Office profile
Best Buy Headquarters & offices · Richfield, Minnesota
Best Buy · Richfield, Minnesota
Four office towers joined by a 1,000-foot indoor “Hub” with a cafeteria, a clinic and a fitness center — and a fully paid sabbatical after 40 years.
The Richfield campus, the benefits and 60 years of moves from one stereo shop in St. Paul — then the pay. Every number from Best Buy's filings, its own news site and the builder's project page.
- ≈ 1.5M sq ftowned HQ campus, four buildings
- 1,000 ftthe Hub that links the towers
- 82,230employees (Jan 31, 2026)
- 10 weeksparental leave at 100% pay (birth parents)
Sources: Form 10-K FY2005 and FY2026 · Proxy statement 2026 · Opus project page “Best Buy Corporate Campus”
Companies / United States / Consumer electronics retail / Best Buy
THE HEADQUARTERS · RICHFIELD · 2003
One campus for staff once spread across the suburbs
In March 2003 Best Buy moved its corporate offices into a new campus in Richfield, replacing owned and leased offices in Eden Prairie. Four office towers were built at the same time and are joined by the Hub, a 215,000 sq ft, two-level connector designed to be “fun, flexible and productive”. Its main level runs about 1,000 feet and holds a cafeteria, two auditoriums, a bank, a coffee shop, a convenience store, a clinic and a fitness center.
- ≈ 1.5M sq ft (≈ 139,355 m²), owned
- 4 towers + the Hub
- Hub: 215,000 sq ft, 1,000 ft long
- Opened March 2003
- LEED Gold
- Design-build: Opus
The Hub and the four towers (Opus)
Four office towers are joined by the Hub, a 215,000 sq ft, two-level connector whose main level holds a cafeteria, two auditoriums, a coffee shop, a clinic and a fitness center.
The campus from the street (Wikimedia Commons)
Best Buy moved its principal corporate offices into the new campus in Richfield on March 31, 2003, and still owns the buildings today.
Facts: Form 10-K FY2003 and FY2005, Item 2 · Opus project page “Best Buy Corporate Campus”.
Richfield, and the old offices in Eden Prairie
| Building | Address |
|---|---|
| Corporate campus (HQ) | 7601 Penn Avenue South, Richfield, MN 55423 |
| Former HQ (until 2003) | 7075 Flying Cloud Drive, Eden Prairie, MN 55344 |
Source: Form 10-K FY2026 and FY1999, cover pages · See them on the map ↓
Source: Form 10-K FY2005 and FY2026, Item 2 · Opus project page (Opus lists the project at 1,600,000 sq ft)
Benefits (United States)
At 100% pay; eligible non-birth parents get up to four weeks at 100% pay.
Fully paid, plus a lifetime employee discount after 35 years of service.
Some degrees with no out-of-pocket cost, combined with tuition assistance and discounts.
HOPE Fund for employees in a personal emergency.
Unlimited phone support from master's-level clinicians and referrals to no-cost sessions.
Caregiver pay, a caregiver support service, and adoption and surrogacy assistance.
401(k) plan, employee stock purchase plan and the Savings Builder program.
Offered to full-time, part-time and seasonal staff.
Source: Form 10-K FY2026, Employee Benefits · jobs.bestbuy.com, “Employee Benefits” (2026)
How Best Buy keeps people, in its own words
New in fiscal 2026: a fully paid sabbatical after 40 years, a lifetime employee discount after 35 and new awards at 30.
Corie Barry joined as a senior financial analyst in 1999 and became CEO in 2019; her successor Jason Bonfig has 27 years with the company.
The No Cost-No Debt College Degrees program, added in fiscal 2026, sits on top of tuition assistance and tuition discounts.
LEAD, Leadership Essentials and Best Buy Altitude prepare leaders for their next role.
A recognition program launched in fiscal 2026 lets employees and leaders recognize each other for living the company values.
Up to $2,500 for employees facing personal hardship, with the Richard M. Schulze Family Foundation.
