Best Buy is an American multinational consumer electronics corporation
headquartered in Richfield, Minnesota, a
Internationally, it also operates in
Canada and Mexico. It was
formerly operational in China until February 2011 (when the faction
was merged with Five Star) and in Europe until 2012. The company
was founded by
Richard M. Schulze and James Wheeler in 1966 as an
audio specialty store named Sound of Music. In 1983, it was renamed
and rebranded with more emphasis placed on consumer electronics.
Best Buy's subsidiaries include Geek Squad, Magnolia Audio Video, and
Best Buy operates under the Best Buy,
Best Buy Mobile,
Geek Squad, Magnolia Audio Video, Insignia and
Pacific Sales brands in
the United States; the Best Buy,
Geek Squad and
Best Buy Mobile brands
Best Buy Mobile and Five Star in China; and Best Buy, Best
Buy Express, and
Geek Squad in Mexico.
Best Buy sells cellular
phones from Verizon Wireless, AT&T Mobility, Sprint Corporation,
and Boost Mobile in regular stores and standalone
Best Buy Mobile
stores in shopping malls.
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 in 2005 (based on 2004
giving), and made Fortune magazine's list of "Most Admired
Companies" in 2006.
Hubert Joly serves as Best Buy's chairman and
According to Yahoo! Finance,
Best Buy is the largest specialty
retailer in the U.S. consumer electronics retail industry.
1.1 Early history
2 Corporate affairs
2.1 Business operations
2.2 House brands
3.3 Analog televisions
3.4 Environmental issues
5 Further reading
6 External links
Best Buy at the Renaissance Center in Durham, North Carolina
In August 1966,
Richard M. Schulze and a business partner opened Sound
of Music, an electronics store specializing in high fidelity stereos
in Saint Paul, Minnesota.
Schulze financed the opening of his first store with his personal
savings and a second mortgage he took out on his family’s
home. In 1967, Sound of Music acquired Kencraft Hi-Fi Company
and Bergo Company. Sound of Music earned $1 million in revenue and
made about $58,000 in profits in its first year. In 1969, Schulze
bought out his business partner. Sound of Music had three stores and
became a publicly held company listed on the
Sound of Music operated nine stores throughout
Minnesota by 1978.
In 1981, the Roseville, Minnesota, Sound of Music location, at the
time the largest and most profitable Sound of Music store, was hit by
a tornado. The store’s roof was sheared off and showroom
destroyed, but the storeroom was left intact. In response,
Schulze decided to have a “Tornado Sale” of damaged and excess
stock in the damaged store’s parking lot. He poured the
remainder of his marketing budget into advertising the sale, promising
“best buys” on everything. Sound of Music made more money
during the four-day sale than it did in a typical month.
In 1983, with seven stores and $10 million in annual sales, Sound of
Music was renamed
Best Buy Company, Inc. The company also
expanded its product offerings to include home appliances and VCRs, in
an attempt to expand beyond its then-core customer base of
15-to-18-year-old males. Later that year
Best Buy opened its first
superstore in Burnsville, Minnesota. The Burnsville location
featured a high-volume, low price business model, which was borrowed
partially from Schulze’s successful Tornado Sale in 1981. In
its first year, the Burnsville store out-performed all other Best Buy
Best Buy debuted on the
New York Stock Exchange
New York Stock Exchange in 1987. In
1989, the company introduced a new store concept dubbed “Concept
II.” Concept II replaced dimly lit industrial-style stores
with brighter and more fashionably fixtured stores. Stores also
began placing all stock on the sales floor rather than in a stock
room, had fewer salespersons and provided more self-help product
information for its customers.
Best Buy also did away with
commissioned salespeople. The commission-free sales
environment “created a more relaxed shopping environment free of the
high-pressure sales tactics used in other stores,” but was unpopular
with salespersons and suppliers. Some suppliers, such as Maytag,
Whirlpool and Sony, were upset that salespeople would no longer be
pushing their products and stopped selling their wares in Best Buy
stores. The suppliers returned after Best Buy’s sales and
revenue grew following the roll-out of Concept II.
In 1992, the company achieved $1 billion in annual revenues. In
Best Buy debuted “Concept III” stores, which were larger
than its previous stores. The Concept III stores included
expanded product offerings, interactive touchscreen kiosks that
displayed product information for both customers and employees, and
demonstration areas for products such as surround sound stereo systems
Best Buy launched its “Concept IV” stores with its expansion into
New England in 1998. Concept IV stores included an open layout
with products organized by category, cash registers located throughout
the store, and slightly smaller stores than Concept III stores.
