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.
Best Buy 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.
Today, Best Buy is the largest specialty retailer in the United States consumer electronics industry, with 1,431 stores as of February 3, 2018. The company also operates Best Buy Mobile and Geek Squad. Best Buy sells cellular phones from Verizon Wireless, AT&T Mobility, Sprint Corporation, Boost Mobile, Virgin Mobile USA, and Cricket Wireless.
Best Buy has been ranked No. 58 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.
Is Best Buy Only in America?
No, Best Buy is not only in America. The company also operates in Puerto Rico, Mexico, Canada, and China.