Source: Form 10-K FY2026, Human Capital Management and executive officers · corporate.bestbuy.com, “Corie Barry becomes fifth CEO” (2019)
Who works here
employees (Jan 31, 2026)
stores in the U.S. and Canada
employees in China and India
founded in St. Paul as Sound of Music
Source: Proxy statement 2026 · Form 10-K FY2026 · corporate.bestbuy.com (2016)
Pay at Best Buy
Measured on annualized W-2 wages across about 81,685 U.S. and Canadian employees, many of them in stores. The CEO earned about 542 times this amount.
Source: Proxy statement 2026, CEO Pay Ratio
Best Buy doesn't publish pay by age.
Office history: from one St. Paul stereo shop to a 1.5 million sq ft campus
- 1966 Sound of Music opens in St. Paul
On August 22, 1966, Dick Schulze opened a small store called Sound of Music in St. Paul, Minnesota, selling stereos, speakers and vinyl records.
Source: corporate.bestbuy.com, “Best Buy at 50: A Q&A with Founder Dick Schulze and CEO Hubert Joly” (2016)
No free-to-use photo found yet.Have one? We’d love to add it. - 1981 A tornado hits the Roseville store
On June 14, 1981, a tornado wrecked the Sound of Music store in Roseville. Nearly all 65 employees came to salvage stock, hauled it to the warehouse in Bloomington and held a “Tornado Sale” that changed how the company sold.
Source: corporate.bestbuy.com, “35 Years Ago Today, A Tornado Transformed Best Buy” (2016)
Sound of Music, Roseville, 1981 · © Best Buy (company archives) - 1983 Sound of Music becomes Best Buy
The company traded as Sound of Music from 1966 to 1983, then took the Best Buy name.
Source: corporate.bestbuy.com, “5 Things You Never Knew About Best Buy” (2016)
No free-to-use photo found yet.Have one? We’d love to add it. - 1999 7075 Flying Cloud Drive, Eden Prairie
Corporate offices were in a 350,000 sq ft (≈ 32,516 m²) building the company owned in Eden Prairie, plus 260,000 sq ft leased nearby.
Source: Form 10-K FY1999 (fiscal year ended Feb 27, 1999), cover and Item 2
No free-to-use photo found yet.Have one? We’d love to add it. - 2001 Two buildings and overflow space
Two owned buildings in Eden Prairie totalled 540,000 sq ft, with another 550,000 sq ft leased close by. Best Buy planned to start building a new campus in Richfield.
Source: Form 10-K FY2001, Item 2
No free-to-use photo found yet.Have one? We’d love to add it. - 2003 The Richfield campus
On March 31, 2003, Best Buy moved its principal corporate offices into a new 1.5 million sq ft campus in Richfield. The project replaced an aging commercial and residential area and involved about 90 separate landowners.
Source: Form 10-K FY2003, Item 2 · Opus project page
No free-to-use photo found yet.Have one? We’d love to add it. - 2005 Eden Prairie up for sale
The Richfield HQ was four interconnected, owned buildings of about 1.5 million sq ft; the old 360,000 sq ft Eden Prairie building was for sale. Best Buy still owns the Richfield buildings today.
Source: Form 10-K FY2005 and FY2026, Item 2
No free-to-use photo found yet.Have one? We’d love to add it.
| Annual report | HQ space (sq ft) | m² | As described |
|---|---|---|---|
| 10-K FY1999 | 350,000 | 32,516 | Owned, Eden Prairie (+260,000 leased) |
| 10-K FY2001 | 540,000 | 50,168 | Two owned buildings, Eden Prairie (+550,000 leased) |
| 10-K FY2003 | 1,500,000 | 139,355 | New owned campus, Richfield |
| 10-K FY2005 | ≈ 1,500,000 | ≈ 139,355 | Four interconnected owned buildings (+340,000 leased) |
Map: how the headquarters moved
Best Buy has never left the Twin Cities: from a St. Paul storefront to Eden Prairie in the southwest suburbs, then back east to Richfield, beside I-494.