The stores also had large areas for demonstrating home theater systems
and computer software.
Best Buy was added to Standard & Poor's S&P 500.
Best Buy Store located in Shanghai, China, now closed and
merged with Five Star.
Best Buy Corporate Headquarters is located in Richfield, Minnesota, a
suburb of Minneapolis
Best Buy logo has appeared at
Mall of America
Mall of America since 2008.
Best Buy opens its 800th store in Chicago, Illinois.
Best Buy formed Redline Entertainment, an independent music
label and action-sports video distributor. The company acquired
Magnolia Hi-Fi, Inc., an audio-video retailer located in California,
Washington and Oregon, in December 2000.
In January 2001,
Best Buy acquired
Musicland Stores Corporation, a
Minnetonka, Minnesota-based retailer that sold home entertainment
products under the Sam Goody, Suncoast Motion Picture Company, Media
Play and OnCue brands.
Best Buy purchased the company for $425
million in cash and the assumption of $271 million of Musicland
debt. Later that year,
Best Buy acquired the British Columbia,
Future Shop Ltd., marking its entrance
to the international marketplace. Under the deal, Future Shop
was purchased for approximately $377 million and continued to operate
as subsidiary independent from
Best Buy Canada.
Brad Anderson succeeded Richard Schulze as
Best Buy CEO in July
2002. Anderson had begun working at
Best Buy in 1973 while
attending seminary school. He was promoted to vice president in
1981 and executive vice president in 1986. Anderson had most recently
served as president and COO of Best Buy, a position he had held since
1991. In September of that year,
Best Buy opened the first
Canadian Best Buy-branded store in Mississauga, Ontario. In
Best Buy acquired Minneapolis, Minnesota-based Geek Squad,
then a 24-hour residential computer repair business with offices in
Minneapolis, Chicago, Illinois, Los Angeles,
California and San
Best Buy stores in the U.S. surpassed the 600-store mark and the
company opened its first global-sourcing office in
Shanghai, China in
2003. In June,
Best Buy divested itself of
Musicland in a deal
with Sun Capital Partners under which Sun Capital received all of
Musicland’s stock and debt.
Best Buy launched its “Reward
Zone” loyalty program in July following an 8-month test of the
program in San Diego, California. Also in 2003, Best Buy’s
corporate offices were consolidated into a single campus in Richfield,
In January 2004,
Best Buy hired Virtucom Group to revamp Best Buy’s
website and handle all of the company’s online content. In May,
the company launched its “customer centricty” program, which
segmented its stores according to customer profiles. The program
also called for employees to focus on specific customer groups rather
than product categories. In October,
Best Buy completed rolling
Geek Squad “precincts” in every American
Best Buy store.
In April 2005,
Best Buy began eliminating mail-in rebates in response
to negative customer reaction against them, and instead started giving
out instant rebates via notebook computers.
In May 2006,
Best Buy acquired a majority interest in Chinese
appliance retailer Jiangsu Five Star Appliance for $180 million.
At the time of the deal, Jiangsu was the fourth-largest appliance
chain in China with 193 stores across eight Chinese provinces. In
June, the company opened
Geek Squad precincts at
Office Depot in
Orlando, Florida. The market test was later expanded to Denver,
In January 2007, the first Best Buy-branded store in China officially
opened in Shanghai, China. In March 2007,
Best Buy acquired
Speakeasy, a Seattle, Washington-based broadband VOIP, data and IT
services provider. The acquisition was worth $80 million and,
under terms of the deal, Speakeasy began operating as a wholly owned
subsidiary of Best Buy. The company’s products also became part
of Best Buy’s For Business program.
Best Buy also expanded its
Geek Squad market tests in March, opening
Geek Squad precincts in
FedEx Kinkos stores located in Indianapolis, Indiana and Charlotte,
North Carolina. In October 2007,
Best Buy became the first
consumer-electronics retailer to exit the analog television market,
carrying only digital products that became mandatory in June 2009 by
In February 2008,
Best Buy opened its first store in San Juan, Puerto
Rico. Best Buy’s
Geek Squad market tests in
Office Depot and
FedEx Kinkos stores ended by March. Also in March, the company
began promoting the Blu-ray optical-disc format over the HD DVD
format, a move which ultimately contributed to Toshiba's decision to
drop HD DVD. In May, the company agreed to buy 50% of the retail
division of The Carphone Warehouse, a London, England-based mobile
phone retailer. The deal was worth $2.1 billion.
