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Best Buy Co., Inc. is a Fortune 100 company and the biggest specialty retailer of consumer electronics in the United States and Canada, accounting for 17% of the demand. The partnership’s subsidiaries include Geek Squad, Magnolia Audio Video, Pacific Sales, and, in Canada the Best Buy Canada subsidiary operates most stores under the Future Shop trade mark. Together these control more than 1,150 stores in the United States, Puerto Rico, Canada and China. The company’s corporate headquarters are located in Richfield, Minnesota, USA (in the vicinity of Minneapolis). On June 26, 2007, Best Buy announced a 40% expand in its operations, with plans to perform more than 1,800 stores worldwide, including 1,400 Best Buy stores in the U.S.

On January 26, 2007, the first Best Buy in China had its grand inauguration - touted as the largest Best Buy in presence. In March, Best Buy announced plans to obtain Seattle, WA based Speakeasy, Inc., a broadband and VOIP services provider. Best Buy becomes the first major retailer to exit the analog TV market, carrying just digital products that will be mandatory in February 2009 by the FCC.

2008 – Best Buy announces the unveiling of its first stores in Mexico and Turkey. Best Buy decides to side with Blu-ray over HD DVD, a suggest which essentially leads to Toshiba’s Corps. decision to disccard HD-DVD.