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Electronics

Brief History Best Buy

The company started in Minnesota in 1966. Richard M. Schulze is "the brain child and chairman" (Best Buy Co., Inc. 1). The now lucrative electronic store bean as a concept called Sound of Music. The concept began in St. Paul and was focused on home and car audio. The first year they grossed $173,000. Then Schulze realizing the market for fifteen to eighteen-year-olds with limited funds would not take the company very far. So in turn he began to incorporate VCR's and appliances. The sales quickly sky rocketed. In 1982 revenues climbed to an astonishing $9.3 million dollars. In 1984 the concept begin to integrate the superstore idea into their concept. In 1987 the sales had spiraled to an astonishing $239 million, and Best Buy had earned a spot on the New York Stock Exchange (Best Buy Co., Inc 2). In June of 2000 Best Buy launched the companies website which provided an outlet for customer convenience and a great profit. In 2004 the company opened the first......


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Approximate Word Count: 2020
Approximate Pages: 9 (250 words per double-spaced page)

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