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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Founded | August 22, 1966St. Paul, Minnesota, United States
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Number of locations | 997 (FY FEB 2, 2019)
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Products | Consumer electronics, appliances
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Revenue | US$42.88 billion (FY FEB 2, 2019)
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Operating income | US$1.90 billion (FY FEB 2, 2019)
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Net income | US$1.46 billion (FY FEB 2, 2019)
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Total assets | US$12.90 billion (FY FEB 2, 2019)
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Total equity | 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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