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Best Buy is the brainchild of the company's founder and chairman, Richard M. Schulze. In 1966 Schulze and a partner established Sound of Music, Inc. and opened their first store in St. Paul, Minnesota, in an attempt to capture a share of the Twin Cities' home and car stereo retail market.
Dec 22, 2023 · Richard M. Schulze, the ambitious founder, embarked on his entrepreneurial journey with a store named Sound of Music. Funded by personal savings and a second mortgage on his family home, Schulze’s first store was a leap of faith into home and car stereo retail.
Best Buy Co., Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota. Originally founded by Richard M. Schulze and James Wheeler in 1966 as an audio specialty store called Sound of Music, it was rebranded under its current name with an emphasis on consumer electronics in 1983.
Feb 14, 2024 · As the first female CEO in Best Buy’s history, Barry’s progressive vision and principled leadership has further distinguished Best Buy as an exemplar of conscious capitalism thriving through disruption. Discover the leadership journey of Best Buy, from visionary founder Richard M. Schulze to present-day CEO Corie Barry.
May 15, 2012 · Best Buy founder Richard Schulze and his family are giving the University of Minnesota $40 million for diabetes research. Schulze has a daughter who has the disease. MPR photo/Tom...
Richard M. Schulze. Best Buy. 1966–2002. Industry: Retail. Era: 1960. Schulze transformed his small Sound of Music electronic store into an electronics retailing giant – Best Buy.
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The Best Buy Company., Inc. was started by Richard M. Schulze and his partner in the year 1966. The first store was named ‘Sound of Music’ and sold only home and car stereo equipment.
