Best Buy is a leading retailer of consumer electronics, personal computers, entertainment software and appliances. The company has more than 1,000 stores in the United States and Canada, and also operates an online store. Best Buy is headquartered in Richfield, Minnesota.
The company was founded in 1966 by Richard M. Schulze and Gary Smoliak as an audio specialty store called Sound of Music. In 1983, Schulze and Smoliak sold the company to a group of investors led by Brad Anderson. Anderson transformed Best Buy from a regional retailer to a national chain, and oversaw its expansion into Canada in 1984.
Best Buy has been recognized as one of the most innovative companies in America. In 1999, the company was named “Company of the Year” by Forbes magazine, and in 2005 it was ranked #1 on Fast Company’s list of “The 10 Most Innovative Companies in Retail.”
Yes, Best Buy has a corporate office located in Richfield, Minnesota.
