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Pacific Sales was founded in 1960 by Jerry Turpanjian. [2] [5] When Pacific sales was purchased by Best Buy in 2006, the decision was made to keep the brand and company intact, unlike other companies such as Magnolia, which was absorbed into the Best Buy brand.
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.
2005 – Converted three CompUSA stores and 13 Good Guys stores into megastores. Closed all 46 Good Guys locations. Began marketing in California and Hawaii as "CompUSA with Good Guys Inside" in response to Best Buy's marketing campaign "with Magnolia Inside". 2005 – CompUSA started a customer loyalty program called The CompUSA Network.
Timeline of former nameplates merging into Macy's. Many United States department store chains and local department stores, some with long and proud histories, went out of business or lost their identities between 1986 and 2006 as the result of a complex series of corporate mergers and acquisitions that involved Federated Department Stores and The May Department Stores Company with many stores ...
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This image or media file is available on the Wikimedia Commons as File:Magnolia (Best Buy, logo).svg, where categories and captions may be viewed. While the license of this file may be compliant with the Wikimedia Commons, an editor has requested that the local copy be kept too.