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Milestones in context

Dates identify documented events, not a claim that one individual alone produced every company or institutional outcome.

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  1. Schulze and a business partner open Sound of Music in St. Paul. Best Buy timeline (opens in a new tab) ↗

  2. Sound of Music stock trades publicly; the chain has three Twin Cities stores. Best Buy timeline (opens in a new tab) ↗

  3. A tornado damages the Roseville store; a low-price “Tornado Sale” tests a no-frills approach. Best Buy timeline (opens in a new tab) ↗

  4. The board adopts the Best Buy name and the first Best Buy superstore opens in Burnsville. Best Buy timeline (opens in a new tab) ↗

  5. Best Buy completes an initial public offering on Nasdaq. Best Buy timeline (opens in a new tab) ↗

  6. Best Buy introduces a non-commissioned, warehouse-style “grab-and-go” format. Best Buy timeline (opens in a new tab) ↗

  7. Best Buy enters online retailing with BestBuy.com. Best Buy timeline (opens in a new tab) ↗

  8. Schulze and his late wife, Sandra, make a $50 million gift to the University of St. Thomas. University of St. Thomas (opens in a new tab) ↗

  9. Schulze relinquishes CEO duties effective June 30 and remains chairman. Best Buy 2002 Form 10-K (opens in a new tab) ↗

  10. Schulze creates the Richard M. Schulze Family Foundation. Foundation history (opens in a new tab) ↗

  11. Schulze steps down as chair and becomes Founder and Chairman Emeritus, an honorary title. Best Buy announcement (opens in a new tab) ↗

  12. The deadline for a possible Schulze acquisition offer expires without an offer. Best Buy announcement (opens in a new tab) ↗

  13. Moffitt announces a $15 million foundation gift for planned proton-therapy capability. Moffitt Cancer Center (opens in a new tab) ↗

  14. Mayo Clinic announces a $5 million foundation gift for AI and advanced-technology education. Mayo Clinic (opens in a new tab) ↗