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Best Buy Company, Inc. Table of Contents Company History 1 Competition 2 Circuit City (CC) 2 Radio Shack (RSH) 3 Best Buy vs. Competition 3 Revenue 3 Performance 4 Profitability 5 Investment Utilization 7 Financial Condition 9 Financial Forecast 10 Strategy 10 Income Forecast 11 Revenue 11 Earnings Per Share 13 Net Profit 12 Forecasted Income Statement 15 Conclusion 15 Appendix A - Balance Sheet (5 Years) Appendix B - Income Statement (3 Years) Appendix C - Best Buy Ratios (5 Years) Company History Best Buy began in 1966 as the home and car stereo retailer Sound Of Music, out of Minneapolis, Minnesota. The store expanded slowly until 1980, when "the lights began to turn on" according to Best Buy founder, Richard M. Schulze. Corporate Report Minnesota explains, "Schulze had come to realize that there wasn't much of a future in a market glutted with vendors, serving a shrinking audience of 15-to-18 year olds with limited resources." Schulze began to offer VCRs and appliances in his Sound Of Music stores. In 1982, when revenues jumped to 9.3 million, the company renamed itself Best Buy and shortly thereafter introduced the local...

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