Best Buy wasn't always called Best Buy. In 1966, Richard M. Schulze and his partner (Gary Smoliak) founded Sound of Music. This was later renamed to what many know as Best Buy. But is there more about Best Buy that consumers should know? For example, who is in charge, how much do they make per year, how do they make their decisions, how many people work for them and more. Sound of Music was best known for its audio specialty. The same year (1983), Sound of Music changed its name to Best Buy; they also moved from audio specialty to consumer electronics. Best Buy has started opening more stores. In 1983, they opened their first super store. It was in Burnsville, Minnesota. In 1989, Best Buy wanted to expand its retail operations even further, and it did so. They launched warehouse-style retail for their stores. Best Buy didn't stop there, they even started changing their logo. The one that many people notice is the yellow label with the company name (Best Buy Co. Inc.) in the middle, all in blue. There have been many changes since then, but not as noticeable as the one in 1989. Best Buy has grown as a company since 1966 until today. They sell a lot more products than in the past. Best Buy today sells several products like TVs, cameras, movies and games, mp3 players, DVD and Blu-ray players, and the list could go on. They sell more than just electronics. They sell home and office items, small and large appliances, and fitness technology. Best Buy even offers services like Geek Squad, repair of all kinds of items, delivery and installation; commerce center (only in certain areas) and cell phone services (AT&T Wireless, Verizon Wireless, Sprint, Boost Mobile and T-Mobile). Best Buy is a corporation, which means it is a...... middle of paper ...... shop), found in various airports and shopping malls around the world. In addition to its subsidiaries, Best Buy has many competitors, the best known of which are Wal-Mart, Radio Shack, Amazon.com, Staples, Office Depot and Circuit City. With competition, there is a market, with a market, there is the financier. This brings us to our next and final topic. Best Buy has been through good times and bad financially. For the year 2013, Best Buy had a turnover of nearly $50 billion. During their third quarter of fiscal 2013, they earned $9,381. Over the past five years, Best Buy has remained between 18 and 21 percent. In 2009-2010 it improved by 20%, in 2010-2011 it improved by 21%, in 2011-2012 it improved by 21% and in 2012-2013 it decreased by 20% . Best Buy has 17th largest selling stock in December 2013. Best Buy has 346,008,000 shares outstanding as of January. 10, 2014