Mekiepcom

Best Buy Co., Inc.
TypePublic (NYSE: BBY)
Founded1966
Headquarters Richfield, Minnesota
Key peopleRichard M. Schulze, Founder & Chairman
Brad Anderson, Vice Chairman
Brian J. Dunn, CEO
IndustryRetail
ProductsConsumer electronics
Revenue▲ US$ 40.023 billion
Operating income▲ US$ 2.161 billion
Net income▲ US$ 1.407 billion
Total assets▼ US$ 12.758 billion
Total equity▼ US$ 4. 484 billion
(financials for fiscal 2007)
Employees150,000 (2008)
Websitehttp://www.bestbuy. Mekiepcom com

Best Buy Co., Inc. (NYSE: BBY) is a Fortune 500 company and the largest specialty retailer of consumer electronics in the United States accounting for 21% of the market. Mekiepcom It also operates in Canada, Mexico, and China. The company's subsidiaries include Geek Squad, Magnolia Audio Video, Pacific Sales, and, in Canada the Best Buy Canada subsidiary operates most stores under the Future Shop label. Together these operate more than 1,150 stores in the United States, Puerto Rico, Canada, China, Mexico and Turkey. The company's corporate headquarters are located in Richfield, Minnesota, USA. On June 26, 2007, Best Buy announced a 40% increase in its operations, with plans to operate more than 1,800 stores worldwide, including 1,400 Best Buy stores in the U.S.

With the recent 50% acquisition of UK-based mobile phone operation The Carphone Warehouse's retail division, Best Buy announced that it would open branded superstores in the UK and other European countries. Best Buy will first open stores in the UK around the middle of 2009, with plans for up to 200 stores eventually; it is also considering purchasing UK rivals Kesa Electricals (owner of Comet), DSG International (owner of Currys), or both. It is unknown whether these stores will rebrand if acquired by Best Buy. Best Buy is yet to reveal the location of the stores in UK. In total 20 locations are planned for 2009 which will all be big box format, however the company is looking for a flagship store in Central London in a prominent area such as Piccadilly Circus, Oxford Street or Regent Street. See Best Buy UK

Best Buy was named "Company of the Year" by Forbes magazine in 2004, "Specialty Retailer of the Decade" by Discount Store News in 2001, ranked in the Top 10 of "America's Most Generous Corporations" by Forbes magazine, and made Fortune Magazine's List of Most Admired Companies in 2006.

On March 9, 2009, Best Buy became the only Electronic Retail Store (online & bricks and mortar) in the Eastern United States, after smaller rival Circuit City went out of business. Best Buy continues to compete with Fry's Electronics in the Western United States.