Retailers & Distributors

Dubai Apple Store Faces Delay

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The opening of the first Apple Store in the United Arab Emirates (UAE) gets pushed back by "at least a month" to October 2015, The National reports, even as the company plans to open more outlets in the region.

Apple Store UAEThe Dubai Mall of Emirates is to house the first UAE Apple Store. The company is also reportedly planning to open a second location in the Dubai Mall, as well an Abu Dhabi store.

News of the store opening delay comes as Bloomberg reports Apple managed to get an exemption from UAE foreign ownership laws-- according to "two people with knowledge of the matter" Apple will get 100% of operation ownership in the region.

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Apple Watches Reaches Fnac

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France's Fnac joins a fairly exclusive club by becoming one of the few third party retailers selling the Apple Watch, with initial sales taking place at the retailer's Champ Elysees outlet and Fnac.com.

Apple Watch FnacThe retailer says employees will get special training for an Apple Store-style experience before sales expand to 50 other locations in the coming weeks.

So far only a few luxury boutiques (such as the Galeries Lafayette) can offer the Watch outside of Apple Stores. The situation is similar in the rest of the world-- N. American mega CE chain Best Buy only got the right to sell the wearable device earlier in August.

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Hackers Breach Carphone Warehouse

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Carphone Warehouse suffers a "sophisticated cyber-attack," with hackers possibly getting access to the personal details and bank details of 2.4 million customers, as well as 90000 customer credit cards.

Carphone WarehouseThe breach affects the Carphone Warehouse division operating OneStopPhoneShop.com, e2save.com and Mobiles.co.uk. Also affected are a number of services provided to iD Mobile, TalkTalk Mobile, Talk Mobile, and to certain Carphone Warehouse customers.

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Dixons Carphone Drops The Phone House Portugal

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Dixons Carphone offloads another European unit in efforts to further focus on profitable markets as it sells The Phone House Portugal to regional telecoms retailer and wholesaler Digital Place SA.

Dixons CarphoneThe Phone House Portugal operates 130 stores. It also reports post-restructuring losses of £8 million for the 13 month period ending May 2015, as well as an impairment worth £13m.

The asking price? A "small cash consideration" and a "contingent deferred cash consideration measured against profitability and payable over 5 years."

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"Excellent" First Year for Dixons Carphone

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Dixons Carphone describes the first year following the merger of the two retailers as "excellent," with revenues growing by 6% and pre-tax profit increasing by 21% from £316 million to £381m in the 13 months from May 2.

Dixons CarphonePartly helping such growth is the panic buying of big-ticket items such as large-screen TVs in crisis-stricken Greece, leading to the return to profit of Greek arm Kotsovolos. The retailer also reports strong performance in the UK (Carphone Warhouse, Currys and PC World chains) and the Nordics (Elkjop and El Giganten).

As for cost-cutting exercises the year saw the disposal of the group's non-core French, German, Dutch and Portuguese operations.

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