Best Buy

Best Buy

Consumer electronics retailer
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Best Buy Co., Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota. It was originally founded by Richard M. Schulze and James Wheeler in 1966 as an audio specialty store called Sound of Music. In 1983, it was re-branded under its current name with an emphasis placed on consumer electronics.

Formerly
Sound of Music (1966–1983)
Best Buy Co. Superstores (1983–1984)
Best Buy Superstores (1984–1989)
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Type
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Traded as
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ISIN
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Industry
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Founded
August 22, 1966; 53 years ago (1966-08-22) in St. Paul, Minnesota, United States
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Founder
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Headquarters
7601 Penn Avenue S, ,
U.S.
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Number of locations
997 (FY FEB 2, 2019)
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Area served
  • United States
  • Canada
  • Mexico
  • Puerto Rico
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Key people
Hubert Joly (Executive Chairman)
Corie Barry (CEO)
Mike Mohan (President and COO)
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Products
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Revenue
Increase US$42.88 billion (FY FEB 2, 2019)
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Operating income
Increase US$1.90 billion (FY FEB 2, 2019)
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Net income
Increase US$1.46 billion (FY FEB 2, 2019)
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Total assets
Decrease US$12.90 billion (FY FEB 2, 2019)
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Total equity
Decrease US$3.31 billion (FY FEB 2, 2019)
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Number of employees
c. 125,000 (FY FEB 2, 2019)
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Divisions
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Subsidiaries
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Website
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