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As president of Best Buy Canada, Ron Wilson guides the vision and strategic direction for the company’s operations in Canada. His leadership has been instrumental in implementing a connected in-store and online experience that builds long-term relationships with customers.
Best Buy operates internationally in Canada, and formerly operated in China until February 2011 (when the faction was merged with Five Star) and in Mexico until December 2020 (due to the effects of the COVID-19 pandemic). The company also operated in Europe until 2012. [2] Its subsidiaries include Geek Squad, Magnolia Audio Video, and Pacific ...
Find company research, competitor information, contact details & financial data for Best Buy Canada Ltd of Vancouver, BC. Get the latest business insights from Dun & Bradstreet.
As a wholly owned subsidiary of Best Buy Co., Inc. (NYSE:BBY), Best Buy Canada Ltd. is one of Canada's largest and most successful omni-channel retailers, operating the Best Buy, Best Buy Mobile and Geek Squad (www.geeksquad.ca) brands.
- Best Buy Canada revenue is $2.5 B
- Best Buy Canada has 12,000 employees
- Best Buy Canada headquarters are located in 425 W 6th Ave Ste 102, Vancouver, British Columbia, V5Y 1L3, Canada
- Best Buy Canada’s main industries are: Consumer Electronics & Computers Retail, Retail
- Best Buy Canada appears in search results as Best Buy, Best Buy Canada Ltd, Best Buy CanadaBest Buy Mobile, Best Buy Co
- Overview
- Geek Squad
- Magnolia Hi-Fi, In
- Pacific Sales Kitchen and Bath Centers
- Vertical Integration of Companies
Best Buy Co. Inc. (
) operates over 1,000 large-format retail stores in the United States, Canada, and Mexico generating over $42.9 billion in annual revenues selling and servicing consumer electronic products worldwide. The company acquired several businesses on its path to becoming the largest
electronics retailer in the United States. The company has strategically embedded
into its business model to expand in several complementary niche categories. Here are the top three companies owned by Best Buy.
Three important Best Buy acquisitions are Geek Squad, Magnolia Hi-Fi, and Pacific Sales Kitchen and Bath Centers.
Geek Squad provides Best Buy customers with onsite and Internet-based technical support, installation, and repair services for computers, applications, appliances, cellphones, cameras, home theaters, home automation, wearable technology, and video gaming.
Geek Squad provides Best Buy customers with
Geek Squad was originally started by Robert Stephens in 1994. The company offered residential and commercial on-site computer repair services. The company theme was to operate similar to a government intelligence agency like the Federal Bureau of Investigations by assigning the title of "agent" to employees. Managers and specialists were assigned higher-level titles including special agent, covert agent, deputy of covert operations, deputy field marshal, deputy of counterintelligence, and counterintelligence agent. Best Buy acquired Geek Squad on Oct. 24, 2002, and named Robert Stephens to continue to run the operations as a
Best Buy purchased Magnolia Hi-Fi Inc. for $87 million on Dec. 18, 2000, and assumed $598 million in debt for a total acquisition cost of $685 million. Seattle-based Magnolia Hi-Fi operated 13 retail audio and video store locations with approximately $100 million in
Best Buy originally planned to keep the Magnolia retail stores as an independent
Best Buy acquired Pacific Sales Kitchen and Bath Centers Inc. for $410 million in Jan. 2006. The purchase included 14 stores located in southern California. Like Magnolia Hi-Fi, this brand also caters to high-end customers willing to pay top dollar for customized service and expensive
products. Best Buy maintained segregating the subsidiary as a high-end brand with its stand-alone showrooms while integrating the in-store structure for the East Coast locations.
Best Buy decided to absorb and integrate Magnolia directly into its own Best Buy showrooms and
the product lines and support. Pacific Kitchen and Home Inside has been integrated into Best Buy showrooms with support, repair, and installation services provided by Geek Squad.
Best Buy Canada's Chief Financial Officer is Bryan Kooistra. Other executives include Angela Scardillo, Senior Vice President, Marketing and Store Design; Ron Wilson, President, International and 5 others.
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Apr 10, 2022 · Retail giant Best Buy Canada is moving its corporate offices as it embraces a digital workplace approach. The company is targeting May when it will relocate from its current 140,000-square-foot head office space in Burnaby to a new 70,000-square-foot space in the Mount Pleasant area of Vancouver.
