Best Buy

Overview

Best Buy Co., Inc. is a prominent multinational retailer based in Richfield, Minnesota, specializing in consumer electronics, home office products, appliances, and entertainment items. Founded in 1966, the company initially started as "Sound of Music" before rebranding to Best Buy in 1983, shifting to a superstore model that emphasizes low prices and a diverse product range.

The company operates through two main segments: Domestic, which covers U.S. operations, and International, with a presence in Canada, Europe, China, Mexico, and Turkey. It offers a wide array of products, including computers, smartphones, televisions, and home appliances, as well as tech support and installation services through the Geek Squad brand. Best Buy targets a diverse customer base and employs an omnichannel approach to meet the needs of shoppers both in-store and online.

Basic Information

Industry	retail
Founded	1966
Revenue	41.4B
Headquarters	7601 Penn Avenue South, Richfield, Minnesota, 55423, United States
Languages	English
Alexa Ranking	447

Contact Details

Key Focus Areas & Initiatives

technology
retail
accounting
ecommerce
e-commerce
curated web
shopping
consumer internet
internet
information technology
consumer electronics/video chains
consumer discretionary
health technology
health tech
refurbished tech gadgets
digital innovation
appliance delivery
refurbished tech sales
retail services
refurbished electronics store
refurbished tech discounts
store network
smart home
refurbished tech marketplace
appliance sales
open-box deals
refurbished cameras
refurbished apple products
customer experience
geek squad
home theater
gaming accessories
strategic evolution
market presence
mobile device accessories
installation services
open-box major appliances
refurbished home appliances
strategic initiatives
product assortment
technology solutions
refurbished gaming consoles
mobile accessories
refurbished electronics offers
open-box items
services
refurbished products
sales and support
refurbished electronics
market growth
refurbished electronics online
home entertainment
customer loyalty
refurbished laptops
refurbished tablets
gaming products
refurbished tech accessories
technical support
e-commerce platform
refurbished electronics deals
product categories
digital strategy
refurbished smartwatches
market leader
refurbished phones
product protection
market share
retail innovation
consumer electronics
sales channels
warranty plans
smart home devices
retail transformation
refurbished drones
membership program
refurbished noise-cancelling headphones
omnichannel retail
refurbished product warranties
delivery services
membership benefits
product repair
online shopping
digital transformation
customer support
b2c
customer service
appliances
electronics
telecommunications
financial services
consumers
information technology & services
internet of things
marketing
marketing & advertising
hardware
computer hardware
computers
home & garden
it services & computer repair
local services
mobile phones

Technologies Used

AWS SDK for JavaScript
Akamai
Akamai DNS
Backbone JS Library
Drupal
Ensighten
Kaltura
Mapbox
Microsoft Application Insights
Microsoft Office 365
MongoDB
Outlook
React Redux
UPS
UserZoom

Affiliated Organizations & Regional Branches

Yardbird
FUTURE SHOP LIMITED
Current Health
FiveStar Range
GreatCall, Inc.
Geek Squad
Magnolia Audio Video
Best Buy Canada
Lively
Best Buy Business
Best Buy Health
Magnolia Design Center - Magnolia AV
Geeksquad
LIVELY & HARDESTY
Best Buy Ads

Best Buy | Company Profile