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How did Best Buy get started?In: Major Companies |
Answer
"Era 1 -- Humble Beginnings Milestone: The Journey Begins 1966 -- Richard Schulze and business partner open the Sound of Music store in St. Paul, Minnesota.
1967 -- Kencraft Hi-Fi Company and Bergo Company acquired; second and third Sound of Music stores are opened near the University of Minnesota and in downtown Minneapolis.
1967 -- Sound of Music ends first year with gross sales of $173,000.
1969 -- Sound of Music stock first traded over the counter as publicly- held company; company enacts first employee stock option plan; three stores opened in the Twin Cities area.
1970 -- Sound of Music hits the $1 million mark in annual revenues. "
More here.... http://bestbuymedia.tekgroup.com/news/section_news.cfm?news_section=1337#
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First answer by ID2792189460. Last edit by kkcdsfkjosyi. Contributor trust: 185 [recommend contributor]. Question popularity: 82 [recommend question]
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