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’s China business is operated under the name Five Star. The company also operated in Europe until 2012 when it sold its assets to Carphone Warehouse.
Best Buy sells cellular phones from Verizon Wireless, AT&T Mobility, Sprint Corporation, Boost Mobile, and Virgin Mobile. It also sells iPods, iPads, Blu-ray players, HDTVs, home theater systems, digital cameras, cell phones and service plans.
In the early 2000s, Best Buy began expanding into new retail formats including Best Buy Mobile stores and Best Buy Express airport kiosks.
Best Buy is the largest specialty retailer in the United States consumer electronics retail industry. As of November 13, 2016 they operate 1,831 stores in the United States.
What is Best Buy best known for?
Best Buy is best known for selling consumer electronics. The company has a wide range of products that include iPods, iPads, Blu-ray players, HDTVs, home theater systems, digital cameras, and cell phones.