In July 2008,
Best Buy announced that it would start selling musical
instruments and related gear in over 80 of its retail stores, making
the company the second-largest musical-instrument distributor in the
Best Buy became the first third-party retail seller of
Apple’s iPhone in September. Later that month, the company
agreed to acquire Napster for $121 million. In December, Best Buy
opened its first store in Mexico.
In February 2009,
Best Buy leveraged its partnership with The Carphone
Warehouse to launch
Best Buy Mobile, a Best Buy-branded mobile
Best Buy Mobile standalone stores were opened in
shopping malls and urban downtowns.
Best Buy Mobile were also
added in all Best Buy-branded stores.
In June 2009, Brian Dunn became
Best Buy CEO. Dunn replaced Brad
Anderson, who was retiring. Dunn had joined
Best Buy in 1985 as a
sales associate. In 2000, Dunn became senior vice president of
East Coast operations and president of North American retail
operations in 2004. He had most recently served as president of
Best Buy, a position he had held since 2006.
Best Buy partnered with Roxio's
CinemaNow to launch an on-demand movie
download service that would allow customers to stream content to any
device sold by
Best Buy that connected to the Internet in November
2009. In December, the first Turkish
Best Buy opened in İzmir.
Best Buy store in
Germantown, Maryland that opened in 2002.
In April 2010,
Best Buy opened its first United Kingdom-based Best
Buy-branded store in Thurrock. The company eventually opened 11
Best Buy stores in the United Kingdom. The company closed all
Best Buy stores in November 2011. That same month Best
Buy purchased The Carphone Warehouse’s share of
Best Buy Mobile for
Best Buy and The Carphone Warehouse maintained their
Best Buy Europe
Best Buy Europe joint venture, which at the time operated 2,500 mobile
phone stores throughout Europe.
The company closed all of its Best Buy-branded stores in China by
February 2011, when it merged
Best Buy China’s operations with
Jiangsu Five Star, which had become a wholly owned subsidiary of Best
Buy in 2009. In December 2011,
Best Buy purchased mindSHIFT
Technologies, a company that provided IT support for small and
medium-sized businesses, for $167 million.
In 2012, in response to overall revenue decline,
Best Buy announced
plans to undergo a "transformation strategy". Stores began to adopt a
redesigned "Connected Store" format, providing the
Geek Squad with a
centralized service desk and implementing a "store-within-a-store"
concept for Pacific Kitchen & Bath and Magnolia Design Center.
In April 2012, Brian Dunn resigned as Best Buy’s CEO during an
internal company investigation into allegations of personal misconduct
stemming from an inappropriate relationship with a female Best Buy
Best Buy named Director
George L. Mikan III interim CEO
following Dunn’s resignation. The internal investigation was
released in May 2012 and alleged that
Best Buy founder and chairman
Richard Schulze knew of Dunn’s inappropriate relationship and failed
to notify the
Best Buy board. Schulze subsequently resigned his
chairmanship of the company.
Best Buy Director Hatim Tyabji
replaced Schulze as
Best Buy chairman.
Hubert Joly replaced Mikan as
Best Buy CEO in September 2012. Joly
had previously served as CEO of Carlson, a hospitality conglomerate,
since 2008. He led initiatives such as price matching, speeding up
delivery times for online purchases, establishing "store within a
store" sections for major brands such as Apple, Google,
Samsung, and giving more product training to employees.
In April 2013,
Best Buy exited the European consumer electronics
market when it sold its 50% stake in Carphone Warehouse back to the
UK-based mobile phone retailer. The sale was worth
approximately $775 million.
An increasing trend towards online shopping began to erode revenues
and profits in the 2010s. A 4% dip in sales for the June 30, 2014
quarter, marked the tenth quarter in a row where Best Buy's sales had
declined. The company, in announcing the result, said it was focusing
more on digital-media in its marketing, moving away from newspaper,
magazine, and television advertising.
