Best Buy is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota. It was originally 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 the Best Buy, Magnolia, and Pacific Kitchen & Home banners in the United States; under the Best Buy Mobile, Geek Squad, Magnolia Audio Video, and Pacific Sales banners in Canada; and under the Five Star brand in China. As of February 3, 2018, Best Buy operated 1,752 stores across the United States.
The company’s beginnings can be traced back to 1966, when Richard M. Schulze and Gary Smoliak opened an audio specialty store called Sound of Music in Saint Paul, Minnesota. In 1983, the company was renamed and rebranded with more emphasis placed on consumer electronics.
Under the leadership of Hubert Joly, Best Buy has embarked on a turnaround strategy that includes a renewed focus on customer service, investments in its online and mobile platforms, and cost-cutting measures.
In July 2018, Best Buy announced that it would close all 250 of its small-format mobile phone stores in the United States by May 2019. The company stated that the move was part of its ongoing efforts to optimize its physical footprint and invest more heavily in its online and mobile platforms.
What is Best Buy starting pay?
Best Buy starting pay is $11 per hour.
