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      • Richard Schulze worked as an electronics components manufacturer representative before opening his stereo equipment shop, Sound of Music, in 1966. He grew it into the chain of superstores he renamed Best Buy.
      www.forbes.com/profile/richard-schulze/

      Richard Schulze - Forbes

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  3. corporate.bestbuy.com › best-buy-at-50-a-qa-withBest Buy at 50: A Q&A with Founder Dick Schulze and CEO ...

    Aug 22, 2016 · Technology has changed a lot over the past half century, and so has Best Buy. Fifty years ago today, Dick Schulze opened a small store called Sound of Music in St. Paul, Minnesota, that sold stereos, speakers, vinyl records and other products related to music.

  4. en.wikipedia.org › wiki › Richard_MRichard M. Schulze - Wikipedia

    In May 2012, Schulze announced that he was stepping down as Best Buy chairman after an investigation found that he knew that the CEO was having a relationship with a female employee and did not alert the audit committee.

  5. atouchofbusiness.com › companies › best-buyBest Buy's Retail Revolution: History and Summary

    Dec 22, 2023 · Richard M. Schulze’s idea wasn’t just to sell electronics but to redefine how they were sold. By 1970, Schulze was the sole owner, and he sensed the limitations of the stereo market. Schulze expanded the store’s products to include appliances and VCRs, which saw sales skyrocket to $9.5 million by 1982.

  6. www.forbes.com › profile › richard-schulzeRichard Schulze - Forbes

    5 days ago · He grew it into the chain of superstores he renamed Best Buy. He is chairman emeritus of Best Buy and its largest individual shareholder with a 10% stake.

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  8. www.cbc.ca › radio › undertheinfluenceWhy a tornado prompted Best Buy to change its original name

    Mar 3, 2022 · Founder Richard Schulze said it was both the worst and best thing that ever happened to them. The tornado changed the way they did business and ended up changing the business's very name.

  9. corporate.bestbuy.com › 35-years-ago-today-a35 Years Ago Today, A Tornado Transformed Best Buy

    Jun 14, 2016 · “It was the worst thing that could happen to us,” company founder Dick Schulze recounted in his book Becoming the Best: A Journey of Passion, Purpose and Perseverance. But, he added: “It was the best thing that could happen to us.” Time for a ‘Tornado Sale’.

  10. www.hbs.edu › detailsRichard M. Schulze - Leadership - Harvard Business School

    Schulze transformed his small Sound of Music electronic store into an electronics retailing giant – Best Buy. Schulze introduced mass-merchandising techniques to the electronics marketplace and helped to transform the shopping process into a personal experience, shifting the balance of power from the salesperson to the consumer.