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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.
Industry: Electronics/Home Appliance Headquarters: Richfield, Minn. CEO: Brian Dunn Best Buy is the largest electronics retailer in the United States. The company currently employs somewhere ...
Ohmes maintains a cautious stance on Best Buy ahead of its fiscal third-quarter 2025 earnings report, scheduled for November 26. ... For 2025, the analyst anticipates fewer opportunities for ...
Many of these jobs do not require much training and some are performed remotely, accommodating the retirement lifestyle of seniors. According to the senior advocacy group AARP , 26% of U.S. adults ...
In late 1988, Circuit City had an opportunity to purchase Best Buy, a growing competitor at the time, for US$30 million (~$66.7 million in 2023). The offer was rejected by Richard Sharp, Circuit City's CEO, since he believed they could open a store in Best Buy's home territory of Minneapolis and easily beat the competitor. [19]
Dunn's mother, Ethel, was an accountant at Best Buy. [2] In 1989, Dunn became a store manager and in 1990 a district manager in Minnesota. He was promoted to regional manager for Ohio, Indianapolis and Philadelphia stores in 1996, and in May, 1998, rose to regional vice president of the northeastern region, leading Best Buy’s entry into that ...