Best Buy Investor Relations Material

Best Buy Company is an American big-box retailer focused on consumer electronics. The company operates in the USA and Canada but has over the years had a presence in Mexico, Asia, and parts of Europe. Best Buy operates large retail spaces selling a wide array of different products, with everything from electric toothbrushes to TV’s. It is headquartered in Richfield, Minnesota, and the shares of the company trade on the NYSE.

Best Buy Co., Inc. is an American multinational consumer electronics retailer that was founded by Richard M. Schulze and James Wheeler in 1966. Originally, it was named "Sound of Music" and started as a small electronics store in Saint Paul, Minnesota. The focus at the time was primarily on home and car stereo systems. Recognizing the potential of a superstore format, the company rebranded as "Best Buy" and began to shift its focus towards a wider range of electronics. Over the years, Best Buy expanded its footprint across the US and their big-box store format and blue-yellow color theme became iconic.

Best Buy’s inventory includes consumer electronics like televisions, audio systems, and cameras, as well as computers, tablets, and related peripherals such as printers, hard drives, and software. The retailer also carries mobile phones and their accompanying plans from major carriers such as AT&T, Verizon, and others. Additionally, Best Buy provides an assortment of appliances, both large and small, from refrigerators and washing machines to blenders and coffee makers. The store has also diversified its product range to include smart home devices like thermostats, smart speakers, and home security systems. Moreover, Best Buy sells a variety of physical and digital media, including Blu-rays, DVDs, and music.

Best Buy offers several notable services to assist its customers post-purchase. One primary service is the Geek Squad, which provides technical support and repair for a range of electronics, from computers to televisions. Additionally, Best Buy's Home and Business Services handle the delivery, installation, and potential repair needs of major appliances, ensuring that larger purchases are set up correctly.