Magnolia Audio Video is a specialty consumer electronics retailer in the United States. It currently operates 8 standalone stores throughout Washington and California, and one in the Chicago Metropolitan Area. The company also operates 350 Magnolia Home Theater stores, which are located within Best Buy stores across the nation. In 1954, Len Tweten began the enterprise that was to become Magnolia Audio Video. Originally called "Magnolia Stationers and Camera Shop," the business took its name from the Magnolia district of Seattle, where the first store was located. Over the years, Len became... passionate about music and high-fidelity audio. He soon began to sell audio products in his store. By the mid-1960s, the company had become a specialty audio retailer. In December 2000, Magnolia Hi-Fi, as it was then known, was purchased by Best Buy for $87 million. In the summer of 2003, the company changed its name from Magnolia Hi-Fi to Magnolia Audio Video, in order to, as the company's website claims, "reflect the new era of electronic entertainment." Later in 2003, the first Magnolia Home Theater store opened.
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