• Best Buy: History Richard Schulze founded Sound of Music 1966 1983 Reorganized to superstore format under the new name Best Buy 1970 Best Buy goes public 1985 Expansion of 47 new stores 1995 Case 4: Finding the Best Buy Group 5: Tim Tefft, Matthew Hopper, Jeff Amberger Through acquisitions and the opening of new stores, the firm hit the million-dollar revenue mark Launch of BestBuy.com 1999 Domestic and international acquisitions 2000- 2009 2012 Converted chinese branches to "Five Star" branded stores Originally started as a small car and home stereo store. Developed from a specialty electronics retailer into a mass merchandiser of a wide variety of products. Currently has over 1,400 stores in the U.S. and 2,600 stores in Europe and China