Best Buy is a global retailer and developer of technology products and services. The company's products include consumer electronics, mobile products, televisions, digital cameras, e-readers, appliances and others. Its services include installation and delivery of appliances, computer and gaming setup, furniture assembly and repair services.
Best Buy is the world’s largest multi-channel consumer electronics retailer with stores in the U.S., Canada, China and Mexico. In 2017, Best Buy had close to 1,500 stores in the United States alone. Those stores generated approximately 36.3 billion U.S. dollars for the company in 2017, with eight percent of the revenue generated from its electronics segment.
The company's strategy has been to develop and supply a wide range of branded products and services to its customers through its innovative technologies. In line to its strategy, Best Buy acquired mindSHIFT Technologies, Inc, which provides cloud, data center and professional services to small and mid-sized businesses across the US. This acquisition can enhance the company's operations to expand its business in managed service provider markets.