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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.
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Richard Michael Schulze (born March 25, 1941) [1] is an American billionaire businessman. He is the founder of Best Buy and was chairman and CEO. On the Forbes 2016 list of the world's billionaires, he was ranked number 722 with a net worth of US$ 2.4 billion. [2]
Despite constant attempts by analysts and the media to complicate the basics of investing, there are only three ways a stock can create value for shareholders: Dividends. Earnings growth. Changes ...
In 1973, Anderson joined Sound of Music, a small chain of stereo stores that was the precursor to Best Buy, as a commissioned salesman. Best Buy's founder, Richard Schulze, named him vice president in 1981. In subsequent years, Schulze and Anderson turned the chain from a commission-driven store to a discount store, warehouse-style format.
Best Buy Europe. Best Buy store in Westfield Merry Hill, West Midlands, UK. Best Buy Europe Distributions Ltd. was a retail joint venture owned by the United States based electronics retailer Best Buy Inc and United Kingdom based mobile phone retailer Carphone Warehouse. The company was formed by Best Buy's purchase of 50% of The Carphone ...
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History Pacific Sales was founded in 1960 by Jerry Turpanjian. [2] [5] When Pacific sales was purchased by Best Buy in 2006, the decision was made to keep the brand and company intact, unlike other companies such as Magnolia, which was absorbed into the Best Buy brand.
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