Best Buy

Best Buy is an American consumer electronics retailer that has its headquarters in Richfield, Minnesota. Originally, the company began in 1966, but is kept up with the changing electronics over time and is now become the place to find the latest in consumer electronics; especially those priced and marketed for middle-class households. At last count in February 2018, Best Buy employed over 125,000 people. There are various employment opportunities at Best Buy, including installer jobs, technician jobs, computer repair positions, A/V experts, store leadership, Accounts Receivable, sales associates, administrative assistants, mobile masters (particularly for Apple products), and loss prevention just to name a few.

Best Buy began on August 28, 1966, when Richard M. Schulze, along with a business partner, opened an electronic store that specialized in hi-fi stereos in St. Paul, Minnesota. Schulze had started the company with his personal savings as well as a loan that he secured with a second mortgage on his house. Sound of Music, which was the name of that first store, earned more than $1 million in revenue the first year. The profit margin was small, but in 1969, Schulze bought his business partner out and took the company public. Today the company specializes in midrange consumer electronics including televisions, mobile phones, tablets, smart home systems, laptops, desktops, and more.

As of 2016, Best Buy had over 1000 stores located across the United States and in some parts of the world. Best Buy had entered the European market, but left in 2013. The only international stores that they have right now are in Canada and Mexico. In 2017, Best Buy reported revenue of $43.17 billion with revenue per share at $150.19. They also showed quarterly revenue growth of 4.9 percent.