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Its international business covers Canada and most recently China.
With only 42 years of existence, the company has come a long way since Richard M. Schulze and business partner James Wheeler decided to open an audio specialty store called Sound of Music. Only 4 years later they had reached the $1 million mark in annual revenues and by 1984 they had opened eight more stores and changed their name to Best Buy Co., Inc. The year 1987 saw sales of $240 million, an expansion to more than 20 stores and the company’s debut on the New York Stock Exchange. Less than a decade later, Best Buy had surpassed Circuit City to become the nation's top consumer electronics retailer...
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