Best Buy

Type: Public
Founded:
Headquarters:
Key people: Brian J. Dunn, CFO & COO, Richard M. Schulze, Founder & Chairman, Brad Anderson, CEO & Vice Chairman
Industry: Retailing
Products: Retailing-Electronics
Website: Retailing-Electronics

General Information

Best Buy Co., Inc. (NYSE: BBY) is a Fortune 100 company and the largest specialty retailer of consumer electronics in the United States and Canada, accounting for 17% of the market. The company's subsidiaries include Geek Squad, Magnolia Audio Video, and, in Canada, Future Shop. Together these operate over 1150 stores in the United States, Canada and China. The company's corporate headquarters are located in Richfield, Minnesota, USA (near Minneapolis). On June 26, 2007, Best Buy announced a 40% increase in its operations, with plans to operate over 1800 stores worldwide, including 1400 Best Buy stores in the U.S. alone.

Best Buy was named 'Company of the Year' by Forbes magazine in 2004, 'Specialty Retailer of the Decade' by Discount Store News in 2001, ranked in the Top 10 of 'America's Most Generous Corporations' by Forbes magazine, and made Fortune Magazine's List of Most Admired Companies in 2006.