Changes for page Best Buy Co., Inc.
Last modified by Md. Touhidul Islam on 2023/05/30 01:56
edited by Md. Touhidul Islam
on 2023/05/29 01:08
on 2023/05/29 01:08
edited by Md. Touhidul Islam
on 2023/05/29 01:10
on 2023/05/29 01:10
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... ... @@ -39,8 +39,9 @@ 39 39 40 40 = Company History = 41 41 42 -Richard Schulze and his business partners opens up Sound of Music store in St. Paul, Minnesota, USA in 1966. The company acquires Kencraft Hi-Fi Company and Bergo Company in 1967. Sound of Music becomes a publicly traded company a year after and it opens three stores in the Twin Cities area. By 1970, the company hits the $1 million mark in annual revenue. After a decade of expansion, in 1983, the board of directors of the company approves a new corporate name, Best Buy Co., Inc. in 1983. The company with changed name issues IPO on the Nasdaq in 1985 to raise $8 million. 42 +Richard Schulze and his business partners opens up Sound of Music store in St. Paul, Minnesota, USA in 1966. The company acquires Kencraft Hi-Fi Company and Bergo Company in 1967. Sound of Music becomes a publicly traded company a year after and it opens three stores in the Twin Cities area. By 1970, the company hits the $1 million mark in annual revenue. After a decade of expansion, in 1983, the board of directors of the company approves a new corporate name, Best Buy Co., Inc. in 1983. The company with changed name issues IPO on the Nasdaq in 1985 to raise $8 million. Another public stock offering in the following year raises $33.6 million, which helped a 12-store expansion for the company. 43 43 44 +In 1989, Best Buy unveils a revolutionary “grab-and-go” store format in a non-commissioned, warehouse-style environment; Best Buy’s brand logo changes to the familiar yellow tag. In 1993, Best Buy becomes the nation's second-largest consumer electronics retailer. In 1995, Best Buy was 44 44 45 45 46 46 ... ... @@ -48,4 +48,5 @@ 48 48 49 49 50 50 52 + 51 51 {{putFootnotes/}}