Retail news
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Carphone connections fall
- Posted:
- 24 January 2012 09:44
Carphone Warehouse has said that connections fell by over 16% at the end of 2011 after a slump in demand for pre-pay mobile phones.The retailer, which has 2,400 outlets across Europe, estimated the pre-pay market as a whole fell by as much as 40% in the UK during the quarter ...read more
Carphone pulls plug on Best Buy ‘big box’ stores
- Posted:
- 07 November 2011 12:40
As part of a series of strategic initiatives and trading results announced today Carphone Warehouse (CPW) has said it intends to close its 11 'big box' Best Buy stores, leaving more than 1,000 employees with an uncertain future. The closures are to be made by the end of the calendar ...read more
Comet owner considers "strategic alternatives"
- Posted:
- 22 June 2011 10:15
The owner of Comet signalled further upheaval on the high street today after admitting it was examining its options for the loss-making chain.Kesa Electricals is working on a plan to revive Comet's fortunes but at the same time said it is considering its "strategic alternatives", which it is thought could ...read more
Carphone conundrum over Best Buy
- Posted:
- 14 June 2011 10:03
Retailer Carphone Warehouse today said it was considering options for its consumer electronics arm amid widening losses for the new venture.Best Buy UK, which operates 10 so-called Big Box stores, reported an underlying loss of £62 million, compared to £21 million the previous year.The business, which launched its first store ...read more
Best Buy expansion plans wavering
- Posted:
- 13 June 2011 09:41
Best Buy in the UK was today reported to be close to shelving its expansion plans after a sharp downturn in consumer demand for electronics.The chain, which operates 10 out-of-town stores, has one more outlet due to open this year but is not expected to open any more beyond that, ...read more
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