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How did Best Buy get started?

Updated: 10/3/2023
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Wiki User

13y ago

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"Era 1 -- Humble Beginnings Milestone: The Journey Begins 1966 -- Richard Schulze and business partner open The Sound of Music store in St. Paul, Minnesota.

1967 -- Kencraft Hi-Fi Company and Bergo Company acquired; second and third Sound of Music stores are opened near the University of Minnesota and in downtown Minneapolis.

1967 -- Sound of Music ends first year with gross sales of $173,000.

1969 -- Sound of Music stock first traded over the counter as publicly- held company; company enacts first employee stock option plan; three stores opened in the Twin Cities area.

1970 -- Sound of Music hits the $1 million mark in annual revenues. "

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13y ago
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Wiki User

14y ago

The company Best Buy? NYSE:BBY? Well, it started with Richard M. Schulze and business partner James Wheeler who opened "The Sound of Music" in 1966 and they later changed the name to Best Buy Co., Inc., in 1983. You can find this information on the website itself, www.bestbuy.com or wiki for more info. hope that helped!

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Tejash Patel

Lvl 2
1y ago

Best Buy is a multinational retailer of technology and entertainment products and services. It was founded in 1966 by Richard M. Schulze and James Wheeler as an audio specialty store called Sound of Music. The company changed its name to Best Buy in 1983 and expanded its product offerings to include a wider range of electronics and technology products.

Best Buy has grown significantly since its founding and now operates stores in North America, Europe, and Asia. The company is known for its wide selection of products and its competitive pricing, and it has become a major player in the retail industry. Best Buy has also made a push into online retail in recent years and now offers a range of products and services through its website and mobile app.

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17y ago

Originally founded in 1966 by Richard Schulze as the name "Sound of Music." In 1983 the company changed the name to "Best Buy Co."

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Wiki User

10y ago

The 'Best Buy' company has been operating for 47 years having been founded in 1966. They started in Minnesota but now have locations all over the United States and some in other countries.

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12y ago

1983

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