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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.
Richfield is home to the corporate campus of Best Buy Best Buy Company, Inc. moved its corporate headquarters to Richfield in 2003, becoming its largest employer. [ 21 ] Public subsidies of almost $60 million were spent to attract the corporate campus including spending $48 million to purchase and demolish over 100 homes and 3 car dealerships ...
companies in Minnesota according to revenues with state and U.S. rankings ... rank 1: UnitedHealth Group: 5 2: Target Corporation: 30 3: Best Buy: 66 4: 3M: 96 5: CHS ...
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Geek Squad, Inc. is a subsidiary of American and Canadian multinational consumer electronics corporation Best Buy, headquartered in Richfield, Minnesota.The subsidiary was originally an independent company founded by "Chief Inspector" Robert Stephens on June 16, 1994, and offers various computer-related services and accessories for residential and commercial clients.
The Musicland Group was purchased by Best Buy in 2001. Control Data Corporation was a supercomputer firm which broke up into Control Data Systems and Control Data Corporation (CDC). CDC currently operates as Ceridian. Jasc Software was a software company in Eden Prairie which was founded by the creator of Paint Shop Pro.
Hubert Joly (born 11 August 1959) is a businessman and Harvard Business School faculty member [2] who formerly served as chairman and CEO of Best Buy.He is also the former president, CEO and director of Carlson, a global hospitality and travel conglomerate based in Minneapolis, Minnesota, US.
The sale was a hit, and he renamed the chain Best Buy and shifted the model to a superstore format with 18,000-sq-ft stores, everyday low prices, and a heavy advertising budget. [ citation needed ] The format was very popular and thanks to increased demand for consumer electronics (especially with the advent of VCRs ), the chain grew to 40 ...