Where is Best Buy located?

Best Buy is headquartered in Richfield, United States. It is registered at Richfield, Minnesota.

How many employees does Best Buy have?

As of Jul 31, 2026, the latest employee count at Best Buy is 76048.

Is Best Buy a funded company?

Best Buy is a funded company, having raised a total of $***** in its 1st and only funding round.

Where does Best Buy rank among its competitors?

Best Buy ranks 1st amongst 25 active competitors, only 1 of which is funded. RadioShack, which secured $835M in Oct, 2013.

Who are the top competitors of Best Buy?

Best Buy's top competitors include Micro Center, Anixter and RadioShack. Among them, RadioShack secured the most recent funding round in October, 2013.

Best Buy - 2026 Company Profile, Team, Funding & Competitors

Company Details

Best Buy is a multinational consumer electronics company that sells mobile phones from Verizon Wireless, AT& T Mobility, Sprint Corporation, Boost Mobile and-Mobile US, in regular stores and in its own mobile stores in shopping malls. It recorded $42.5B for the year 2016. It was founded by Richard M. Schulze and Gary Smoliak in 1966 as an audio specialty store. Geek Squad, Magnolia Audio Video, and Pacific Sales are its subsidiaries. In 2022, the company recorded annual revenues of $46.3B and a net profit of $1.42B.

Website: bestbuy.com
Social
Registered Address: Richfield, Minnesota

Key Metrics

Founded Year

1966

Location

Richfield, United States

Stage

Public

Investors

Benson Family Private Equity & 1 more

Ranked

1^st among 25 active competitors

Employee Count

76,048 as on Jul 31, 2026

Investment & Acquisitions

Coeus.health & 14 more

Similar Companies

Sharaf DG & 245 more

Exit Details

Public

View Best Buy's full profile

Best Buy is associated with 8 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Best Buy CIN: - , Belgium, Active		-	-	-
BEST BUY CO., INC. CIN: 410907483 , United States, Active	Dec 31, 1999	-	283 (As on Dec 31, 2024)	-
BESTBUY GAS & C-STORE INC. CIN: 453329386 , United States, Active	Dec 31, 1999	-	1 (As on Dec 31, 2023)	-
BBY SERVICES INDIA LLP CIN: ACE-2860 , India, Active	Dec 07, 2023	₹10 - ₹50 Cr (As on Mar 31, 2025)	-
BEST BUY ENTERPRISE SERVICES, INC. CIN: 550805038 , United States, Active	Dec 26, 999	-	83696 (As on Dec 31, 2024)	-
Best outlet CIN: 40203071807 , Latvia, Deadpooled	May 29, 2017	€0 - €1M (As on Dec 31, 2019)	1 (As on Dec 31, 2019)	-
BEST BUY CO INC CIN: 764478 , United States, Active		$1B+ (As on Jan 31, 2026)	90000 (As on Jan 31, 2023)	-
B.E.S.T. CIN: 42103097070 , Latvia, Active	Aug 02, 2019	€0 - €1M (As on Dec 31, 2024)	1 (As on Dec 31, 2023)	-

Best Buy got listed on Apr 19, 1985.

Click here to take a look at Best Buy's IPO in detail

Best Buy is a funded company. Best Buy has 2 institutional investors.

View details of Best Buy's funding rounds and investors

The founders of Best Buy are Richard M Schulze and James Wheeler.

Here are the details of Best Buy's key team members:

Richard M Schulze: Co-Founder of Best Buy.
Contact Info: 1 email address
James Wheeler: Co-Founder of Best Buy.
Contact Info: 1 email address

View details of Best Buy's Founder profiles and Board Members

Best Buy's employee count trend

Best Buy has 76,048 employees as of Jul 26. Here is Best Buy's employee count trend over the years:

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Top competitors of Best Buy include Micro Center, Anixter and RadioShack. Here is the list of Top 10 competitors of Best Buy, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Best Buy 1966, Richfield (United States), Public	Multinational consumer electronics company	-	Benson Family Private Equity, Silicon Alley Venture Partners ... Read more	69/100
2nd	Micro Center 1979, Columbus (United States), Acquired	Retailer specializing in computers and electronics with in-store pickup, top deals, and expert tech support	-	-	48/100
3rd	Anixter 1957, Anaheim (United States), Acquired	B2B Distributor of Electronic/ electrical Products	-	Equity Group Investments	46/100
4th	RadioShack 1921, Fort Worth (United States), Acquired	Retail chain of wireless and electronics stores	-	GE Capital Canada	45/100
5th	PayMore 2008, Massapequa (United States), Unfunded	Retail chain where customers can buy, sell, trade, or recycle old electronic devices while ensuring data security	-	-	39/100
6th	Value Plus Retail 2007, Noida (India), Unfunded	Multi-category online electronics shopping store	-	-	38/100
7th	Brookstone 1965, Merrimack (United States), Acquired	Retailer of home essentials, wellness products, and innovative gadgets	-	Sailing Capital, Prospect Hill Growth Partners ... & 3 others	35/100
8th	Russell Cellular 1993, Springfield (United States), Unfunded	Authorized retailer of wireless services and devices	-	-	32/100
9th	Prime Communications 1998, Sugar Land (United States), Acquired	Retailer of servers & other IT hardware	-	The Carlyle Group	27/100
10th	Panasonic Appliances India 1988, Chennai (India), Public	Manufacturer of home appliances and consumer electronics	-	-	26/100

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Looking for more details on Best Buy's competitors? Click here to see the top ones

Best Buy has made 8 investments in companies including Coeus.health and AddStructure. Best Buy has also acquired 7 companies including Yardbird and Current health.

Here is the list of investments & acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Nov 13, 2022	Investments	Coeus.health	2020	San Francisco (United States)
Nov 23, 2021	Acquisition	Yardbird	2016	Minneapolis (United States)
Oct 12, 2021	Acquisition	Current health	2014	Edinburgh (United Kingdom)