Hgvgvycvhucuvkbjubv Essay

571 WordsMay 26, 20133 Pages
nb hj vuhuf8ugivouygp8ugp8yg8iukjhiuyiuhg8i uuguuhuh9uh9uhiuhuhiuh9uh9uhuh9uh9h ibiuhiuhiu hbibiubiubibibibibiuybuuybiBest Buy Co., Inc. is an American multinational consumer electronics corporation headquartered in Richfield, Minnesota. It also operates in Puerto Rico, Mexico, Canada and China.[5] The company was founded by Richard M. Schulze and Gary Smoliak in 1966 as an audio specialty store; in 1983, it was renamed and rebranded with more emphasis placed on consumer electronics. Best Buy's subsidiaries include CinemaNow, Geek Squad, Magnolia Audio Video, Pacific Sales, Cowboom, and in Canada operates under both the Best Buy and Future Shop labels. Together, they operate over 1,150 stores[6] in addition to over 100 Best Buy Express automated retail stores or "ZoomShops", operated by Zoom Systems, in airports and malls around the U.S.[7] Best Buy also sells cellular phones with phones from Verizon Wireless, AT&T Wireless, Sprint PCS, Boost Mobile, and T-Mobile.,[8] in regular stores and standalone Best Buy Mobile stores in shopping malls. Best Buy was named "Company of the Year" by Forbes magazine in 2004,[9] "Specialty Retailer of the Decade" by Discount Store News in 2001,[10]ranked in the Top 10 of "America's Most Generous Corporations" by Forbes in 2005 (based on 2004 giving),[11] and made Fortune magazine's List of Most Admired Companies in 2006. In 1966, Richard M. Schulze and his business partner Gary Smoliak[13] opened Sound of Music, an audio specialty store, in West Saint Paul, Minnesota;[14][15] two additional locations were later opened near the University of Minnesota and in downtown Minneapolis. In 1967, Sound of Music acquired Kencraft Hi-Fi Company and Bergo Company, and ended its first year with gross sales of $173,000 (USD). In 1969, its stock began trading as a publicly held company, and enacted its first employee stock-option plan. Three

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