Weekly Ads Circulars: Best Buy Weekly Ad Weekly Circular and Catalogs
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Best Buy is the world’s largest multi-channel consumer electronics retailer with stores in the United States, Canada, Mexico and China.
Currently Best Buy is one of the top ten retail websites in the United States with more than 1 billion visitors in a year to bestbuy.com and also over 600 million visits to Best Buy stores in the United States in full year.
Founded in 1966 by Richard M. Schulze and Gary Smoliak under the name of Sound of Music, Best Buy was initially an audio specialized store, located in West Saint Paul, Minnesota. One year later, Sound of Music acquired Kencraft Hi-Fi Company and Bergo Company, and ended its first full year with gross sales of over $170,000. The Company become a publicly traded enterprise in 1969 and implemented also its first employee stock-option plan.
In June 14, 1981, the Sound of Music shop in Roseville, Minnesota was hit by a tornado. In response, the company held a “Tornado Sale” (promoted as a “Best Buy”), which became soon an annual event. In 1983, Sound of Music was renamed Best Buy Co., Inc and re-branded with more emphasis placed on consumer electronics.
Best Buy’s subsidiaries include CinemaNow, Geek Squad, Magnolia Audio Video, Pacific Sales, Cowboom, and in Canada operates under both the Best Buy and Future Shop labels. Together, they operate over 1,150 stores in addition to over 100 Best Buy Express automated retail stores or “ZoomShops”, operated by Zoom Systems, in airports and malls around the U.S. Best Buy also sells cellular phones in partnership with Verizon Wireless, AT&T Wireless, Sprint PCS, Boost Mobile, and T-Mobile., in regular stores and standalone Best Buy Mobile stores in shopping malls.
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