Best Buy is a consumer electronics retailer with operations in the U.S., Mexico, and Canada. At its brick-and-mortar locations and online, the company sells a wide variety of items, including mobile phones, digital cameras, video games, and music, as well as home appliances like washing machines and refrigerators.

At Best Buy, our purpose is to enrich lives through technology. We do that by leveraging our unique combination of tech expertise and human touch to meet our customers' everyday needs, whether they come to us online, visit our stores or invite us into their homes.

Originally founded by Richard M. Schulze and James Wheeler in 1966 as an audio specialty store called Sound of Music, it was rebranded under its current name with an emphasis on consumer electronics in 1983. Best Buy Co.

The Best Buy business model combines physical stores and an online platform to provide customers with a comprehensive retail experience for consumer electronics and appliances.

A company description is an overview or summary of a business. It's an important part of a business plan that often briefly describes an organization's history, location, mission statement, management personnel and, when appropriate, legal structure.

What should I write in a company description? Your company description should include all of the basic details about your company. You don't need to go into granular detail in a company description, but you should give an overview of what you do, how your company is structured, and the vision you have for the future.

Becoming customer centric is one of the key reasons Best Buy has survived in the brick-and-mortar electronics space in the U.S. while a company like Circuit City has not. Early on in its development, Best Buy took the time to survey and understand its public and what that public wanted.

Best Buy SWOT Analysis

• Strong Brand Recognition.
• Sustainability initiatives.
• Strategic acquisitions.
• Reliable Customer Service.
• Product Variety.
• Effective Omnichannel.
• Cost Management Strategies.
• Global Presence.

Instead of seeing the company as a consumer electronics retailer, Joly and his team refocused the company's purpose as “enriching people's lives through technology by addressing key human needs.” Best Buy's competitive advantage had always been the unique customer service provided by its sales associates, but that only ...

Best Buy's company values are centered around unleashing the power of its people, learning from challenge and change, showing respect, humility, and integrity, unleashing the power of technology, and thinking big and acting with urgency.

We're focused on providing an amazing employee experience. This starts and ends with a culture that creates a sense of belonging, support as you need it and continuous opportunities to learn and grow. From our stores and warehouses to our corporate offices, you'll find fun, fast-paced and inclusive work environments.

A business model determines what products make sense for a company to sell, how it wants to promote its products, what type of people it should try to cater to, and what revenue streams it may expect.