Latest in Amazon

Image credit:

Best Buy founder wants slashed prices, Apple-style customer service in $10 billion rescue plan

29 Shares
Share
Tweet
Share
Save

Sponsored Links

Best Buy founder Richard Schulze is proposing a plan to turn around the ailing electronics store as part of a $10 billion buyout. He's proposing the retailer slashes prices to compete with online rivals like Amazon, while offering Apple Store-levels of customer service. He's concerned that the current closure and size-reduction policy will spell the end of the business, which is rumored to announce another round of closures shortly. It's yet to be seen if his plan, which would mean running Best Buy at a loss for several years, would be accepted by the company's management, who are meeting to discuss the proposals at the end of the month.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
29 Shares
Share
Tweet
Share
Save

Popular on Engadget

Engadget's Guide to Privacy

Engadget's Guide to Privacy

View
YouTube CEO apologizes for channel verification mess

YouTube CEO apologizes for channel verification mess

View
Apple’s new iPhones can better manage your battery as it ages

Apple’s new iPhones can better manage your battery as it ages

View
Porsche welcomes challenge from Tesla as it adapts to the EV world

Porsche welcomes challenge from Tesla as it adapts to the EV world

View
Fujifilm's X-Pro3 mimics film cameras with a fold-out display

Fujifilm's X-Pro3 mimics film cameras with a fold-out display

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr