Best Buy’s subsidiaries include Geek Squad, Magnolia Audio Video (high-end), and Pacific Sales. The nearest Magnolia Audio Video is in Schaumburg on Golf Road.
Best Buy also operates the Best Buy Mobile and Insignia brands in North America, plus Five Star in China. Best Buy sells cellular phones and data plans from Verizon Wireless, AT&T Mobility, Sprint Corporation, and Boost Mobile in the United States. The wireless phone section is the centerpiece of the store that welcomes customers near the entrance.
In Canada, carriers include Bell Mobility, Rogers Wireless, Telus Mobility, these carriers’ fighter brands and competing smaller carriers such as SaskTel.
“Company of the Year” by Forbes magazine in 2004
“Specialty Retailer of the Decade” by Discount Store News in 2001
Ranked in Top 10 of “America’s Most Generous Corporations” by Forbes in 2005 (based on 2004 giving)
Fortune magazine’s list of “Most Admired Companies” in 2006
Hubert Joly serves as Best Buy’s chairman and CEO. Headquarters is located in Richfield, Minnesota
According to Yahoo! Finance, Best Buy is the largest specialty retailer in the U.S. consumer electronics retail industry.