Total number of Best Buy stores worldwide 2023

With a total of 1,138 stores in operation worldwide, Best Buy operates around 600 stores less today than it did eight years ago. Best Buy’s growth and expansion in the early 2010’s came with an increasing number of stores, with the worldwide number of stores rising to 1,779 in 2013 - their highest number of stores in the highlighted period. Store numbers worldwide generally declined after this.

Majority of Best Buy stores located in the United States

    Most of Best Buy stores are located in the United States. In line with the overall decline in stores over time, the number of Best Buy’s domestic stores has decreased as well, dropping to below 1,000 in 2021. Closures of Best Buy Mobile stand-alone stores have also contributed to the declining store count. As the majority of stores are located in the United States, the majority of revenue is also generated here. Next to its home market Best Buy also operates stores in Canada and Mexico.

Best Buy’s position in the US e-commerce market

   Best Buy primarily competes with retailers such as Walmart, Amazon, Target and Cisco, and has a relatively low share of the e-commerce market in the United States. With decreasing physical stores and the bankruptcy of their closest competitor - Circuit City - the company could be in a position to increase their presence in the U.S. e-commerce market. Best Buy’s online revenue as a share of total revenue in the United States has increased in recent years, reaching close to a fifth of the company’s total revenue as of the last fiscal year.