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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.
Dec 22, 2023 · Nationwide and Global Expansion: From 1996 to 1997, Best Buy opened 95 new stores, with revenues reaching $7 billion by 1997. Diverse Products and Services: By 2003, Best Buy’s product range was vast, with over 600 stores worldwide. Impressive Growth: As of 2013, Best Buy had 1,150 stores with $50 billion in sales.
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. First-year sales reached $173,000.
At Best Buy, we make tomorrow happen today. We enrich lives through technology, while championing diversity and inclusion, growth and enrichment, passion and innovation. Best Buy is one of Canada's largest & most successful retailers, operating the Best Buy (www.bestbuy.ca), Best Buy Mobile, & Geek Squad (www.geeksquad.ca) brands.
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.
Jun 28, 2013 · In July 2008, Best Buy announced that it would start selling musical instruments and related gear in over 80 of its retail stores, making the company the second-largest musical-instrument distributor in the US. Best Buy became the first third-party retail seller of Apple ’s iPhone in September. Later that month, the company agreed to acquire ...
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. Sony Corporation Story; Toshiba Story; They met with success immediately as they were able to reach sales in excess of $160,000 in their first year itself.
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