Topic > Best Buy - 897

Best Buy was founded in 1966 by current CEO Richard M. "Dick" Schulze. Headquartered in Eden Prairie, Minnesota, the company currently has 446 stores and earned more than $83 million in total revenue last year. Best Buy offers a wide variety of products consisting of major appliances, video and audio equipment, computers, software, music and wireless technology. When analyzing this company, it is important to pay close attention to its current and future services and products, any problems with the company, the future direction Best Buy is headed, what can be done for the company, and what it can do for you as a consumer or employee. Best Buy is currently the number one computer retailer in the United States and offers multiple promotions. In December 1999, Best Buy signed an agreement with Microsoft to offer annual and monthly contracts through MSN, Microsoft's Internet service provider. This pact was a win-win for both companies. Microsoft helped Best Buy develop its website and promote e-commerce. They also bought 200 million shares of Best Buy, raising the price from $1.49 per share to $49.95. Best Buy in exchange offers MSN to the 200 million customers who walk through its doors each year. One of the biggest gains for Best Buy is its three-year Product Service Plan (PSP). The PSP is almost pure profit and has turned into something real...