Retailers & Distributors

Dixons-Carphone Warehouse Merger Update

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Following the 24 February announcement of a possible Dixons-Carphone Warehouse merger further details emerge on the situation-- the Takeover Panel grants a negotiation extension.

Dixons CPWInitially the Panel set a 24 March deadline for the deal to create a mega CE retailer worth around £3.5 billion. However the retailers "require more time to evaluate a potential merger of the two businesses," and thus deadline has been extended to 19 May 2014.

"Discussions are still ongoing and there can be no certainty that a firm offer will be made," a joint statement reads.

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Russia's Megafon Returns to iPhone

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Second-biggest Russian operator Megafon returns to the iPhone after 5 years of break, with plans to buy "at least" 750000 iPhones from Apple over the next 3 years for resale purposes. 

MegafonReuters reports the Russian operator is also committing around $28 million (1 billion rubles) on iPhone marketing, advertising and promotion over the 2013-2016 period.

Megafon stopped carrying iPhones in 2009 following a sales guarantees dispute. Vimplecom, the 3rd biggest Russian carrier, signed a similar deal back in Q3 2013. 

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RadioShack to Close 1100+ U.S. Stores

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Sales fell 20% to $935.4 million during Q4 2013, while the retailer's net loss hit $191.4 million. It was the 8th consecutive quarterly loss. And sales at stores, the ones open at least a year, sank 19%.

Radio Shack front

So what do you do? RadioShack's new management plans to close up to 1100 stores. Which stores get the axe will be determined by location, area demographics, lease duration and financial performance.

The average size of a RadioShack store is 2426 square feet. That compares to Best Buy with 1200 square foot Best Buy Mobile stores as well as 20,000, 30,000 and 45,000 square foot Best Buy big box stores.

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Dixons, Carphone Warehouse in Merger Talks

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Dixons and Carphone Warehouse confirm discussions are taking place on a possible merger between the two companies-- one creating a mega CE retailer worth around £3.5 billion.

Dixons CPWHowever a press release insists "discussions are at a very preliminary stage and there can be no certainty that a transaction will be forthcoming."

Carphone Warehouse is the biggest of the two retailers, with a market capitalisation of £1.8bn and around 2000 stores in 7 countries. Dixons is valued at £1.7bn and has 1154 stores spread across 12 countries.

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Asymco on Apple Retail

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According to Asymco Apple once saw "quantum jump" in retail store traffic, but only in the actual meaning of the term in question-- as in less of a "giant leap" and more of a "specific, discrete jump."

Apple Store Visitors

How so? Fiscal 2012 saw 372 million visits to Apple Stores. Fiscal 2013 saw 395 million. The numbers might be massive (the increase comes to 23m, the approximate population of Australia), but as plotted graphically (above) against past visitor number, growth appears to be relatively modest, if not on the slowdown.

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