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Best Buy Co., Inc.
(NYSE: BBY) is a
specialty retailer of consumer electronics
in the United States,
accounting for 19% of the market. It also operates in Mexico,
and the United Kingdom. The company's
subsidiaries include Geek
Magnolia Audio Video, Pacific Sales, and, in Canada operates under both the Best Buy
and Future Shop
label. Together these operate more than 1,150 stores in
States, Puerto Rico, Canada, China, Mexico, and Turkey. In addition,
the company has rolled out over 100 Best Buy Express Automated Retail stores or "ZoomShops",
operated by Zoom
Systems, in airports and malls
around the U.S. The company's corporate
headquarters are located in Richfield, Minnesota.
Best Buy was named "Company of the Year"
by Forbes magazine in 2004, "Specialty Retailer of the Decade" by Discount Store News in
2001, ranked in the Top
10 of "America's Most Generous Corporations" by Forbes magazine in 2005 (based on 2004
made Fortune magazine's List of Most Admired
Companies in 2006.
On March 9, 2009, Best Buy became
the primary electronics retail store (online and bricks and mortar) in the eastern United States, after smaller rival Circuit City went out of business. Fry's
Electronics remains a major competitor in
the western United States. Many locations feature in-store pickup,
which can be arranged through the company's website.