Best Buy

Best Buy

Best Buy Co., Inc. is an American specialty retailer of consumer electronics in the United States, accounting for 19% of the market. It also operates in Mexico, Canada & China. The company's subsidiaries include Geek Squad, CinemaNow, Magnolia Audio Video, Pacific Sales, and, in Canada operates under both the Best Buy and Future Shop label. Together these operate more than 1,150 stores in the United States, Puerto Rico, Canada, China, and Mexico. In addition, the company has opened over 100 Best Buy Express Automated Retail stores or "ZoomShops", operated by Zoom Systems, in airports and...
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quick facts
NYSE symbol:BBY
Founded:1966
Founders:James R Wheeler, Richard M. Schulze
Headquarters:Richfield, Minnesota
Annual revenue:$45,015,000,000
Net income:$1,003,000,000
Operating income:$2,508,000,000
Market cap:$22,000,000,000
Employees:150,000
Industries:Retail, Radio, Television, and Consumer Electronics Stores

Best Buy founders

Richard M. Schulze
Richard M. Schulze
Age:72 (Born: 1940)

Dick Schulze is the founder and chairman of Best Buy. He lives in Bonita Springs, Florida. He was born and raised in Saint Paul, Minnesota where he graduated from Central High School. He subsequently spent time in the U.S. Air Force with the Minnesota Air National Guard. He has an honorary degree...
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Executives at Best Buy

Bradbury H. Anderson
Bradbury H. Anderson
Chief Executive Officer
Tenure:June 30, 2002 - Present (9 years)

Bradbury H. Anderson has been a director of Best Buy since August 1986 and is currently Vice Chairman and Chief Executive Officer. He assumed the responsibility of Chief Executive Officer in June 2002, having previously served as President and Chief Operating Officer since April 1991.

Revenue history for Best Buy

RevenueDate
$45,015,000,000 February 28, 2009
$40,023,000 March 1, 2008
$35,934,000 March 3, 2007
$30,848,000,000 2007
$10,077,900,000 2000
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Net income history for Best Buy

Net IncomeDate
$1,003,000,000 February 28, 2009
$1,407,000 March 1, 2008
$1,377,000 March 3, 2007
$1,140,000,000 2007
$1,140,000 February 25, 2006
$224,400,000 2000
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Headquarters of Best Buy

Richfield
Richfield
Population:32,728

Richfield is a city in Hennepin County, Minnesota, United States. An inner-ring suburb of the Minneapolis-St. Paul region, it is bordered by Minneapolis to the north, Minneapolis-St. Paul International Airport to the east, Bloomington to the south, and Edina to the west. Best Buy, the U.S.'s...
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Current Best Buy board members

Kathy J. Higgins Victor
Kathy J. Higgins Victor
Board member since:November 1999

Kathy J. Higgins Victor is a founder of Centera Corporation and serves as its President. Ms. Victor served as Senior Vice President of Human...
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Ronald James
Ronald James
Board member since:May 3, 2004

Ronald James serves as the President and Chief Executive Officer of the Center for Ethical Business Cultures, a non-profit organization located in Minneapolis.

Elliot S. Kaplan
Elliot S. Kaplan
Board member since:1971

Elliot S. Kaplan has been a Director and Secretary of Best Buy Co. Inc. since January 1971. Mr. Kaplan has been a Partner at Robins, Kaplan, Miller...
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Frank D. Trestman
Frank D. Trestman
Board member since:December 1984

Frank D. Trestman has been the President of Trestman Enterprises, an investment and business development firm since November 1986.

Divisions of Best Buy

Division Name
Best Buy Finance Inc
BBC Investment Co
BBY Business to Business ULC
Best Buy China Holdings, Ltd
BBC Property Co
Howell & Associates, Inc
Jiangsu Five Star Capital Ltd
Redline Entertainment, Inc
Best Buy Enterprise Services, Inc
Napster
Pacific Sales Kitchen and Bath Centers, Inc
Best Buy International Finance, S.a.r.l.
CCL Insurance Co
Best Buy UK Investments 2 LLC
BBC Insurance Agency, Inc
Best Buy Purchasing, LLC
GeekSquad Europe, Ltd
BBY Holdings International Inc
vpr Matrix, Inc
CP Gal Richfield LLC
6349021 Canada Ltd
Jiangsu Five Star Investment Ltd
CP Gal Ritchfield, LLC
Best Buy Holdings B.V.
Magnolia Hi-Fi
Best Buy UK Investments 1 LLC
SpeakEasy
Future Shop
Magnolia Audio Video
Geek Squad
Speakeasy
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Parent company of Best Buy

The Carphone Warehouse
The Carphone Warehouse
Headquarters:London
Founded:1989

Carphone Warehouse Group PLC , known as The Carphone Warehouse, is Europe's largest independent mobile phone retailer, with over 1,700 stores across Europe. It is based in the United Kingdom and is a 50% subsidiary of Best Buy. Outside the UK and Ireland, the retailer is named The Phone House. The company was co-founded in 1989, when most portable phones were too bulky to carry and called car phones, by current CEO Charles Dunstone. Dunstone put...
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Companies acquired by Best Buy

CompanyDate:
Bergo Company 1967
Kencraft Hi-Fi Company 1967
Magnolia Hi-Fi 2000
Future Shop Ltd 2001
Musicland 2001
Geek Squad 2002
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Venture Investments

Avnera
Avnera
Headquarters:Beaverton

Avnera is a privately held company founded in June 2004 and based in Beaverton, Oregon. It has pioneered a new semiconductor technology enabling breakthrough products for wireless audio and voice applications. Bessemer Venture Partners and Redpoint Ventures co-led the Series A round of investment in 2004 which was followed by subsequent investment by key strategic customers and partners: Altien Bessemer Venture PartnersBest BuyDAG VenturesIntel...
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Frequently Asked Questions

  • Q:
    Where is Best Buy's corporate headquarters?
  • A:
    The main office is located in Richfield, Minnesota.
  • Q:
    Which industries does Best Buy operate?
  • A:
    The company operates in Retail and Radio, Television, and Consumer Electronics Stores.
  • Q:
    Who founded Best Buy?
  • A:
    James R Wheeler and Richard M. Schulze founded the business.
  • Q:
    How many people are employed by Best Buy?
  • A:
    In the year there were 150,000 people employed by the company.
  • Q:
    What companies did Best Buy acquire?
  • A:
    Acquisitions by Best Buy include Bergo Company, Kencraft Hi-Fi Company, Magnolia Hi-Fi, Future Shop Ltd, Musicland and Geek Squad.
  • Q:
    Who are the Board of Directors at Best Buy?
  • A:
    A few Board Members include:
    - Ari Bousbib, Board Member
    - Kathy J. Higgins Victor, Board Member
    - Ronald James, Board Member
    - Elliot S. Kaplan, Board Member
    - James E. Press, Board Member
    - Frank D. Trestman, Board Member
    - Matthew H. Paull, Board Member
    - Rogelio M. Rebolledo, Board Member
    - Mary A. Tolan, Board Member
    - Hatim A. Tyabji, Board Member
  • Q:
    Which year was Best Buy founded?
  • A:
    The company was founded in 1966.
  • Q:
    Who owns stock in Best Buy?
  • A:
    Stock owners include Richard M. Schulze, Allen U. Lenzmeier, Frank D. Trestman, Bradbury H. Anderson and Elliot S. Kaplan.
  • Q:
    What is the ticker symbol and stock exchange for Best Buy?
  • A:
    The stock ticker symbol is "BBY" listed on the NYSE stock exchange.
Best Buy Photo Gallery

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