- 1 · 1966St. Paul — The first Sound of Music store (city only; the filings don't give the street)
- 2 · 1981Roseville — The Sound of Music store hit by the 1981 tornado (city only)
- 3 · 19997075 Flying Cloud Drive, Eden Prairie — Owned corporate offices, 350,000 sq ft
- 4 · 20037601 Penn Avenue South, Richfield — Today's headquarters campus, owned
Addresses: Form 10-K FY1999 and FY2026 cover pages · corporate.bestbuy.com stories (St. Paul, Roseville) · Locations: OpenStreetMap
What Best Buy does
Best Buy calls itself the world's largest specialty consumer electronics retailer. It sells computers, phones, TVs, appliances and games through more than 1,000 stores and online, and earns service revenue from Geek Squad and memberships.
Two reporting segments: Domestic (U.S.) and International (Canada).
Where the money came from · revenue by category, fiscal 2026
Source: Form 10-K FY2026, Note 13 (Domestic + International revenue by category, added by eciffo; “Other” $0.3B not shown)
Source: Form 10-K FY2026 (fiscal year ended Jan 31, 2026) · Proxy statement 2026 (headcount) · per-employee figure calculated by eciffo
Growth: revenue vs. people
$39.4B → $41.7B
125,000 → 82,000
Fiscal years end around January 31 (FY2026 ended Jan 31, 2026). Revenue: SEC XBRL. Employees: Form 10-K, approximate, U.S. and Canada (FY2017–FY2020 include part-time and seasonal staff; FY2023–FY2024 stated as “more than”). Multiples calculated by eciffo.
Chief executives
Fifth CEO; joined in 1999 as a senior financial analyst, later CFO. Jason Bonfig succeeds her on Nov 1, 2026 as the sixth CEO.
President and CEO from September 2012; led the turnaround, then executive chairman.
CEO from June 2009.
CEO from June 30, 2002; previously president and COO from 1991.
Founder; opened Sound of Music in 1966.
Founder: Richard M. (Dick) Schulze.
Source: corporate.bestbuy.com (CEO succession plans, Apr 22, 2026; “Corie Barry becomes fifth CEO”, 2019) · Form 10-K FY2003, FY2010, FY2013 and FY2026
Best Buy: questions people ask
Where is Best Buy's headquarters?
At 7601 Penn Avenue South in Richfield, Minnesota, just south of Minneapolis. Best Buy owns the campus.
Source: Form 10-K FY2026
How big is Best Buy's headquarters?
About 1.5 million sq ft (≈ 139,355 m²) in four interconnected buildings, according to Best Buy's filings. The builder, Opus, lists the project at 1.6 million sq ft, with a five-level parking ramp for 6,700 cars.
Source: Form 10-K FY2005 · Opus project page
Who built Best Buy's headquarters?
Opus developed the campus as a design-build project, completed in March 2003. It won a Design-Build Institute of America merit award and is LEED Gold.
Source: Opus project page
What is the Hub at Best Buy's campus?
A 215,000 sq ft, two-level connector that links the four office towers and the parking ramp. Its 1,000-foot main level holds a full-service cafeteria, two auditoriums, a bank, a coffee shop, a convenience store, a clinic and a fitness center.
Source: Opus project page
When did Best Buy move to Richfield?
On March 31, 2003, from owned and leased offices in Eden Prairie, Minnesota.
Source: Form 10-K FY2003
How many people work at Best Buy?
About 82,230 employees on January 31, 2026: 72,640 in the U.S. and about 9,045 in Canada.
Source: Proxy statement 2026
How much does Best Buy's median employee make?
$32,018 in fiscal 2026, based on annualized W-2 wages. The CEO earned about 542 times that.
Source: Proxy statement 2026
What parental leave does Best Buy offer?
In the U.S., eligible birth parents get up to 10 weeks at 100% pay and eligible non-birth parents up to four weeks at 100% pay. Backup child care and adoption and surrogacy assistance are also offered.
Source: Form 10-K FY2026 · jobs.bestbuy.com
Who is Best Buy's CEO?
Corie Barry, CEO since June 2019, until October 31, 2026. Jason Bonfig becomes the sixth CEO in the company's history on November 1, 2026.
Source: corporate.bestbuy.com (2019, 2026)
Where was Best Buy founded?
In St. Paul, Minnesota, where Dick Schulze opened a store called Sound of Music on August 22, 1966. It became Best Buy in 1983.
Source: corporate.bestbuy.com (2016)
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