Visit our other websites:    On CE    eSP    Mobile Channels    ECI news    rAVe Europe    Digital Signage News EMEA    iChannels

Retailer News

Media Markt Opens Concept Store

E-mail Print PDF
Media Markt Opens Concept Store

Media Markt plans to open a new store concept in Wilrijk and Eindhoven, adding a snack bar, coffee bar complete with barista and even a beauty salon.

The stores are designed to ensure a longer and more pleasant shopping experience. As such, furnishings are cozy while several seating areas allow customers to test out products. There are even areas where customers can race drones, play games and test out virtual reality hardware.

Continue reading...

Amazon Buys "Amazon of the M. East"

E-mail Print PDF
Amazon Buys

Amazon wants to bolster its presence in the Middle East with the acquisition of Souq, the online retailer often described as "the Amazon of the Arab world."

"Amazon and Souq share the same DNA-- we’re both driven by customers, invention, and long-term thinking,” Amazon says. "Souq pioneered e-commerce in the Middle East, creating a great shopping experience for their customers. We're looking forward to both learning from and supporting them with Amazon technology and global resources. And together, we’ll work hard to provide the best possible service for millions of customers in the M. East."

Souq sells CE, as well as fashion, household items and other goods. It claims to be the largest e-commerce player in the region, and was valued at $1 billion during its last round of funding back in 2016. Last year Souq was reportedly in talks with Amazon to sell a 30% stake, a deal also putting its value at $1bn, but TechCrunch sources claim the final asking price for the deal comes to around $650 million.

Continue reading...

Mobiles Lead to Merry Dixons Carphone Christmas

E-mail Print PDF
Mobiles Lead to Merry Dixons Carphone Christmas

Dixons Carphone reports strong results for the 2016 Christmas season, with fiscal Q3 2016 (ending 9 January 2017) revenues growing by 5% Y-o-Y thanks to mobile device sales.

The company also points out TVs and domestic appliances and best sellers, as well as record sales seen during the Black Friday and Boxing Day discount periods.

“I am pleased to be reporting another good Christmas period of growth-- our 5th consecutive year," CEO Sebastian James says. "At a time of significant political uncertainty around the world, it was heartening to see that customers were choosing to enjoy the benefits that new technologies could bring to their lives during this holiday season."

Continue reading...

Amazon Debuts Checkout-Free Supermarket

E-mail Print PDF
Amazon Debuts Checkout-Free Supermarket

After all but conquering online shopping Amazon takes on the challenge of brick-and-mortar retail-- presenting a supermarket with no cash registers and associated queues in its home town Seattle.

The "Amazon Go" store sounds like a science fiction vision of shopping in the future. Customers tap their smartphone on a turnstile when they walk into the store, logging into the store network and their Amazon account. Then they pick up their groceries and, once done, simply walk out, with the Amazon online shopping system handling the required monetary transaction. Amazon calls it "Just Walk Out Shopping," and while details are hazy the company says the technology behind it is derived from that powering self driving vehicles.

Thus, the company throws a bevy of buzzwords to describe how the system works-- computer vision, sensor fusion, deep learning. Apparently Amazon has a combination of sensors and AI sophisticated enough to determine what individual customers are looking at (even in a crowd!), identify partially blocked labels and remove an item from one's virtual shopping cart if it is removed from the real one.

Continue reading...

Carphone Warehouse Trials Concept Stores

E-mail Print PDF
Carphone Warehouse Trials Concept Stores

Carphone Warehouse is testing out a new store format in the UK, with two outlets in Stratford and Swindon featuring a more flexible layout allowing easy fixture and fitting updates when required.

The trial layout accommodates more change, more quickly, be it adding a smartphone range or display upcoming technologies. It also gives more prominence to accessories, a device category the retailer says is going "from strength to strength," and Carphone Warehouse's own MVNO iD Mobile carrier service.

Continue reading...

Best Buy Sets Space to Startup Projects

E-mail Print PDF
Best Buy Sets Space to Startup Projects

In what is perhaps a sign of the times Best Buy launches Ignite-- an initiative dedicated to promoting products from startups and smaller companies, including crowdfunded devices.

Through Ignite Best Buy will hook up select startups with multinational product innovation company PCH, providing help with product development, marketing, packaging and inventory management. Once the products are finished they will appear on a section of the best Buy website dedicated to startups, a move similar to Amazon's Launchpad initiative.

In addition, the Best Buy store in Silicon Valley has an Ignite space housing a selection of crowdfunded gadgets-- including the Tangram Smart Rope, Flic smart button, RoBo 3D printer, Zuli smart plug and the Noke Bluetooth padlock. Also making an appearance is the Under Armour UA Healthbox fitness wearable, the Muzik connected headphones and the Bragi wireless earpods.

Continue reading...

Dixons Carphone: Looking for Profit in All the Right Places

E-mail Print PDF
Dixons Carphone: Looking for Profit in All the Right Places

reprinted with permission from IFA INTERNATIONAL

Profit is up 17% before tax at Dixons Carphone plc. The profit picture tells a story of success despite a mercurial market and a merger (Dixons and Carphone Warehouse merged two years ago and many pundits had predicted failure.)

This year Dixons Carphone’s ambitions include re-making every one of the former Dixons stores into one of their newly-designed 3-in-1 shops, introducing a new e-commerce platform to Carphone Warehouse, opening Europe's most Continue reading...

Authorities Approve Fnac Darty Takeover

E-mail Print PDF
Authorities Approve Fnac Darty Takeover

The saga of the Fnac acquisition of Darty comes to a close, as the French competition authority gives the go ahead for the creation of the largest CE retailer in the country.

Combined Fnac-Darty sales total nearly €8 billion, allowing the company to better compete with the online likes of Amazon. However approval from the authorities required the sale of 6 stores-- specifically 4 Darty stores in Paris, 1 in the Parisian suburb of Vélizy-Villacoublay and 1 Fnac store.

"The divestiture of these six stores to one or more retailers of electronic products will guarantee realistic choices to the consumer, capable of maintaining pricing and services conditions competitive at a local level," a statement from the competition watchdog reads.

Continue reading...

Dixons Carphone Shows Growth Amidst Brexit Concerns

E-mail Print PDF
Dixons Carphone Shows Growth Amidst Brexit Concerns

Dixons Carphone reveals post-EU referendum contingency plans as it announces "record" profit growth of 17% for the fiscal year ending April 2016.

Overall sales for the chain covering Currys, PC World and Carphone Warehouse in the UK, as well as Elkjob and El Giganten in the Nordics and Kotsovolos in Greece, total £9.74 billion, while pre-tax profits reach £447 million, up from £381m a year earlier.

Boosting growth for the retailer in the UK are the Rugby World Cup spurring TV sales and strong demand for fridges and freezers offsetting weak PC sales. Dixons Carphone also found an opportunity in selling technology to other retailers through the Connected World Services division-- a US trial with Sprint revenues reach £152m with 26% growth during the 12-month period.

Continue reading...

Page 1 of 38

  • «
  •  Start 
  •  Prev 
  •  1 
  •  2 
  •  3 
  •  4 
  •  5 
  •  6 
  •  7 
  •  8 
  •  9 
  •  10 
  •  Next 
  •  End 
  • »