Originally founded in 1966 under the name Sound of Music by Richard Schulze and Gary Smoliak. Located in Saint Paul, Minnesota, the store focused on specialty audio equipment.
In 1983, the company’s name was changed to Best Buy and the first superstore was opened in Burnsville.
In 1985, the company went public. The company expanded quickly in the US during the late 80s and 90s.
In 2003, there were 600 Best Buy stores nationwide and the company began to expand internationally.
In 2008, the chain opened its 1000th location in the Mall of America.
Today, there are over 1150 locations worldwide. The Best Buy corporate office is located in Richfield, MN.