Best Buy Vs P.C.

Richard & Son

Ramesh Mudumby
 History

• Best Buy:
Established in 1966 as Sound of Music
1983 as Best Buy
operations in the United States, Canada, Europe,
China and Mexico
Subsidiaries of Best Buy are: Audiovisions; The
Carphone Warehouse; Future Shop; Geek Squad,
Jiangsu Five Star; Magnolia Audio Video; Napster;
Pacific Sales; and The Phone House
 History
• P.C. Richard & Son
Established in 1909 in Brooklyn, NY by Peter
Christian Richard, an immigrant from Holland
 Operates 65 super-sized showrooms servicing New
York, New Jersey, Pennsylvania, Connecticut, Long
Island and Westchester.
 All quality brands with own factory trained
electronics service center located in Farmingdale,
NY.
 Financials
Best Buy P.C. Richard & Son
• Employs over 180,000 • Employs over 3100
employees employees
• Annual revenue is • Annual revenue is
US$ 49.694 billion US$ 1.290 billion
• Revenue/Employee is • Revenue/Employee is
$280900 $477800
 A comparision
Best Buy
• Industry Information
 Sector: Services
 Industry: Electronics Stores
• Biggest consumer
electronics outlet in the US
and Canada
• 2,600 stores in Europe,
China, and now Turkey
P.C. Richard & Son
• Industry Information
 Sector: Services
 Industry: Electronics Stores
• Family-owned company in
USA
• 65 electronics stores in the
five boroughs of New York
City and the Tri-State area
Best buy - Layout
Best Buy - Layout
P.C. Richard & Son - Layout
P.C. Richard & Son - Layout
 Locations
Best Buy P.C. Richard & Son
• Nationwide in US and • North East US especially in
Canada with number of stores in
• Expanding in Europe, New York
Turkey, China and Mexico • Expanding into tri-state
with new stores opening in
New Jersey and Connecticut