On March 28, 2015,
Best Buy announced the shutdown of the Future Shop
chain in Canada; 65 of its 131 former locations were converted into
Best Buy locations, while the rest (primarily those in close proximity
to an existing Best Buy) were closed permanently.
On March 1, 2018, the company announced that it would shut down its
Best Buy Mobile stores in the United States by the end
of May, due to low revenue.
Best Buy Store in Edmonton, Alberta
Best Buy Mobile located in the Brass Mill Center, Waterbury,
Best Buy stores in the Continental U.S and Southern Canada, as
of August 2011
Salesman demonstrating the Apple iPad 2 (June 2011)
Best Buy Europe
Best Buy sells consumer electronics and a variety of related
merchandise, including software, video games, music, mobile phones,
digital cameras, car stereos and video cameras, in addition to home
appliances (washing machines, dryers, and refrigerators), in a
non-commissioned sales environment. Under the
Geek Squad brand,
Best Buy offers computer repair, warranty service, and accidental
The building exteriors of Best Buy-branded stores are typically light
brown, with the entrance designed to look like a blue box emerging
from the structure. Corporate employees operated under a results
only work environment from 2005 until March 2013, when the management
style was abandoned by
Best Buy CEO Hubert Joly.
As of October 29, 2016,
Best Buy operated 1,026 Best Buy, 331 Best Buy
Mobile stand-alone stores and 28 stand-alone
Pacific Sales stores in
Best Buy also operated: 135
Best Buy and 53 Best Buy
Mobile stand-alone stores in Canada; and 18
Best Buy stores and 5 Best
Buy Express stores in Mexico.
Best Buy exited the European market
in April 2013.
Best Buy also produces products under eight house brands:
Dynex – Discount electronic and computer equipment such as HDTVs,
Blu-ray players, storage media, data and power cables, webcams, and
RocketFish – Cables primarily used with home-theater installation
and setup as well as on computer and gaming accessories. RocketFish
Mobile includes phone cases, gel skins, clips and chargers for cell
phones, GPS, and other exclusive high-end products.
Insignia – Electronic equipment such as HDTVs, tablets, home-theater
systems, and digital imaging devices.
Modal – Used for style-oriented mobile accessories, including cases,
cables, and Bluetooth speakers.
Platinum – Highest-quality in-house brand for the company, producing
many products, such as cables, cell phone accessories, tablet
accessories, and digital imaging equipment.
Init – Storage products such as media storage, equipment bags, totes
and furniture for home theaters.
Pacific Sales – High-end appliance selection inside select Best Buy
Magnolia Home Theater – High-end home theater selection for both
audio and visual equipment, including 4K, 3D, and large televisions,
projectors, receivers, and speakers. Magnolia Home Theater is found in
Best Buy locations. Magnolia Home Theater also has a group
called the Magnolia Design Center, where custom home theater setups
can be designed and installed.
In 2000, two
Florida consumers brought a lawsuit against the company,
alleging that it engaged in fraudulent business practices related to
the sale of extended warranties (or, more accurately, service plans).
The suit claimed that store employees had misrepresented the
manufacturer's warranty in order to sell its own Product
Service/Replacement Plan and that
Best Buy had "entered into a
corporate-wide scheme to institute high-pressure sales techniques
involving the extended warranties" and that the company used
"artificial barriers to discourage consumers who purchased the
'complete extended warranties' from making legitimate claims." The
company ultimately settled for $200,000 but admitted no
Best Buy settled for $4.55 million in a class action lawsuit
filed against them in April 2010 by consumers who claimed
Best Buy was
making unsolicited phone calls in contravention of the Telephone
Consumer Protection Act.
In the second quarter of 2007,
Connecticut Attorney General Richard
Blumenthal ordered an investigation into the company's use of an
in-store website alleged to have misled customers on item sales
prices. In December 2007, the
Los Angeles Times reported on the
same issue, in which some customers claimed they thought they were
surfing the Internet version of bestbuy.com at an in-store kiosk only
to learn that the site reflected in-store prices only. In response,
company spokesperson Sue Busch indicated the in-store kiosks were not
intended for price-match purposes and rather were a means to navigate
in-store availability. Since the initial investigation, a banner was
placed on the in-store site to make its customers more aware of the
In April 2008, the U.S.
