richard schulze

Best Buy

22 Aug: Best Buy at 50: A Q&A with Founder Dick Schulze and CEO Hubert Joly

Technology has changed a lot over the past half century, and so has Best Buy.

Fifty years ago today, Dick Schulze opened a small store called Sound of Music in St. Paul, Minnesota, that sold stereos, speakers, vinyl records and other products related to music. Little did he know that it would become Best Buy, a nearly $40 billion company that now sells everything from TVs and laptops to drones and virtual-reality headsets.

As we celebrate Best Buy’s 50th anniversary, we sat down with founder and Chairman Emeritus Dick Schulze and current Chairman and CEO Hubert Joly to talk about how we got to where we are today and get a glimpse into where we’re going next.

Best Buy Store

16 Jan: Statement from Richard Schulze on Holiday Revenue Results

MINNEAPOLIS    Jan. 16, 2014  Best Buy Founder and Chairman Emeritus Richard Schulze provided the following statement today after the Company released its Holiday season revenue results:

“The message behind today’s announcement is very clear to me. Best Buy is on this journey and in this business to win, acquire, and retain new and existing customers. I have complete faith in the long-term strategy and I am confident that management is taking the steps required to win and position the company for a successful future.”