What is Best Buy?
Consumer electronics retailer providing stores, e-commerce, services, memberships, repair, installation, trade-in, and technology support.
- Category
- Consumer electronics retail
- Headquarters
- Richfield, MN
- Founded
- 1966
- Employees
- Approximately 82,000
- Total funding
- Public company; no current VC funding
- Status
- NYSE: BBY
What is Best Buy?
Best Buy is a public consumer electronics retail company headquartered in Richfield, MN. Consumer electronics retailer providing stores, e-commerce, services, memberships, repair, installation, trade-in, and technology support.
Best Buy operates at enterprise scale, with $41.7B fiscal 2026 revenue, Approximately 82,000 employees, and a public-market profile of NYSE: BBY. Its operating model is built around Consumer electronics, Computing and mobile, Appliances, Home theater, and adjacent growth areas such as Geek Squad, Best Buy Total, Trade-in and recycling, Best Buy Ads.
The company is important for sellers because it has national or global buying power, formal procurement, mature security and finance review, and large operational teams. The best entry points usually map to revenue growth, customer experience, labor productivity, supply-chain resilience, data, digital conversion, or cost reduction.
As of June 2026, the profile should be read as a current public-company account dossier rather than a startup funding page. Current leadership, recent revenue, public status, headquarters, office footprint, and technology signals are drawn from investor materials, official leadership pages, career pages, and public filings.
What does Best Buy offer?
Best Buy offers Consumer electronics, Computing and mobile, Appliances, Home theater, Geek Squad, and related services or platforms.
- Consumer electronics· Retail
- Computing and mobile· Retail
- Appliances· Retail
- Home theater· Retail
- Geek Squad· Services
- Best Buy Total· Membership/services
- Trade-in and recycling· Circular economy
- Best Buy Ads· Retail media
How does Best Buy make money?
Best Buy earns merchandise margin from electronics and appliances, service and membership revenue, warranties, installation, repair, retail media, trade-in, and vendor-funded programs.
Best Buy earns merchandise margin from electronics and appliances, service and membership revenue, warranties, installation, repair, retail media, trade-in, and vendor-funded programs. The economic model is recurring or repeat-purchase in the areas where customers come back frequently, and project, event, campaign, or merchandise-margin driven in the areas where spending is more episodic.
Products are SKU-priced with promotions, memberships carry annual pricing, and services or installation are priced by plan, scope, warranty, and device category. Public filings and investor releases therefore describe revenue by segment, banner, product family, geography, or service type rather than a simple SaaS-style price sheet.
Growth depends on execution at scale: pricing, retention, traffic, digital conversion, supply, network or store productivity, vendor terms, brand strength, and capital allocation. For vendors, the strongest business case ties directly to measurable lift in revenue, margin, labor efficiency, asset utilization, customer satisfaction, compliance, or risk reduction.
Who leads Best Buy?
Best Buy is led by Corie Barry with senior executives responsible for finance, technology, operations, commercial strategy, and category or segment performance.
- Corie BarryChief Executive OfficerCEO since 2019; succession announced for late October 2026Leads the company until Jason Bonfig's planned transition.
- Matt BilunasSEVP, Chief Financial and Strategy OfficerCFO since 2019Leads finance, strategy, and guidance.
- Jason BonfigSEVP, Chief Customer, Product and Fulfillment Officer; incoming CEOIncoming CEO planned for late October 2026Longtime Best Buy executive named as successor.
- Neal SampleEVP, Chief Digital and Technology OfficerTechnology leaderLeads digital, product, data, and technology.
How do you contact Best Buy's leadership?
Best Buy publishes official investor, media, or corporate contact routes, but this profile does not treat guessed personal executive addresses as verified. Use the public channel below or route through the relevant procurement, investor, media, or partner page.
investorrelations@bestbuy.com is public; press@bestbuy.com is public for media; personal executive email format not verifiedHow much funding has Best Buy raised?
Best Buy is a mature public company, not a current venture-backed private company: NYSE: BBY.
Best Buy's capital profile is best understood through public-market status, operating cash flow, debt capacity, dividends or repurchases where applicable, acquisitions and divestitures, and ongoing investment in the operating platform. The current status is NYSE: BBY, with $41.7B fiscal 2026 revenue providing the scale context.
Unlike startup profiles, there is no meaningful current VC round table to enumerate. The relevant capital milestones are public listings, major mergers or acquisitions, portfolio changes, buybacks, dividends, debt financing, and strategic reinvestment.
Seller signal: Best Buy can fund large programs when the business case is tied to current executive priorities. Expect mature procurement, legal, privacy, information security, finance, and business-unit review, and be ready to quantify impact on growth, retention, cost, productivity, customer experience, or risk.
How did Best Buy get here?
Best Buy reached its current scale through founding-era expansion, public-market access, operational execution, and major strategic milestones.
- 1966Sound of Music foundedThe company begins as an audio retailer.
- 1983Best Buy rebrandThe Best Buy name and superstore format take shape.
- 1985IPOBest Buy becomes publicly traded.
- 2002Geek Squad acquisitionBest Buy adds a services and repair platform.
- 2019Corie Barry becomes CEOBarry takes over after Hubert Joly's turnaround era.
- 2026CEO succession announcedBest Buy names Jason Bonfig to succeed Barry in late October 2026.
Who are Best Buy's competitors?
Best Buy competes with large public and private companies across its core category, adjacent channels, and digital or platform substitutes.
- AmazonCompetes in electronics e-commerce, marketplace selection, and fulfillment.
- WalmartCompetes on electronics, appliances, price, marketplace, and store convenience.
- TargetCompetes in consumer electronics, devices, entertainment, and omnichannel retail.
- CostcoCompetes in electronics, appliances, warranty value, and member pricing.
- AppleCompetes directly in devices and services while also serving as a major vendor partner.
Best Buy — frequently asked questions