Federal Communications Commission
Federal Communications Commission (FCC) fined
the company $280,000 for not alerting customers that the analog
televisions it sold would not receive over-the-air stations after the
digital transition on June 12, 2009. The company challenged this
ruling in May 2008 by the FCC saying it was and is in compliance with
current FCC regulations pertaining to the digital transition.
Best Buy was one of several companies named in a 2007 report by
Greenpeace for purchasing raw materials or manufactured products
derived thereof from logging companies that, in the opinion of
Greenpeace, contribute to unethical deforestation of taiga in
Since that time, however, the company launched what it calls Greener
Together to increase the energy efficiency of its products as well as
reduce consumer waste through more recyclable packaging and proper
disposal of certain electronic components such as rechargeable
batteries, and empty ink cartridges.
As a way to improve its image and past environmental issues, the
company introduced a recycling program in 2009 that has since
collected nearly half-a-billion pounds of consumer electronics and
e-waste and is available at all their stores for a nominal fee. These
items are then handed over to certified recyclers in the U.S. for
proper recycling. The company's goal is to collect one billion pounds
It also has been named to the U.S. Environmental Protection Agency
top-50 list of the largest green-power purchasers. In 2011, the
company purchased nearly 119 million kilowatt-hours (kWh) of green
power – electricity generated from renewable resources, such
as wind, solar, geothermal, biogas, biomass and low-impact
^ a b "Securities and Exchange Commission Form 10-Q" (PDF). Best Buy.
December 2, 2016. Retrieved May 16, 2017.
^ a b c d e f "
Best Buy Co., Inc. FY2018 Annual Report (Form 10-K)".
sec.gov. U.S. Securities and Exchange Commission. March 2018.
Retrieved 3 April 2018.
^ a b c d e f g h "Form 10-K Best Buy". United States Securities and
Exchange Commission. Retrieved 14 January 2014.
^ "Parter Portfolio". Zoom Systems. Archived from the original on
January 15, 2011. Retrieved December 31, 2012.
^ Tatge, Mark (January 12, 2004). "Company of the Year – Fun &
Games". Forbes. Retrieved August 9, 2012.
^ "DSN Honors
Best Buy with Specialty Retailer Award". Discount Store
News (via EBSCO Host). Retrieved December 31, 2012.
^ Moyer, Liz (November 11, 2005). "Charitable Giving – The Most
Charitable Companies". Forbes. Retrieved August 9, 2012.
^ Staff. "America's Most Admired Companies 2006". Fortune (via
CNNMoney.com). Retrieved August 9, 2012.
^ Thomas Lee (19 August 2013). "A year on the job with
Best Buy CEO
Hubert Joly". Star Tribune. Retrieved January 14, 2013.
^ Bailey, Sharon (January 19, 2015). "Best Buy: The largest consumer
electronics retailer". Yahoo! Finance. Retrieved July 13, 2017.
^ "The best deals from Best Buy's 50th anniversary sale". USA Today.
2016-08-19. Retrieved 2016-08-21.
Best Buy Is Celebrating Its 50th Birthday With 50 Hours of
Discounts". Fortune. 2016-08-18. Retrieved 2016-08-21.
^ "The best deals from Best Buy's 50th anniversary sale". Kitsap Sun.
2016-08-19. Retrieved 2016-08-21.
Best Buy celebrates 50 years with 50 hours of discounts". CNBC.
2016-08-18. Retrieved 2016-08-21.
Best Buy Celebrating 50 Years With 50 Hours of Deals - News &
Opinion - PCMag.com". PC Magazine. 2016-08-18. Retrieved
Best Buy to celebrate 50th anniversary with 50-hour sale -
MarketWatch". MarketWatch. 2016-08-18. Retrieved 2016-08-21.
^ "iPhone and MacBook Pro Deals for Best Buy's 50th Anniversary - Teen
Vogue". Teen Vogue. 2016-08-18. Retrieved 2016-08-21.
Best Buy Co Inc (BBY.N) Company Profile - Reuters.com". Reuters.
^ a b c d e f g h i j Weimer, De'Ann (22 June 1998). "The Houdini of
consumer electronics. / R. M. Schulze;". Business Week.
^ a b c d Jackie Crosby (20 May 2012). "One man's force of will built
a retailing empire". Star Tribune (Mpls.-St. Paul).
^ a b c d e Pete Hisey (19 September 1994). "Richard Schulze –
specialty discounter of the year: making an impact by adopting the
features of full-line discounters. (SPARC Awards 1993: Supplier
Performance Awards by Retail Category)". Discount Store News.
