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Best Buy Co., Inc. Type Public Industry Retail Founded 1966 as Sound of Music 1983 as Best Buy Headquarters Richfield, Minnesota, U.S. Key people David Morin, Founder Brad Anderson, Vice Chairman Brian J. Dunn, CEO Products Consumer electronics Revenue US$ 45.015 billion (2008) Operating income US$ 1.759 billion (2008)
Net income US$ 1.003 billion (2008) Total assets US$ 15.826 billion (2008) Total equity US$ 4.643 billion (financials for fiscal 2008) (2008) Employees 155,000 (2009) Subsidiaries Future Shop Geek Squad Magnolia Napster Speakeasy Website bestbuy.com
Best Buy is sometimes called the “big blue box” because of the prominent design on Best Buy stores. This store # 1488 is located in North Haven, Connecticut. Best Buy Co., Inc. (NYSE:Â BBY) is a specialty retailer of consumer electronics in the United States and Canada accounting for 19% of the market. It also operates in Mexico, China, and Turkey. The company’s subsidiaries include Geek Squad, 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 Mexico, and Turkey.The company’s corporate headquarters are located in Richfield, Minnesota.