History
Best Buy Co., Inc is the leading specialty retailer of consumer electronics, personal computers, entertainment software and appliances in North America. In 1966, Sound of Music, an audio specialty store, was opened in St. Paul, Minnesota. In 1983, Sound of Music’s board of directors approved a new corporate name: Best Buy Co., Inc. Best Buy opened first superstore in Burnsville, Minnesota in 1983. The company gained supremacy in retail business through increasing sales over the years. Best Buy was named “Company of the Year” in 2004 by the Forbes Magazine.Mission
The mission of Best Buy is: to give customers great experiences-- whether they are shopping for consumer electronics, home-office products, entertainment software and appliances, or using those products and related-services in their homes and offices.Area of Operation
The businesses of Best Buy are:- Electronics
- Cameras & Camcorders
- Computers
- Music, Movies & Games
- Home & Appliances
- Phones & Communications
- Office Products
- Gift Ideas
Key Statistics
- Best Buy holds assets of $11,864.0 millions.
- Best Buy has made profits of $1,140.0 billion in 2006.
- Best Buy operates in United States, Canada and China.
- Best Buy has 128,000 employees.
Organization
The corporate governance of Best Buy includes:- Board of Directors
- Board Committees
- Officers
International Ranking
- Best Buy ranks 324 in the world according to Forbes Magazine list.
- Best Buy ranks 189 in Fortune Global 500 list.
Subsidiaries
The company's subsidiaries include:- Geek Squad
- Magnolia Audio Video
- Future Shop in Canada
- Pacific Sales Kitchen and Bath Centers
Recent Acquisition
In 2006, Best Buy acquired a majority interest in the retail chain Jiangsu Five Star Appliance Co., Ltd. China’s fourth-largest appliance and consumer electronics retailer.Headquarter Address
Best Buy Corporate Campus7601 Penn Avenue South
Richfield, Minnesota 55423-3645
USA
Phone: 612-291-1000
Website URL: www.bestbuy.com
Bad Credit Mortgage | Second Mortgage | Refinance Second Mortgage