^ "The origins of best buy". Music Trades. 156.8. September 2008.
^ a b "Best Buy, by the years". StarTribune. Minneapolis-St. Paul. 15
May 2012. Archived from the original on May 20, 2012.
^ a b c d e f g Gruley, Bryan; McCracken, Jeffrey; Burritt, Chris (22
October 2012). "BEST GUY?". Bloomberg Businessweek.
^ a b c d e "Retail entrepreneurs of the year: Dick Schulze. Chain
Store Age". 75 (12). Chain Store Age. December 1999.
^ a b c d e f g h i j k "International Directory of Company
Histories". 63. St. James Press. 2004.
^ a b "
Best Buy opens Concept III stores". 33 (21). Discount Store
News. November 7, 1994. p. 6.
^ "BEST BUY OPENS CONCEPT III". Consumer Electronics. October 31,
^ LAURA HELLER (26 October 1998). "Best Buy's Concept IV enters New
England". Discount Store NewsDSN.
^ Janet Moore. "A new format for
Best Buy // Concept IV focus is on
high-tech in a smaller store // Best Buy's latest store concept will
make its Twin Cities debut today at its Maplewood location. Signs will
be more readable and several store areas will feature hands-on
technology". Star-Tribune Newspaper.
^ NORA LOCKWOOD TOOHER. "New kid on the block – Electronics giant to
open stores in R.I., Mass". The Providence JournalPROV.
Best Buy Realigns Marketing Positions; Efforts Focus on Building
Area of Digital Services". PR Newswire. 5 January 2000.
^ a b "BEST BUY MAPPING OUT MUSICLAND PLANS". Audio Week.
^ LAURA HELLER. "
Best Buy acquisition rings national note". Discount
^ "Saint Paul Pioneer Press, Minn., Business Briefs Column". 6
^ Alan Wolf (12 November 2001). "
Best Buy wraps up future shop deal".
^ a b c d Sherri Cruz (25 October 2002). "
Best Buy and
Geek Squad join
forces ; Retailer to offer in-home support". Star Tribune.
^ Laura Heller (9 September 2002). "
Best Buy opens 1st unit in Canada:
corporate banner makes debut as a global brand". Discount Store
^ Mayfield, Geoff (29 November 2003). "Same-week rise continues.(Over
the Counter[TM])". Billboard.
^ "City becomes sourcing center".
Shanghai Daily. 10 October
^ Joan Harrison (1 August 2003). "Taking a haircut To Dump a Loser:
Buying high and selling low is becoming a sobering reality in the
post-buying-frenzy years". Mergers & Acquisitions: The Dealmakers
^ a b "Retail". Warren's Consumer Electronics Daily. 22 July
^ Dickinson, Casey J (January 23, 2004). "Virtucom Group helps big
retailers set sites". Business Journal
– via HighBeam (subscription required). Retrieved
January 24, 2014.
^ a b Lisa Cervini (20 December 2004). "That Was The Year That Was: A
Retail Retrospective". TWICE.
^ LAUREN FOSTER (24 November 2004). "The march of the Geek Squad:
DIFFERENTIATION: Best Buy, the US electronics retailer, takes care of
its customers after they have left the shop, writes Lauren Foster".
^ John Vomhof Jr. (24 January 2006). "
Best Buy starts to eliminate
mail-in rebates". Minneapolis/St. Paul Business Journal. Retrieved 21
^ a b "U.S. electronics retailer gets controlling stake in China's
Five Star Company". Xinhua's China Economic Information Service. 15
^ "Event Brief of Q1 2007
Office Depot Inc. Earnings Conference Call
– Final". Voxant FD (FAIR DISCLOSURE) WIRE. 26 April 2007.
^ "Best Buy's
Shanghai Store Opens for Business". SinoCast China
Business Daily News (Abstracts). 29 January 2007.
^ a b c John Laposky (9 April 2007). "
Best Buy Buys Speakeasy To Buoy
Small-Business Services". TWICE.
^ Desiree J. Hanford (28 March 2007). "FedEx Kinko's Makes Changes To
Improve Rev, Package Volume". Of DOW JONES NEWSWIRES.
