American multinational consumer electronics retailer
Not to be confused with Best by.
Best Buy Co., Inc.
Logo used since May 9, 2018
Best Buy store in Onalaska, Wisconsin
Formerly
Sound of Music (1966–1983)
Best Buy Co. Superstores (1983–1984)
Best Buy Superstores (1984–1989)
Company type
Public
Traded as
NYSE: BBY
S&P 500 component
Industry
Retail
Founded
August 22, 1966; 57 years ago (1966-08-22) in St. Paul, Minnesota, United States, as Sound of Music
Founders
Richard M. Schulze
James Wheeler
Headquarters
Richfield, Minnesota,
U.S.
Number of locations
1,125 (2024)
Areas served
United States
Canada
Key people
Patrick Doyle (Chairman)
Corie Barry (CEO)
Products
Consumer electronics, appliances
Services
Tech repair
Revenue
US$43.45 billion (2024)
Operating income
US$1.574 billion (2024)
Net income
US$1.241 billion (2024)
Total assets
US$14.97 billion (2024)
Total equity
US$3.053 billion (2024)
Number of employees
c. 85,000 (February 2024)
Divisions
Best Buy Canada
Subsidiaries
Best Buy Mobile
Geek Squad
Lively
Magnolia Home Theater
Pacific Sales
Website
bestbuy.com
Footnotes / references Financials as of February 3, 2024[update].[1]
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.
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 Sales. Best Buy also operates the Best Buy Mobile and Insignia brands in North America, plus Five Star in China.[2] Best Buy sells cellular phones from Verizon Wireless, AT&T Mobility, T-Mobile, Boost Mobile and Ting Mobile[3] in the United States. In Canada, carriers include Bell Mobility, Rogers Wireless, Telus Mobility, their fighter brands, and competing smaller carriers, such as SaskTel.
Hubert Joly is executive chairman of Best Buy, having been succeeded as CEO by Corie Barry in June 2019.[4][5][6] According to Yahoo! Finance, Best Buy is the largest specialty retailer in the United States consumer electronics retail industry.[7] The company ranked number 72 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.[8]
^"Best Buy Co., Inc. Form 10-K (FY ending February 3, 2024)". U.S. Securities and Exchange Commission. March 15, 2024. Retrieved March 16, 2024.
^ ab"Form 10-K Best Buy". United States Securities and Exchange Commission. Archived from the original on July 11, 2019. Retrieved January 14, 2014.
^"Partner Portfolio". Zoom Systems. Archived from the original on January 15, 2011. Retrieved December 31, 2012.
^Lee, Thomas (August 19, 2013). "A year on the job with Best Buy CEO Hubert Joly". Star Tribune. Archived from the original on January 16, 2014. Retrieved January 14, 2014.
^Wahba, Phil (April 15, 2019). "Best Buy Will Get Its First-Ever Female CEO in June". Fortune. Archived from the original on April 22, 2019. Retrieved April 22, 2019.
^Carlen, Sam (June 11, 2019). "Best Buy's Corie Barry ascends to CEO post". Business Journal. Archived from the original on September 10, 2021. Retrieved June 12, 2019.
^Bailey, Sharon (January 19, 2015). "Best Buy: The largest consumer electronics retailer". Yahoo! Finance. Archived from the original on January 19, 2018. Retrieved July 13, 2017.
^"Fortune 500 Companies 2018: Who Made the List". Fortune. Archived from the original on January 15, 2019. Retrieved November 10, 2018.
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products they select as 'BestBuys'. Instead, companies paid Consumers Digest for the right to promote their products as 'BestBuys'. They relied on consumer...
Margherita Buy (Italian pronunciation: [marɡeˈriːta ˈbui]; born 15 January 1962) is an Italian actress. She is a seven-time David di Donatello Awards...
mobile products they already own. In summer 2013, more than 1,400 BestBuy and BestBuy Mobile stores have established the Samsung Experience Shop. About...
Series treadmill as their "Best Overall" at-home treadmill. In 2017, Consumer Reports gave NordicTrack one of their models a BestBuy and three models received...
it re-emerged as an online music store commonly known as Napster 2.0. BestBuy later purchased the service and merged it with its Rhapsody streaming service...
in cooperation with BestBuy, was accused of using unlicensed versions of the ERD Commander software. Winternals supplied BestBuy with copies of its software...
BestBuy Comics is a one-shot comic book by Robert Crumb and Aline Kominsky (later Crumb), published by Apex Novelties in 1979. All the stories in the...
Biographical Dictionary, Dow Jones, the Catalogue of Life, CrunchBase, BestBuy, and the FAA to answer queries. A Spanish language version was launched...
BuyBuy Baby (stylized buybuy BABY) is an American big-box retail chain selling clothing, strollers, and other items for use with infants and young children...
hurts Best Buy" and noted, "Buy a MacBook at the Apple Store and it's hard to go back to the BestBuy Windows laptop buying experience". The publication...
Ventures, AllegisCyber Capital, Justin Greene, Bridgescale Partners, and BestBuy Capital. IMVU members use 3D avatars to meet new people, chat, create,...
only; the rest is video. The BestBuy version of the album included a download card for one bonus track: A second BestBuy promotion included a free separate...
on February 19, 2011. Retrieved February 19, 2011. Move Like This (CD (BestBuy edition)). The Cars. Hear Music. 2011.{{cite AV media notes}}: CS1 maint:...
January 9, 2024 "Apocalypse Now: The Final Cut - 4K Ultra HD Blu-ray (BestBuy Exclusive SteelBook) Ultra HD Review | High Def Digest". ultrahd.highdefdigest...
of American and Canadian multinational consumer electronics corporation BestBuy, headquartered in Richfield, Minnesota. The subsidiary was originally an...
Future Shop was acquired by the similar American chain BestBuy for C$580 million. Although BestBuy began to establish Canadian locations under its own...
bonus when downloading the set. A version of this box set was sold at BestBuy for a limited time as an exclusive. This edition included an extra CD containing...
Barrowlands, Glasgow, Scotland, 2001)" and "Morning Glory (Live from V2005)". At BestBuy stores, the regular two disc version of the album was packaged with the...
United Kingdom, operated by The Musicland Group, Inc. It was purchased by BestBuy in 2000, sold to Sun Capital Partners in 2003, and filed for bankruptcy...
Warehouse and BestBuy. In May 2008, BestBuy agreed to buy a 50% share in Carphone Warehouse's retail business for £1.1 billion, to launch the BestBuy Europe...
Global Information
US$43.45 billion (2024)
US$3.053 billion (2024)