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

Best Buy founder wants slashed prices, Applestyle customer service in $10 billion rescue plan

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.

Filed under:

Best Buy founder wants slashed prices, Apple-style customer service in $10 billion rescue plan originally appeared on Engadget on Fri, 10 Aug 2012 11:06:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceWall Street Journal  | Email this | Comments

Ask Engadget: best online storefront for a small business?

Ask Engadget

We know you've got questions, and if you're brave enough to ask the world for answers, here's the outlet to do so. This week's Ask Engadget inquiry is from Cesar, who wants to become the next eBoy. If you're looking to send in an inquiry of your own, drop us a line at ask [at] engadget [dawt] com.

"I design and make customized t-shirts in my town, and over the last two years they've become pretty popular. I've had to expand to keep up with all the demand, so now I'm looking at taking my business online, but I don't know anything about building my own e-store. What's the best way for a newbie to start their own e-store? I've been looking at services like Wix, but can you think of anything better? Thanks in advance!"

We're always looking to ask questions that are a little bit different than "help me pick an Android tablet" and this one's a real doozy. In a former life we once had to help build a site that used POWA, which we were quite taken with, but that's as far as our knowledge goes. Perhaps one of you knows of a truly excellent e-commerce platform for small businesses and can point Cesar in the right direction. Go on, let's be good to one another.

Ask Engadget: best online storefront for a small business? originally appeared on Engadget on Sat, 23 Jun 2012 23:15:00 EDT. Please see our terms for use of feeds.

Permalink   |   | Email this | Comments