Wire, 2011). The Global Endeavor and Strategies The operations of Best Buy are based on two geographical segments; that of the domestic segment and internal. The strongest anticipation by the company was that of having 11 Best Buy stores opened in Canada in the fiscal year that followed; in a predominant format of more than 29, 000 square feet. Overall, it can be observed that a large portion of the revenue is generated from operations in United State, followed by the operations in Europe and Canada. Business Strategy Review, 16(1 4-13. BBY - USA Stock, the Best Buy Co Equities Center is a collection of modules for Best Buy equity research and analysis. When the economy outlooks turn gloomy, consumers may cut down spending and this will affect the earnings of Best Buy, hence the stock prices of the company negatively. History, Evolution, and Vision, according to Brown (2003 Best Buy was established back in the year 1969 when the Sound of Music was founded by Richard and a partner. Then, Wal-Mart is the established and successful corporations around the world since decades ago. Overall, although Best Buy operations in the international market is expanding, judging from the revenue perspective, the operating income generated from the international operations is not truly encouraging, primarily due to the increase of selling and general administrative expenses for Best Buy in these markets.
While the process of restructuring was in the process, there was a considerable slowness in the expansion of the chains with the fiscal year ending in 1999 only recording an addition of 12 newly opened stores. Canada has been characterized with high expense in the operations. Prior to the financial crises, Best Buy is trading at a range, in a slightly downward sloping manner. Except a slight decreasing trend for long term debt employed by the company, the amount of other liabilities and minority interest are relatively constant. Then, relative valuation had also been performed. In Europe, the main challenge to Best Buy is due to the government apparent strong commitment to austerity program.