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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.
On March 25, 2013, Best Buy Co. Inc. announced that Schulze would rejoin the company that he founded with a new title: chairman emeritus. The Richfield, Minnesota-based retailer also announced that two former executives, Brad Anderson and Al Lenzmeier, will serve as Schulze's representatives on the board of directors.
In 1973, Anderson joined Sound of Music, a small chain of stereo stores that was the precursor to Best Buy, as a commissioned salesman. [3] [4] Best Buy's founder, Richard Schulze, named him vice president in 1981. [3] In subsequent years, Schulze and Anderson turned the chain from a commission-driven store to a discount store, warehouse-style ...
Just as quickly as he jumped into the fray, Best Buy founder Richard Schulze is out of the bidding war. The company announced Schulze's appointment as chairman emeritus on Monday, and said that he ...
Shares of Best Buy (BBY) soared 13% on Monday after founder Richard Schulze sent a letter to the retailer's board requesting permission to explore a buyout of the company. Schulze's plan to take ...
By Jessica Wohl and Phil Wahba Best Buy (BBY) founder Richard Schulze said on Thursday he is exploring all options for his 20.1% stake in the electronics retailer, leading him to immediately ...
Geek Squad, Inc. is a subsidiary of American and Canadian multinational consumer electronics corporation Best Buy, headquartered in Richfield, Minnesota.The subsidiary was originally an independent company founded by "Chief Inspector" Robert Stephens on June 16, 1994, and offers various computer-related services and accessories for residential and commercial clients.
Best Buy Co. Inc. (NYSE: BBY) founder and CEO Richard Schulze continues to push his case to take Best Buy private. "You can easily test how real my proposal is by granting me permission to form a ...