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In 1966, Richard M. Schulze opened Sound of Music, an audio specialty store, in St. Paul, Minnesota. The company grew over the following years, expanding to nine locations by 1980. In 1981, Schulze's most successful store was destroyed by a tornado. This event resulted in a highly successful sale that combined a large selection with low prices and heavy advertising. Similar "Tornado Sales" became an annual Sound of Music event.
In 1983, the company's name was changed to Best Buy Co., and the store shifted its focus to consumer electronics. Over the following decades, the company continued to evolve and grow.
In 2002, Brad Anderson succeeded Schulze as Best Buy's CEO.
Best Buy recieved a 100% rating on the Corporate Equality Index released by the Human Rights CampaignThe Human Rights Campaign HRC is the largest lesbian, gay, bisexual, and transgender ( LGBT) equal rights organization in the United States. The HRC "envisions an America where [LGBT] people are ensured of their basic equal rights, and can be open, honest starting in 20042004 is a leap year starting on Thursday (the link is to a full 2004 calendar), and has also been designated the: International Year of Rice International Year to Commemorate the Struggle against Slavery and its Abolition Elections are to be held in 73 co, the third year of the report.