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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.
[9] [10] Schulze is a trustee and chair of the Richard M. Schulze Family Foundation (RMSFF), [11] which he founded after stepping down as CEO of Best Buy in 2002. [ 12 ] [ 13 ] Based in Minneapolis, the foundation focuses on education, health, human services, and medicine, in Minnesota and Florida. [ 14 ]
Micro Center was founded in Columbus, Ohio in 1979 by John Baker and Bill Bayne, two former Radio Shack employees, with a $35,000 investment. [2] [8] Rick Mershad is the current CEO and President of Micro Center. Mershad was one of the first 10 employees of the company, starting as a Sales Associate two years after the company's founding. [9]
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Best Buy stands to rake in a huge amount of sales because of the sudden demise of regional electronics retailer Fry's Electronics, estimates one Wall Street analyst.
The original Target retail store was co founded by John Geisse and Douglas Dayton, the CEO of the Dayton corporation at that time. The Dayton corporation, now known as the Target Corporation, was the company John Geisse worked for when he founded the Target stores and was founded in Minneapolis by businessman George Dayton in 1902, and ...
Dunn's mother, Ethel, was an accountant at Best Buy. [2] In 1989, Dunn became a store manager and in 1990 a district manager in Minnesota. He was promoted to regional manager for Ohio, Indianapolis and Philadelphia stores in 1996, and in May, 1998, rose to regional vice president of the northeastern region, leading Best Buy’s entry into that ...
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.