Best Buy ends sales of analog TVs". NBC News. Retrieved 21 January
^ Yalixa Rivera Cruz (11 January 2008). "Variedad tecnológica". El
^ Nicole Maestri (4 March 2008). "
Office Depot introducing new tech
^ Antone Gonsalves. "
Best Buy To Recommend Blu-ray Hi-Def Video".
Information Week. Retrieved 21 January 2014.
^ Ben Cooper; Amy Shields (18 July 2008). "
Best Buy closes in on first
stores as UK arrival nears". Retail Week.
^ a b Jackie Crosby (26 June 2008). "
Best Buy plans to double sales by
2013". Star Tribune.
^ ASHLEY M. HEHER (27 July 2008). "
Best Buy to open in-store music
centers". AP Business Writer.
^ Scott Campbell. "
Best Buy Begins Sales Of Apple's 3G iPhone". CRN.
Retrieved 21 January 2013.
^ YINKA ADEGOKE. "
Best Buy to buy Napster for $121 million". Reuters.
Retrieved 21 January 2014.
^ MARIA GALLUCCI (5 December 2008). "
Best Buy arrives in Mexico with
opening of its second-largest store worldwide".
^ a b c Miguel Bustillo (12 February 2009). "Big-Box Retailer Goes
Best Buy Expands With Mobile-Phone Shops in Malls". The Wall
^ a b JACKIE CROSBY (25 June 2009). "At Best Buy, a change at the
top ; In the past year,
Best Buy has seen falling profits,
layoffs and competition from retailers such as Amazon and Wal-Mart as
it works its way through the recession". Star-Tribune.
^ a b c "Best Buy's Dunn Leaves Mixed Legacy". TWICE. 23 April
^ JACKIE CROSBY. "
Best Buy to offer movie downloads". Star Tribune.
Retrieved 21 January 2014.
^ Richard Smirke (27 April 2010). "
Best Buy Unveils First U.K. Store".
^ a b c d Miguel Bustillo; Kathy Gordon (8 November 2011). "Best Buy
Leaves U.K., Reboots Phone Venture". The Wall Street Journal
Best Buy closes China outlets, poor grasp of local market blamed".
Xinhua News Agency. 28 February 2011.
^ Josh Gingold. "
Best Buy boldly leaping into managed IT services for
small business". Zdnet. Retrieved 21 January 2014.
^ Reisinger, Don (March 24, 2011). "
Best Buy Revenue, Earnings Slip in
4th Quarter – During the Three-Month Span That Included the Prime
Holiday Sales Period, the Consumer Electronics Retailer Took Its
Biggest Hit in Entertainment Hardware and Software". CNET. Retrieved
August 9, 2012.
^ a b c d e Ed Stych. "Report: Dunn resigned as
Best Buy CEO amid
investigation over possible personal misconduct". Minneapolis/St. Paul
Business Journal. Retrieved 21 January 2014.
^ a b KIM BHASIN. "
Best Buy Is Bringing In A Master Turnaround
Artist". Business Insider. Retrieved 21 January 2014.
^ "Why the grim reaper of retail hasn't come to claim Best Buy". July
17, 2017. Retrieved July 28, 2017.
^ a b c ANN ZIMMERMAN. "
Best Buy Sells Europe Business Back to
Carphone Warehouse". Wall Street Journal. Retrieved 21 January
^ a b c Chris Burritt; Sarah Shannon. "
Best Buy Exits Europe With
Stake Sale to Carphone Warehouse". Bloomberg News. Retrieved 21
Best Buy looks to new products to push sales". Minneapolis
News.Net. 26 August 2014. Retrieved 28 August 2014.
Future Shop shutters Canadian stores, will re-brand as Best Buy".
The Globe and Mail. 28 March 2015. Retrieved 28 March 2015.
Best Buy is closing all 250 of its mobile stores in the US". The
Verge. Retrieved 2018-03-01.
^ Best Buy. Encyclopedia of Business in Today's World, Volume 1.
Retrieved 21 January 2014.
^ THOMAS LEE. "
Best Buy ends flexible work program for its corporate
employees". Star Tribune. Retrieved 21 January 2014.
^ HUBERT JOLY. "
Best Buy CEO on leadership: A comment I made was
misconstrued". Star Tribune. Retrieved 21 January 2014.
^ John H. Beisner and Jessian Davidson Miller (September 2001).
