Best Buy is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota. It operates in the United States, Puerto Rico, Mexico, Canada, and China.
The company was founded by Richard M. Schulze and Gary Smoliak in 1966 as an audio specialty store. In 1983, it was renamed and rebranded with more emphasis placed on consumer electronics.
Best Buy operates under a multi-channel strategy whereby the company sells its products through physical stores, online stores, and mobile apps. As of February 3, 2018, Best Buy operated 1,162 large-format stores across the United States.
The company also operated 566 Best Buy Mobile stand-alone stores in the United States. Best Buy plans to open 100 new Best Buy Mobile stores in the United States by the end of fiscal year 2018.
In May 2018, it was announced that Best Buy would close all 250 of its small-format mobile stores in the United States by May 31. This move was made in order to focus on its large-format stores and its online and mobile platforms. As of July 2018, Best Buy has 1,012 large-format stores and 466 Best Buy Mobile stores in operation in the United States.
Conclusion:
As of July 2018, there are 1,012 Best Buy stores remaining in operation in the United States.
