About Best Buy
Best Buy is a company based in Richfield (United States) founded in 1966 by James Wheeler and Richard M Schulze.. The company has 85,000 employees as of January 31, 2024. Best Buy has completed 8 acquisitions, including Critical Signal Technologies, Current health and Fusion Connect. Best Buy offers products and services including Electronics and Online Shopping Services.
- Headquarter Richfield, United States
- Employees 85000 as on 31 Jan, 2024
- Founders James Wheeler, Richard M Schulze
- Stage Public
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Sectors
Retail
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Email
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Phone
*********
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Website
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Social
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- Legal Name Best Buy Co., Inc.
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Annual Revenue
$41.53 B-4.43as on Jan 31, 2025
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Net Profit
$927 M-25.3as on Jan 31, 2025
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EBITDA
$2.59 B-1.97as on Jan 31, 2025
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Latest Funding Round
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Investors
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Employee Count
85000
as on Jan 31, 2024
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Investments & Acquisitions
Critical Signal Technologies
& 7 more
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IPO & Listings of Best Buy
Best Buy is a publicly listed company on the NYSE with ticker symbol BBY in USA, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Best Buy
Best Buy offers a comprehensive portfolio of products and services, including Electronics and Online Shopping Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Electronics and appliances are sold for personal and home use through retail channels
Online platforms are provided for purchasing and shipping products to specified locations
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Software Development Team
149 people
Leadership Team
113 people
Sales and Marketing
63 people
Operations Team
44 people
Human Resources and Administration
37 people
General Team
35 people
Finance and Accounting
33 people
Senior Team
27 people
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Funding Insights of Best Buy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Best Buy
Best Buy has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Critical Signal Technologies, Current health and Fusion Connect. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Outdoor furniture is branded and distributed by Yardbird.
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2016 | ||||
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Remote vital sign monitoring is provided via wearable devices.
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2014 | ||||
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In-store mobile marketing solutions are provided to retailers and brands.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Best Buy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Best Buy Comparisons
Competitors of Best Buy
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Best Buy
Frequently Asked Questions about Best Buy
When was Best Buy founded?
Best Buy was founded in 1966.
Where is Best Buy located?
Best Buy is headquartered in Richfield, United States. It is registered at Richfield, Utah, United States.
How many employees does Best Buy have?
As of Jan 31, 2024, the latest employee count at Best Buy is 85,000.
What is the annual revenue of Best Buy?
Annual revenue of Best Buy is $41.53B as on Jan 31, 2025.
What does Best Buy do?
Best Buy is a multinational consumer electronics company that sells mobile phones from Verizon Wireless, AT T Mobility, Sprint Corporation, Boost Mobile and-Mobile US, in regular stores and in its own mobile stores in shopping malls. It recorded 42.5B for the year 2016. It was founded by Richard M. Schulze and Gary Smoliak in 1966 as an audio specialty store. Geek Squad, Magnolia Audio Video, and Pacific Sales are its subsidiaries. In 2022, the company recorded annual revenues of 46.3B and a net profit of 1.42B.
What products or services does Best Buy offer?
Best Buy offers Electronics and Online Shopping Services.
Is Best Buy publicly traded?
Yes, Best Buy is publicly traded on NYSE under the ticker symbol BBY.
How many acquisitions has Best Buy made?
Best Buy has made 8 acquisitions, including Critical Signal Technologies, Current health, and Fusion Connect.
What is Best Buy's ticker symbol?
The ticker symbol of Best Buy is BBY on NYSE.