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Best Buy Co., Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota. 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 stock doesn't look like it has much downside. Sales have already crashed, and the PC market has bottomed out. However, there's a significant upside if AI PCs trigger an upgrade cycle.
Looking forward, Best Buy lowered its fiscal guidance for the 12 months ending in January 2024. Revenue for the year is now expected to come in between $43.1 billion and $43.7 billion, compared to ...
Geek Squad, Inc. is a subsidiary of American and Canadian multinational consumer electronics corporation Best Buy, headquartered in Richfield, Minnesota.The subsidiary was originally an independent company founded by "Chief Inspector" Robert Stephens on June 16, 1994, and offers various computer-related services and accessories for residential and commercial clients.
A woman walks with a boy to the Best Buy store at the Mall of New Hampshire, Tuesday, Aug. 4, 2020, in Manchester, N.H. (AP Photo/Charles Krupa, File) (ASSOCIATED PRESS)
Fade the post-earnings rally in shares of struggling electronics retailer Best Buy, Citi says.
People walk past a Best Buy store in Manhattan, New York City, U.S., November 22, 2021. REUTERS/Andrew Kelly (Andrew Kelly / reuters)
Best Buy Co Inc (NYSE:BBY) continues its journey to recapture its position in American retail. Once a favorite place to shop for gadgets and electronic media, the advent of e-commerce and the rise ...