Best Buy Wants to Cut Prices; Founder Proposing 10$ Billion Buyout

[GoldenGlove]

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.

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

It would be cool if Best Buy did have the "best buy"

 

[Why-Fi]

would be nice if best buy had amazon prices with reward zone kept intact...but i gotta say amazon CS >>> apple CS, and that shyt aint even close

 

[Atlrocafella]

One shop closes another gets bigger.

 

[Fatboi1]

fukk bestbuy! amazon, craigslist for life.

 

[Champion]

Amazon

 

[Jesus]

fukk them either way.

 

[Rekkapryde]

would be nice if best buy had amazon prices with reward zone kept intact...but i gotta say amazon CS >>> apple CS, and that shyt aint even close

Yeah. Amazon ain't to be fukked with. No stores makes their overhead so low it's rediculous

Sent From My Nexus S 4G nikka!

 

[Optimus Prime]

Since Amazon been floating out that same day delivery service idea, BB should try to merge with them.

 

[newworldafro]

I like the brick and mortar experience with technology......

 

[Conz]

i havent bought a damn thing in best buy in almost a year, but i do kinda miss goin there. used to be a tuesday tradition

 

[JoelB]

I was shopping at Amazon while working at Best Buy...fukk them nikkas

 

[Loose]

I like the brick and mortar experience with technology......

I do too, you cant go online for everything

 

[Arrogance.]

I like the brick and mortar experience with technology......

Best Buy is Amazon's showroom

And it will be that way as long as there's too many physical Best Buy stores, and those stores have shyt staff. It's nice to say you want to drop prices and have Apple level of CS (I assume the CEO means Apple's in store experience) but I doubt that they will be willing to do the things they need to do to accomplish this goal, if only because it's going to be expensive at the beginning.

Merging with Amazon makes sense from the BB standpoint, but what does BB offer Amazon? They already have two day shipping for Prime members and are working on a distribution chain that would allow for same day delivery. Combine that with their customer service and aggressive price structure and you don't need a brick and mortar chain that has a shytty reputation.