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Best Buy celebrates 50 years with 50 hours of discounts

Krystina Gustafson
Best Buy celebrates 50 years with 50 hours of discounts

Who says Amazon (AMZN) should have all the fun?

To celebrate the 50th anniversary of its first store, Best Buy (BBY) is throwing a "birthday bash" celebration for its customers. For 50 hours starting at 11 p.m. Eastern Thursday, the electronics chain will offer Black Friday-like deals on a swath of products available both online and in stores.

Discounts include $150 off certain Apple (AAPL) MacBook Pro computers, $400 off a 65-inch Samsung (Korea Stock Exchange: 593-KR) 4K ultra-high-definition TV and $180 off Beats Studio wireless headphones. Online shoppers will be given free two-day shipping on most items included in the sale.

Best Buy said its sale is "just in time" for back-to-school shoppers to stock up on their technology needs. The event also comes more than a month after Amazon's second annual Prime Day, which was the online retailer's biggest sales day ever . The inaugural Prime Day event was created to mark the company's 20th anniversary.

The first Best Buy store opened in St. Paul, Minnesota, on Aug. 22, 1966, under the Sound of Music name. The retailer's name was changed to Best Buy in 1983.