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The American consumer electronics retailer Best Buy was founded in 1966 by James Wheeler and Richard M. Schulze. In addition to retail electronics, they also sell cellular phones to some of the largest carriers such as Sprint Corporation, AT&T Mobility, and Verizon Wireless. During the COVID-19 pandemic in 2021, the company laid off more than 5,000 employees and forced others into part-time schedules, despite their increase in sales.
