Overview
Best Buy sells consumer technology products and services through Domestic (United States) and International (Canada) segments, under names including Best Buy, Geek Squad, Magnolia and Pacific Kitchen and Home.[2] Forbes records it was founded by Richard M. Schulze in 1966 and is headquartered in Richfield, Minnesota.[2] Sales were US$41.7bn, up 0.4%, and profit US$1.1bn.[2] Best Buy fell from twenty-third to twenty-fifth, overtaken by Dollar General and Jerónimo Martins, and is the only specialist electronics retailer in the ranking. It employs 82,000 people.[2]
Best Buy strengths and limitations
Strengths
- Only specialist electronics retailer in the list
- Services arm (Geek Squad)
- High sales per employee among store retailers
Limitations
- Sales flat
- Fell two places
- Competes directly with online retailers
Appears in
Best Buy peers and competitors
Companies ranked in the same lists as Best Buy.
- Amazon
Alimentation Couche-Tard- Dollar General
- J Sainsbury
Woolworths Group
Inditex- George Weston
- PDD Holdings
- TJX Companies
- Seven & I Holdings
- AEON
- Albertsons
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