Electronics store to join Costco at Reynolds Ranch; aims to be open in fall 2011 or spring 2012
- Best Buy at a glance
The Richfield, Minn.-based multinational retailer humbly began
as an audio specialty store named “Sound of Music” in 1966. The
company rapidly expanded and was operating nine stores in Minnesota
by the end of the 1970s.
When a tornado hit a store in Minnesota in 1981, the company
held a “Tornado Sale.” It featured equipment for sale in a modest
environment. It was advertised as a “Best Buy” sale and the company
changed its name to the current moniker in 1983.
Today Best Buy sells electronics, games, DVDs and other
specialty products and gadgets. It features subsidiaries such as
computer troubleshooting brand Geek Squad and Magnolia Audio
Company name: Best Buy Co., Inc.
Founded: Richard M. Schulze and James Wheeler.
opened Sound of Music, in Saint Paul, Minn. in 1966.
Stock symbol: BBY.
Market: New York Stock Exchange.
Stock price as of press time: $42.03.
Employees (Worldwide total): Roughly 180,000
(mix of part-time, full-time and seasonal).
Annual revenue: More than $49 billion.
Where it ranks on Fortune 500: 45.
Best Buy at a glance Brian Dunn.
— Source: www.bby.com/about
- Dale Gillespie, Reynolds Ranch developer
It is 100 percent new business and new jobs to Lodi. We are
turning the huge steering wheel to keep sales tax in town.
Posted: Wednesday, October 20, 2010 12:00 am
Updated: 5:59 am, Thu Oct 21, 2010.
Gamers, geeks and technophiles rejoice: Best Buy is coming to
Lodi. During a groundbreaking for big-box retailer Costco at
Reynolds Ranch on Tuesday, city officials and the developer
confirmed the electronics store would be soon following the
membership-only wholesale retailer to the complex on Harney
Costco plans to build the store in 110 days and open in March
2011. Home Depot should follow in mid-November.
Wednesday, October 20, 2010 12:00 am.
Updated: 5:59 am.