Best Buy

Best Buy Co., Inc. is a multinational consumer electronics retailer headquartered in Richfield, Minnesota. It operates in the United States, Canada, and Mexico. The company's stores offer a wide range of consumer electronics, including televisions, computers, mobile phones, appliances, and entertainment products. Best Buy also provides services such as product installation, repair, and tech support, often through its Geek Squad brand.

Founded by Richard M. Schulze and James Wheeler in 1966 as Sound of Music, an audio specialty store, the company rebranded as Best Buy in 1983 to reflect its expanded product offerings and focus on a wider range of consumer electronics. The Best Buy business model emphasizes a combination of physical stores and online retail, providing customers with various shopping options.

Best Buy has faced significant competition from online retailers such as Amazon and has adapted its strategies to maintain its market position. These strategies include price matching, enhancing the in-store experience, and expanding its online presence. The company is publicly traded on the New York Stock Exchange under the ticker symbol BBY.