Fast Facts
- The company was founded by Richard Schulze in 1966 and called Sound of Music.
- The name was changed to Best Buy in 1983.
- Best Buy is a company with almost $50 billion in annual revenue during FY13.
- More than 165,000 people work for Best Buy globally.
- Best Buy has over 1,400 stores and locations in the United States, including large-format and Best Buy Mobile stores.
- Best Buy has about 1 billion visitors shopping online and 600 million shoppers visiting our U.S. stores annually.
- BestBuy.com is among the top 10 retail websites in the United States.
- 40% of our online shoppers opt for local store pickup. Of that, more than half do same day pick up and a substantial portion make an additional purchase in-store.
- Our Reward Zone loyalty program is among the largest loyalty programs in the United States and has more active members – 40 million – than any other retail, hotel or airline program.
- Geek Squad is the first national 24-hour task force dedicated to solving the world’s technology challenges. More than 20,000 active Geek Squad technicians patrol precincts in all U.S. Best Buy stores; deliver assistance online, by phone and in-home; and handle repairs at service centers nationwide.
- Through its recycling program, Best Buy collects 409 pounds of electronics each minute the stores are open. It is the only technology retailer that has pledged to recycle one billion pounds of consumer electronics and appliances by the end of 2014 and are already halfway towards that goal with nearly 700 million pounds collected.