View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
October 4, 2012

Best Buy plans to cut online prices to compete with Amazon

The company has named Scott Durchslag as president of online and global e-Commerce

By CBR Staff Writer

US based consumer electronics retailer Best Buy is planning to reduce online prices of merchandise to compete with Amazon.

Best Buy president of digital, global marketing and strategy Stephen Gillett was quoted by Bloomberg saying that "Best Buy sets prices for televisions, tablet computers and smartphones based upon "what is selling online, what is selling in the store, what is selling with the competition."

In another development, Best Buy has named Scott Durchslag as its senior vice of president and president of online and global e-Commerce effective 8 October 2012.

In his role, Durchslag will report to Gillett and will be responsible for the companty’s global e-commerce channels, including BestBuy.com and mobile commerce.

Prior to joining Best Buy, Durchslag was president of online travel agency Expedia Worldwide.

Durchslag was also a McKinsey & Co. partner and was COO of Skype before it was acquired by eBay and also managed several mobile business divisions at Motorola.

Best Buy president and CEO Hubert Joly said: "Scott’s arrival at Best Buy signals our determination and commitment to create a world class customer experience – both online and in our stores."

Content from our partners
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape
Green for go: Transforming trade in the UK

In April this year, Best Buy’s chief executive officer and director Brian Dunn had resigned during an investigation into allegations of ‘personal misconduct’.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU