About the Company
Best Buy Company is a multinational electronic retailer founded by James Wheeler and Richard M. Schulze. It presently operates in the United States, Mexico and Canada; it also used to operate in China and Europe till 2011 and 2012 respectively.
It offers products under categories such as video games, wearable technology, appliances, cell phones, TV & home theatre, audio, sustainable living, computers & tablets, car electronics & GPS, smart home, security & WiFi etc. The retailer also extends a vast range of deals in respective countries like Black Friday Sale, Cyber Monday, Student deals, Seasonal sales etc.
There are numerous best-selling brands that retail under Best Buy, including, Apple, Sony, Lenovo, LG, Bose, Nikon, Microsoft, Samsung, HP, Canon, Epson etc. The company offers ten in-house brands as well. These are Dynex, Pacific Sales, Init, RocketFish Mobile, Insignia, Platinum, Magnolia Design Center, RocketFish, Modal and Magnolia home theatre.
As of 29th October 2016, it operated 331 Best Buy Mobile stand stores, 28 stand-alone Pacific Sales stores and 1,026 Best Buys in the U.S. In Canada, it had 135 Best Buys and 53 stand-alone stores, 5 Best Buy Express stores and 18 Best Buy in Mexico.
Under its Geek Squad brand, it offers various warranty services, computer repair and accidental service plans. The company also has an online community forum for its members, where consumers can seek answers to all their queries, communicate about product experiences and avail assistance from other members or product experts.
The audio speciality store called "Sound of Music" in 1966 got rebranded to "Best Buy Co. Superstores" in 1983. As of 2020, it purchased several businesses and technologies under its brand name, such as the Carphone Warehouse's share and mindSHIFT for $1.3 billion and $167 million respectively in 2011.
As of 2020, it is an S&P 500 component that has over 125,000 employees working in North America. It debuted in the New York Stock exchange in 1987 under the trading symbol BBY.
Over the years Best Buy Company has been recognised in prestigious lists like Fortune's Blue Ribbon Companies, Barron's Most Sustainable Companies, CDP's Climate A list, Bloomberg Gender-Equality Index, Forbes Best Employer for Diversity, Indeed 50 Top Rated Workplaces, Glassdoor's Best Company to Work for During the Holiday Season, The Globe & Mail Canada's Top 100 Employers, etc.;
|Organisation||Best Buy Co Inc|