All The Brands And Companies That Used To Be Known By A Different Name
The origins of the name Best Buy are kind of bananas.
Best Buy didn’t start out as the electronics super store it is today. In fact, founder Richard Schulze named it Sound of Music, because when he started the company he sold mostly stereo equipment. But in 1981, a disaster ended up being sort of a good omen for Schulze. A tornado hit a store located in Roseville, Minnesota, destroying the roof and most of the showroom and stock. Schulze decided to make the best of a bad situation and held a “tornado sale” to offload some of the damaged merchandise, and they ended up selling more merchandise in two days than they had ever sold before. Two years later, he renamed his stores Best Buy.