"They're Making a Federal Case out of It ... In State Court". Center
for Legal Policy at the Manhattan Institute for Policy Research. Civil
Justice Report. Archived from the original on July 22, 2005. Retrieved
August 8, 2012.
^ "UPDATE 2-
Best Buy settles class-action bias lawsuit". Reuters. June
17, 2011. Retrieved August 6, 2015.
Best Buy agrees to $4.55 million settlement in TCPA class action".
Legal Newsline. June 17, 2014. Retrieved August 6, 2015.
^ Staff (May 27, 2007). "
Best Buy Accused of Overcharging In-Store
Associated Press (via CNBC). Retrieved August 8,
^ Lazarus, David (December 23, 2007). "
Best Buy Kiosks Not Connected
Los Angeles Times. Retrieved August 8, 2012.
^ Puzzanghera, Jim (April 11, 2008). "Retailers Fined over Digital TV
– Consumers Are Being Deceived About the Upcoming Demise of Analog,
the FCC Says".
Los Angeles Times. Archived from the original on April
15, 2008. Retrieved August 8, 2012.
^ Ogg, Erica (May 19, 2008). "
Best Buy challenges FCC over analog TV
sales penalty". CNET. Retrieved August 6, 2015.
^ Green Peace (August 20, 2007). "Companies Revealed To Be Purchasing
Forest Destruction – Three Logging Firms Responsible for Majority of
Destruction of Boreal Forest" (Press release). Greenpeace. Archived
from the original on October 21, 2007. Retrieved August 8, 2012.
^ Jennifer Berry (January 26, 2009). "
Best Buy To Launch E-cycling at
All Locations". Retrieved January 1, 2013.
^ Aston, Adam (April 24, 2012). "How
Best Buy Makes Money Recycling
America's Electronics". GreenBiz. Retrieved August 8, 2012.
Best Buy Recognized Among Nation's Green Powered
Organizations by U.S. EPA –
Best Buy Reduces Carbon Emissions
Through Renewable Energy Alternativaes" (Press release).
Best Buy (via
Reuters Investor Relation Services). May 11, 2012. Retrieved
August 8, 2012.
Roose, Kevin (September 18, 2017). "Best Buy's Secrets for Thriving in
the Amazon Age". The New York Times. ISSN 0362-4331.
Wikimedia Commons has media related to Best Buy.
Business data for Best Buy:
Fortune 500 Corporations (by revenue)
C. H. Robinson Worldwide
Thrivent Financial for Lutherans
St. Jude Medical
Other public companies
Securian Financial Group
Federated Mutual Insurance Company
MTS Systems Corporation
Major non-public corporations (alphabetically)
Schwan Food Company
Securian Financial Group
List of companies based in Minneapolis–Saint Paul
Companies based in the
Metro Vancouver area
Advanced Cyclotron Systems
Army & Navy Stores
Ballard Power Systems
British Columbia Society for the Prevention of Cruelty to Animals
Best Buy Canada
Black Box Games
British Columbia Maritime Employers' Association
Cactus Club Cafe
Canada Wide Media
Canucks Sports & Entertainment
Carl's Jr. Canada
Central 1 Credit Union
Central Heat Distribution
Citizens Bank of Canada
Coast Capital Savings
Coast Mountain Bus Company
CTBC Bank (Canada)
Dollar Tree Canada
First Quantum Minerals
Great Northern Way Campus
Gulf and Fraser Fishermen's Credit Union
HSBC Bank Canada
Ivanhoe Mines Limited
Jet Black Games
Jim Pattison Group
Justason Market Intelligence
Kin's Farm Market
Lush North America
McLean Group of Companies
Modo Car Co-Op
Mountain Equipment Co-op
Nevada Geothermal Power
Next Level Games
Nintendo of Canada
Premium Brands Holdings Corporation
Ricky's All Day Grill
Ritchie Bros. Auctioneers
Silver Standard Resources
Slant Six Games
Sustainable Produce Urban Delivery
T & T Supermarket
United Front Games
Vancouver Film Studios
Vancouver Orphan Kitten Rescue Association
Vantage Airport Group
West Fraser Timber
West Coast Air
Video rental shops
Brick and mortar
Culture Convenience Club
Le SuperClub Vidéotron
Google Play Movies
Movies & TV
Defunct video rental chains
still exists as franchise
West Coast Video
Former video rental chains
Playdium Movie Magic