05-09-2022
Best Buy Co. Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota. Originally founded by Richard M. Schulze and James Wheeler in 1966 as an audio specialty store called Sound of Music, it was rebranded under its current name with an emphasis on consumer electronics in 1983. Best Buy was named "Company of the Year" by Forbes magazine in 2004,[4] "Specialty Retailer of the Decade" by Discount Store News in 2001,[5] ranked in the Top 10 of "America's Most Generous Corporations" by Forbes in 2005 (based on 2004 giving),[6] made Fortune magazine's list of "Most Admired Companies" in 2006,[7] and "The Most Sustainable Company in the United States" by Barron's in 2019.