Summary

• Page properties (1 modified, 0 added, 0 removed)

Details

Page properties

Content

...	...	@@ -38,7 +38,7 @@
38	38
39	39	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 ranked 373 among Fortune's 500 largest American companies. In 1999, Best Buy partnered with Microsoft to cross-promote products. Best Buy enters the online retailing business by launching www.bestbuy.com in 2000. The company enters the international market buy acquiring Future Shop in Canada in 2001. In 2003, Best Buy opens its first global sourcing office in Shanghai, China. Best Buy was named "Company of the Year" by Forbes Magazine in 2004. In 2006, Best Buy acquires majority interest in Jiangsu Five Star Appliance stores in China. The company opens its first retail store in Shanghai, China in 2007.{{footnote}}https://corporate.bestbuy.com/wp-content/uploads/downloads/BBY_TimeLine.pdf{{/footnote}} However, the operation in China was merged with Jiangsu Five Star in 2011 and Best Buy ceased operating in China by closing all of its stores that year.
40	40
41		-In April 2013, Best Buy exited the European consumer electronics market when it sold its 50% stake in The Carphone Warehouse back to the UK-based mobile phone retailer.
	41	+In April 2013, Best Buy exited the European consumer electronics market when it sold its 50% stake in The Carphone Warehouse back to the UK-based mobile phone retailer. On March 28, 2015, Best Buy announced the shutdown of the Future Shop chain in Canada; 65 of its 131 former locations were converted into Best Buy locations, while the rest (primarily those in close proximity to an existing Best Buy) were closed permanently. On March 1, 2018, the company announced that it would shut down its 250 standalone Best Buy Mobile stores in the United States by the end of May, due to low revenue and high costs. The Best Buy Mobile stores were reported to account for 1% of the company's revenue.
42	42
43	43
44	44
...	...	@@ -47,4 +47,5 @@
47	47
48	48
49	49
	50	+
50	50	{{putFootnotes/}}