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Best Buy: Sound Of Music Inc.

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Best Buy Sound Of Music Inc. was founded by Richard M. Schulze and Gary Smoliak and started out as a home and car stereo store in Minnesota. He later bought out his partner began to expand the business by including appliances and VCRs. He decided to expand because he didn’t want customers that were only teens. He wanted people of all ages to come to his store and buy things. In 1983, he changed the name of the company to Best Buy Co., Inc. because it sounded more appealing to customers and potential customers and opened their first superstore. The company got bigger and more popular and in 1987, it gained a spot on the listing of the New York Stock Exchange. The company had lots of ups and downs with their stocks and they tried very hard to

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