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 the name many know as Best Buy. But is there anything else about Best Buy that consumers should know? For example who is responsible, how much they earn per year, how they make their decisions, how many people work for them and more. Sound of Music was mostly known for its audio specialty. That same year (1983) Sound of Music changed its name to Best Buy; they also moved from audio specialties to consumer electronics. Best Buy began opening more stores, in 1983 they opened their first super store. This happened in Burnsville, Minnesota. In 1989 Best Buy wanted to expand their retail further, and they sure did. They launched warehouse-style retail for their stores. Best Buy didn't stop there, they even started changing their logo. What many notice is the yellow label with the company name (Best Buy Co. Inc.) in the center, 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 from 1966 to today. They sell many more products than in the past. Best Buy today sells many items such as TVs, cameras, movies and games, mp3 players, DVD and Blu-ray players and the list goes on. They sell more than just electronics. They sell home and office supplies, small and large appliances, and fitness technology. Best Buy also offers services such as Geek Squad, repair for all types of items, delivery and installation; downtown commerce (only in some areas) and cell phone services (AT&T Wireless, Verizon Wireless, Sprint, Boost Mobile and T-Mobile). Best buy is a company, which means it is...... half of paper ......shop), which can be found in various airports and shopping malls around the world. Along with subsidiaries, Best Buy has many competitors, some of which are well-known are Wal-Mart, Radio Shack, Amazon.com, Staples, Office Depot, and Circuit City. By competition we mean a market, by market we mean a financial sector. This brings us to the next and final topic. Best Buy has been through good times and bad financially. For the year 2013, Best Buy reported revenue of nearly $50 billion. In the third quarter of fiscal 2013 they earned $9,381. For the past five years, Best Buy has remained between 18% and 21%. 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 stock trading at 17th per share in December 2013. Best Buy has 346,008,000 shares outstanding in January 10, 2014