BBY - Best Buy Co Inc

Company Overview

Name

Best Buy Co Inc

Tickers

BBY

Exchanges

NYSE

Employees

85000

Founded

1966

Sector Information

Other Information

CIK

764478

Category

Large accelerated filer

1-Line Summary

Best Buy Co., Inc. is a leading retailer of consumer electronics providing personalized technology solutions across online and physical platforms.

Company summary

Best Buy Co., Inc. is a leading retailer of consumer electronics with a focus on providing personalized technology solutions. Established in Minnesota in 1966, the company operates both physical stores and an integrated online platform, allowing customers to shop online, in-store, or receive services at home. It offers a wide range of products across various categories including computing, mobile phones, home appliances, and entertainment, while also providing services such as installation, repair, and health-related support via its Best Buy Health division.

The company is segmented into Domestic and International operations, with significant revenue generated from its omnichannel capabilities that enhance customer convenience and experience. Best Buy's retail stores serve as vital components of its strategy, enabling them to provide unique solutions tailored to individual customer needs while maintaining a competitive edge through established brand partnerships, a knowledgeable workforce, and efficient inventory management. Best Buy continues to focus on enriching lives through technology, making it a key player in the retail electronics market.

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