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Best buy's official website

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Website:http://www.bestbuy.com
Summary:Best Buy Co., Inc. (NYSE: BBY) is the world’s largest consumer electronics retailer, offering advice, service and convenience – all at competitive prices – to the consumers who visit its websites and.
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Best Buy Co., Inc. (NYSE: BBY)

Best Buy Co., Inc. (NYSE: BBY) is the world’s largest consumer electronics retailer, offering advice, service and convenience – all at competitive prices – to the consumers who visit its websites and stores more than 1.5 billion times each year. In the United States, more than 70 percent of Americans are within 15 minutes of a Best Buy store and BestBuy.com is among the largest ecommerce retailers in the United States. Additionally, the company operates businesses in Canada, China and Mexico. Altogether, Best Buy employs more than 140,000 people and earns annual revenues of more than $40 billion.

Best buy group official site. Group of best buy (Best Buy) is the world's largest home appliance and Electronics retail group. Including Best Buy retail, Best Buy Enterprise Group estates group, the future of music shopping mall company, Magnolia Hi-Fi, as well as hotline, entertainment, Future Shop, five star appliance.

Best Buy are leading the industry in North America, focusing on the corporate vision, mission and values. In 1966, the company was established in Minnesota, and in 1983 changed its name to best buy. In 1983, the company adjusted its marketing strategy of the company, began using mass-marketing techniques, "super stores" concept of operations branch, provides a more complete product sel ection.

In 1989, the company canceled the Commission system sales model, introducing self-service discount store's business philosophy, which revolutionized the traditional means of retail and shopping process for consumers with more autonomy and space. In the 2000 financial year, the company launched its first online shopping site. In fiscal 2001, the company acquired the Magnolia Hi-Fi store, which is headquartered in Seattle and Washington, high-end audio and Visual products retail enterprises, thus securing the high level consumer group on the market. Companies in FY 2002 acquired a Canada's major consumer electronics retailer Future Shop, which also reinforces the trend of the internationalization strategy of the company. The company acquired Geek Squad in the 2003 financial year. Geek Squad computer support company provides residential and commercial services. In 2006, best buy bought a high-end home products retailer Pacific Sales Kitchen and Bath Centers Inc.

The merger significantly improved the company's ability, has proved to be quite effective by virtue of the showroom model, for the high-end customer group management's top home appliance brands. BEST BUY is one of the largest retail and distribution of household appliances and electronic products and services group. BEST BUY's development objective is: BEST BUY company with affordable, easy to use high-tech entertainment products to improve the quality of life. BEST BUY believed that compliance with corporate Outlook, implementation of corporate mission "helping customers the perfect combination of technology and life. "Best buy has created a new retail sales model: large appliances, specialty store + chain.

Large appliances, specialty stores are different fro m traditional specialty stores, which can reach thousands of square meters, location away fro m the high rents of shops in the central business district, warehouse exhibition exhibits or samples of goods, so that both can bring together numerous brands of goods, to provide customers with choice convenience and greatly reduced operating costs, gain a competitive price advantage. As a new business model, fro m the outset, it did fit the meager profit time. While large appliances professional shop of chain of operating, is easy achieved scale benefits, a shop 2000 square, 20 home shop is 40,000 square, if reached 100 home shop, is 200,000 square, this 200,000 square franchise appliances, a years can achieved billion yuan of sales, foot can control any a appliances production manufacturers, made most offers of procurement price, while mass operation can make units operating cost reduced. Best buy in a single format patterns on the basis of the implement strategy of cost leadership, guarantee customers with the low price to buy household appliances. Purchases, store layout, staffing, and many other efforts to reduce costs, while reducing profit margins, its sales margin and net profit margin maintained at around and 16%, respectively, showing that long-term competitiveness.

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1 floor Best buy's official website [*.*.*.*] published in 2014/08/13/ 04:00:00
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Best Buy Co., Inc. (NYSE: BBY) is the world’s largest consumer electronics retailer, offering advice, service and convenience – all at competitive prices – to the consumers who visit its websites and

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