Connect with us

Hi, what are you looking for?

Business News Mag

Business

BEST BUY MEDFORD: AN ELECTRONIC JUNCTION

best buy medford
best buy medford

Are you going to buy some very necessary home appliances? Or you may want a new phone or a new electronic gadget to buy. Technology is growing rapidly and you know, sometimes it becomes really hectic to buy a new, updated and perfect solution according to our needs and our preferences. It can really be confusing.

Well, today we are going to tell you about a place where not only you will find a great deal and solution for your issues but also an incredible experience of buying and other services.

It is none other than Best Buy Medford. Best Buy Medford is one of the leading market kings in the world of chain store business. The company is growing rapidly and increasing its market value and name since its founders has established it. 

History of Best Buy Medford: 

Best buy Co., Inc. is an American multinational consumer electronics retailer. Richard M. Schulze and James Wheeler founded it in 1966. They kept the name ‘Sound of Music. Later on in 1983, it was rebranded under its current name with an emphasis on consumer electronics. Richard M. Schulze took the principal amount from his own savings. ‘Sound of music’ performed very well in its first year and made $1 million and net profit of $58000. 

Till 1978 Best Buy was able to make 9 stores and till 1983 the owners of the company changed its name to Best Buy and in that year Best Buy made $10 million. The company extended its boundaries to home appliances and VCRs. In 1985 Best buy went public.

In 2002 best buy bought Geek Squad in Medford. Geek Squad was founded in 1994 on 16th June. The ‘Chief Inspector’ Robert Stephens was the founder of Geek Squad. Geek Squad is a service-based company that helps people in repairing their appliances. In its’ early years, it used to repair only computer appliances but with time, it stretched its boundaries to all kinds of electronic appliances. Now it is popularly known as Medford Best Buy as Best Buy its parent company.

Service Review of Medford Best Buy:

Medford Best buy provides its people a self-help customer service that means there are no commissioned salespeople around you in the store and no one will use hard sales pitching techniques on you for some dollars. Best buy also provides the power to its customer for discussing product experiences, reviews and ask answers to their questions. Geek Squad under Best Buy provides repairing services for all kinds of consumer electronics. It also provides in-store repairing services, on-site and over the internet via remote access and 24 hours on-call emergency services.

On account of its customers, Best buy Medford is one of the best stores for your electronic consumptions and repair. The crew is extremely humble, talks on point, no one stares at you as their next customer and they have in-depth knowledge of what they are talking about. They enjoy their work as there happens some extremely enjoyable games, dance or other activities on special occasions. 

The services agents of best buy Medford wears a uniform of white shirts, black trousers, or black skirt with hoes, black shoes, and white shocks. Geek squad also allows its agents to wear polo t-shirts along with jeans and sneakers.

Brands of Best Buy:

Best Buy has its own production of line. They created their own brands for the consumers. Following are some:

  1. Dynex: Dynex provides discounted electronics equipment like office media, webcams, and storage media.
  2. Insignia: With this brand Best Buy manufactures small appliances, electronic equipment, cables, and mini-refrigerators. 
  3. Rocketfish: Rocketfish helps you to enhance home entertainment with new-age technological products. Their products are computer accessories, gaming, home theater, mobile audio & video, and camera accessories.
  4. Modal: Modal is specially made for style-oriented mobile accessories.
  5. Magnolia: Magnolia is the brand with works in the area of Home Theater, in 4k, 3D and large televisions, projectors. 

Best Buy has also established brands other than these like ‘Pacific Sales’, ‘Platinum’ and ‘Init’.

International locations of Best Buy:

After a grand success in the markets of the US, Best Buy started to move abroad. Currently, best buy has 956 stores in the US and 220 stores in the international market. 

The retailer has its presence in Barbados, Bermuda, China, Hong Kong, Luxembourg, the Republic of Mauritius, and the UK.

Best Buy is no doubt one of the greatest market giants in the consumer electronics sector but it failed at the international market. Best Buy did not understand the local market mindset and hence was unable to proceed further. Another reason was the marketing strategy which was not up to the mark.

The inheritance of Best Buy lies in the US. One of the most stores of Best Buy other than Medford is ‘Best Buy Grants Pass’.

Revenue and Awards:

In the financial year 2018-2019, Best Buy has reportedly made an increment in total revenue was of US$42.88 billion and an increment in net income was US$1.90 billion. On the other hand its equity faced a decrement of US$3.31 billion.

Best Buy made its presence in Forbes magazine in 2004 as ‘Company of the year’. In 2001 discount store news brought the best buy ‘Specialty retailer of the decade’. It made its place in the top 10 of ‘America’s Most Generous Corporations. The company ranked 72 in the Fortune 500 list of the largest United States corporations by total revenue.

Operating hours of Best Buy in Medford Oregon: 

The Best Buy in Medford Oregon opens 7 days a week for a year. It excludes national holidays and special occasions’ holidays or any emergency.

The timing of Best Buy Medford Hours are as follows: 

Saturday: 10am-8pm

Sunday: 10am-7pm

Monday: 10am-8pm

Tuesday: 10am-8pm

Wednesday: 10am-8pm

Thursday: 10am-8pm

Friday: 10am-8pm

In addition, we are giving you Best Buy in Medford Oregon phone number, email address so that you can connect for your requirement.

Phone number: (541) 732-2839.

Email address: S-002517-Leaders@bestbuy.com

Website: www.bestbuy.com

Conclusion

If we ignore the international fall, Best Buy is a real giant in the market to compete and to win. Other than its market strategies and its awesome services, best buy has incredible value for its customers and its employees. It helps you to feel a guarantee of quality, a great experience, and satisfaction with the deal. So if you are going for new electronics for yourself, Best Buy is your one-stop solution.

 Read also: Sprouts Vs Trader Joe’s Vs Whole Foods

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Music

Are you searching for FreeAllMusic lately? Yes! Then the possibility is that you want to listen to the most recent latest Hollywood track. Most...

World

It was September 2018 when the verge uploaded a video titled ‘How to build a gaming PC in $ 2000’. No doubt it was...

Business

Are you searching for a better supermarket, but, confused between sprouts vs trader joe’s. Stress not! While we are moving to a new place...

World

The Kennedy’s orbiter processing facility is one of the most critical links in the shuttle chain. Kennedy’s orbiter prepared the missions for both military...