Difference Between Best Buy and Target (With Table)

Various types of organisations, firms and retail companies, and corporations are available in the market. With the help of their clever marketing strategy, they try to amaze customers and sell their products. Two of those, which are America based firms, are Best Buy and Target.

Best Buy vs Target

The difference between Best Buy and Target is that Best Buy has been in business since August 22, 1966, when it was created and founded. However, Target is an international retailer that has been in business since its founding on June 24, 1902. Best Buy’s headquarters in Richfield, Minnesota, oversees all of the company’s operations and functions. However, The Target corporation and firm have its headquarters in Minneapolis, Minnesota.

Best Buy is a worldwide consumer electronics shop established in the United States of America. Sound of Music, Best Buy Superstores, and Best Buy Co. Superstores were all previous names for Best Buy. James Wheeler and Richard M. Schulze, who not only formed but also launched Best Buy, are the names of the persons behind the company’s success. Clicking on “BestBuy.com” will take you to the company’s official website URL.

Target is a retail firm based in the United States of America. Dayton’s Dry Goods Company, Dayton-Hudson Corporation, Dayton Corporation, Dayton Company, Goodfellow Dry Goods were all names used by Target Retail. George Dayton laid the foundation stone for the Target organisation, and John Geisse laid the foundation stone for the Target shop.” By going to “corporate.target.com” or “target.com,” you can get access to the retail company’s website.

Comparison Table Between Best Buy and Target

Parameters of ComparisonBest BuyTarget
About the companyIt is a USA-based multinational consumer electronics retailer company.It is a USA-based retail corporation.
Formerly known asBest Buy Superstores, Sound of Music, and Best Buy Co. Superstores.Dayton Corporation, Dayton Company, Goodfellow Dry Goods, Dayton’s Dry Goods Company, Dayton-Hudson Corporation
Founded in 1966, 22 AugustJune 24, 1902
Founded byJames Wheeler, Richard M. SchulzeGeorge Dayton is the founder of the corporation, and John Geisse is the founder of the store.
Location/ HeadquartersMinnesota, RichfieldMinnesota, Minneapolis
Website addressBestBuy.comcorporate.target.com, target.com
Products concernedAppliances, Consumer electronics.Clothing, bedding, accessories, health and beauty products, food, electronics, housewares, furniture, pet supplies, toys, garden and lawn, shoes.

What is Best Buy?

Best Buy is a multibillion-dollar consumer electronics retailer with headquarters in the United States of America. Sound of Music, Best Buy Superstores, and Best Buy Co. Superstores were some of the previous names for Best Buy. Best Buy has been in business since its founding on August 22, 1966.

James Wheeler and Richard M. Schulze, who not only formed but also started Best Buy, are the names of the people who are responsible for the company’s success. Best Buy’s headquarters, located in Richfield, Minnesota, oversees all of the company’s operations and functions. Clicking on “BestBuy.com” will take you to the company’s official website.

Consumer electronics and appliances are the core focus of Best Buy. Best Buy sells a limited number of items. Target, on the other hand, has a broader perspective and focuses on a more diverse and dynamic assortment of products.

What is Target?

Target is a retail firm with headquarters in the United States of America. Dayton’s Dry Goods Company, Dayton-Hudson Corporation, Dayton Corporation, Dayton Company, and Goodfellow Dry Goods were only a few of the names used by Target Retail.

George Dayton laid the foundation stone for the Target organisation, and John Geisse laid the groundwork for the Target store. The headquarters of the Target corporation and company is located in Minneapolis, Minnesota. Target has been in business since it was formed on June 24, 1902.

By going to “corporate.target.com,” you may access the Target corporation’s official website, and by going to “target.com,” you can get to the retail company’s. Furniture, pet supplies, toys, garden and lawn, shoes, apparel, bedding, accessories, health and beauty items, food, electronics, and housewares are just a few of the products that Target is concerned with.

Main Differences Between Best Buy and Target

  1. Best Buy is a US or America based multinational consumer electronics retailer company. On the other hand, Target is a US or America based retail corporation.
  2. Best Buy was formerly known by various names, like Sound of Music, Best Buy Superstores and Best Buy Co. Superstores. On the other hand, Target Retail company was known by various names such as Dayton’s Dry Goods Company, Dayton-Hudson Corporation, Dayton Corporation, Dayton Company, Goodfellow Dry Goods.
  3. The organisation of Best Buy has been in operation since 22 August 1966, when it was established and founded. On the other hand, the multinational firm of Target retail has been in operation since 24 June 1902, when it was founded.
  4. The names of the people behind the success of the operation of the Best Buy firm are James Wheeler and Richard M. Schulze, who not only established but founded as well. On the other hand, the foundation stone of the establishment of the Target corporation was led by George Dayton, and the foundation stone of the establishment of the Target store was led by John Geisse.
  5. All the operations and functionalities related to Best Buy is done from its headquarters, which is in Richfield, Minnesota. On the other hand, Minneapolis, which is in Minnesota, hold the headquarter of the Target corporation and company.
  6. The official website address of the Best Buy firm can be reached by clicking “BestBuy.com”. On the other hand, the official website of Target corporation can be reached out by clicking on “corporate.target.com”, and the retail company by clicking “target.com”.
  7. Best Buy is mainly concerned with products such as consumer electronics and appliances. On the other hand, Target is concerned with various products such as furniture, pet supplies, toys, garden and lawn, shoes, clothing, bedding, accessories, health and beauty products, food, electronics, housewares.

Conclusion

Best Buy and Target both are multinational, America based multi-billion retail firms. They specialise in various types of products. However, Best Buy specialises in things such as consumer electronics and appliances. Whereas, Target sells furniture, pet supplies, toys, garden and lawn, shoes, apparel, bedding, accessories, health and beauty items, cuisine, technology, and housewares, among other things. Thus, it can be concluded that Best Buy deals with a narrow range of products. Similarly, on the other hand, Target has a broader view, and it focuses on a wider and dynamic range of products.

References

  1. https://www.sciencedirect.com/science/article/pii/S1057740814000977
  2. http://digitalcommons.csbsju.edu/cgi/viewcontent.cgi?article=1015&context=econ_pubs
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