The Best Buy Inc.

1651 Words Feb 9th, 2016 7 Pages
Best Buy Inc. is a retailer of technology products, services and solutions globally. Its stores offer consumer electronics such as television, cameras, printers, portable electronics and related accessories. Other offerings include computing and mobile phone products and related subscription services. Video gaming hardware, software, appliances as well as kitchen and bath fixtures are also sold in-store and online. Product repairs, delivery, installation and technical support, snacks and beverages are the value added services provided by Best Buy Inc. The company’s online retailing and service provisions are operated under various brand names such as Best Buy, Best Buy Mobile, Geek Squad, Magnolia Audio Video and Pacific Sales. Magnolia Home Theater, Magnolia Design Center and Pacific Kitchen and Home, deliver store within a store experience. As of January 31 2015, Best Buy operated around 100 stores of various sizes and it’s headquarter in Richfield, Minnesota.
Best Buy is considered part of the electronic stores industry within the services sector. Some major companies within this industry include Conn’s, GameStop, hhgregg, Apple, Dixons (UK), Gome (China) and Yamada Denki (Japan). According to Consumer Electronics Association, global sales of consumer technology is about $1 trillion. China is currently the largest market for consumer electronics with strong retail growth potential in India, Brazil and other emerging economies. There are approximately 50,000 electronics…

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