BEST BUY CO INC
Best Buy Co., Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota. Originally founded by Richard M. Schulze and James Wheeler in 1966 as an audio specialty store called Sound of Music, it was rebranded under its current name with an emphasis on consumer electronics in 1983.
Basic company information
Each field links to its source. Financial figures retain their reporting periods; background references are identified in the source list.
- Business sectors
- retail [1]
- Company / filing name
- BEST BUY CO INC [2]
- Headquarters location
- Richfield [1]
- Founded
- 1966-08-22 [1]
- Leadership in background record
- Hubert Joly [1]
- Founders
- Richard M. Schulze [1]
- Official website
- https://www.bestbuy.ca; https://www.bestbuy.com/; https://www.pacificsales.com [1]
- Annual revenue
- USD 46,298,000,000 · reported year 2022 [1]
- ISIN (reported securities)
- US0865161014 [1]
- CIK
- 764478 [2]
- Country in background record
- United States [1]
- Symbols / exchanges
- BBY (NYSE) [2]
Company positioning and business
Best Buy Co., Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota. Originally founded by Richard M. Schulze and James Wheeler in 1966 as an audio specialty store called Sound of Music, it was rebranded under its current name with an emphasis on consumer electronics in 1983. [3]
Best Buy operates internationally in Canada, and formerly operated in China until February 2011 (when the faction was merged with Five Star) and in Mexico until December 2020 (due to the effects of the COVID-19 pandemic). The company also operated in Europe until 2012. Its subsidiaries include Geek Squad, Magnolia Audio Video, and Pacific Sales. Best Buy also operates the Best Buy Mobile and Insignia brands in North America, plus Five Star in China. Best Buy sells cellular phones from Verizon Wireless, AT&T Mobility, T-Mobile, Boost Mobile and Ting Mobile in the United States. In Canada, carriers include Bell Mobility, Rogers Wireless, Telus Mobility, their fighter brands, and competing smaller carriers, such as SaskTel. [3]
According to Yahoo! Finance, Best Buy is the largest specialty retailer in the United States consumer electronics retail industry. The company ranked number 72 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. [3]
Background text: Wikipedia contributors, Best Buy. Selected introductory paragraphs, licensed under CC BY-SA 4.0. Official filing data is cited separately.
Management and corporate governance
The Wikidata background record identifies Hubert Joly in the chief-executive role. This background entry is not an official confirmation of the current board or executive roster. [1]
Understanding company scale
Annual revenue: USD 46,298,000,000 · reported year 2022. [1]
Financial year, securities and disclosures
Listed securities: BBY (NYSE). Multiple symbols may represent different share classes or securities of the same registrant. [2]
History and key events
Founding / inception date recorded in Wikidata. [1]
Financial results and regulatory disclosures
No individual financial documents have been indexed yet. Open the source to consult company disclosures. [2]
Related entities and concepts
Frequently asked questions
When was BEST BUY CO INC founded?
Founded: 1966-08-22. The linked source provides the background record. [1]
Where is the headquarters of BEST BUY CO INC?
Headquarters location: Richfield. The linked source provides the background record. [1]
Which business sectors are recorded for BEST BUY CO INC?
Business sectors: retail. The linked source provides the background record. [1]
Sources and review dates
- Wikidata — company background record (CC0) ↗
- Company identity and profile data ↗
- Wikipedia contributors — Best Buy (CC BY-SA 4.0) ↗
Reviewed 23 October 2026. Financial periods and historical event dates are shown separately. Figures reflect their stated source dates; this page is not a live quote or investment recommendation.