software, video games, music record ...s, mobile phones, digital cameras, stereos and many more. Before you hit the store, make sure to check the regularly updated ads and catalogs here so that you won’t miss any great deals or discounts. If you like technology, Best Buy is definitely the place to go.Expand text
In 1966, Richard M. Schulze and his business partner James Wheeler founded an audio specialty store for high fidelity stereos called Sound of Music. After it's successful and steady growth throughout the years. It was finally rebranded as Best Buy Co., Inc in 1983. Today, Best Buy is a multinational consumer electronics retailer giant and it is headquartered in Richfield, Minnesota.
Internationally, Best Buy currently operates in Mexico and Canada. It used to be operational in China as well until they merged their operations with Jiangsu Five Star in 2011. However, the following year, they decided to leave the European market.
Best Buy has subsidiaries such as Geek Squad, Magnolia Audio Video, and Pacific Sales. Moreover, Best Buy sells cell phones from providers such as Boost Mobile, Sprint Corporation, AT&T Mobility, and Verizon Wireless.
Best Buy has proved that it is an outstanding company numerous times. Below, you can see some of the great achievements so far.
"Specialty Retailer of the Decade" by Discount Store News in 2001.
"Company of the Year" by Forbes magazine in 2004.
It was ranked in the Top 10 of “America’s Most Generous Corporations" by Forbes magazine in 2005.
Listed as one of the “Most Admired Companies” by Forbes in 2006.
"The Most Sustainable Company in the United States" by Barron's in 2019.
According to Yahoo! Finance, Best Buy is the biggest specialty retailer in the US.
Best Buy was ranked No. 72 in the 2018 Fortune 500 list of largest US corporations by total revenue.