Retailers & Distributors

Mobiles Lead to Merry Dixons Carphone Christmas

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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.

Dixons CarphoneThe 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."

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Dixons Carphone Shows Growth Amidst Brexit Concerns

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

Dixons CarphoneOverall 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.

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Dublin to Get First Apple Store?

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Independent.ie reports Natrium, the consortium behind the acquisition of the Clerys department store in O'Connell Street, Dublin, is trying to convince Apple to rent the location.

Clerys DublinNegotiations have been reportedly going on for "several months," even if Apple is still to confirm whether it will open a first Store in the country. Then again, Apple secrecy covers retail operations as well as devices, meaning it will only officially announce such plans once the outlet is under construction.

Clerys closed down back in June 2015-- a closure deemed controversial by many, not only because the department store was a Dublin fixture for the past 40 years, but also because it led to the loss of 460 jobs. It was bought by Clerys for €29 million after it entered receivership.

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Chinese Company Buys Ingram Micro

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Ingram Micro HQOut of the blue sea, Tianjin Tianhai from China announced it will buy Ingram-Micro, the world's largest technology distributor for $6 billion.

$6 billion for a $46 billion company tells you a lot about the business of high tech distribution. But this story is not about the HOW MUCH but more about the WHO and the WHY.

Tianjin Tianhai began as a humble marine shipping company and turned itself into a modern logistic industry investor and operator, focusing on investment in logistics, supply chain and management-- and financing service for the logistic industry.

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RadioShack Returns to Roots

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CEO Ron Garriques says he’s returning RadioShack to its roots as “the neighborhood source” for electronics.

Ron Garriques CEO RadioShackBut is is too late? RadioShack lost most of 2015, fighting bankruptcy and finding a buyer (a group lead by Standard General, an American hedge fund specializing in distressed debt).

The company downsized from 7000 to 1700 (but 1400 of those are co-managed by Sprint, leaving the company only 300 "own" outlets.)

It also kept more than 500 of its approximately 850 independent, franchised RadioShack dealers following its bankruptcy sale.

Black Friday in USA marks the transformation as the chain described its pre-Thanksgiving sale as “a thank you to our loyal customers — particularly those who don’t like to get trampled at big-box stores on Black Friday.”

“We know the past year has been difficult on the RadioShack community, with our shelves recently missing that one-off electronics component, cable or connector you needed or that mini drone you were searching for,” acknowledged CEO Ron Garriques in an interview with USA Today. “But now we are stronger than ever and fully restocked with over 20 million new units and proud to return to our roots as the neighborhood source for affordable and cutting-edge electronics.”

RadioShack store

Garriques served as President, Global Consumer Business, for Dell. He was responsible for Dell’s portfolio of consumer products, including desktops, laptops, tablets and mobiles at the time.

Before that, Garriques was at Motorola, heading mobile devices, where a lot of fingers pointed his way for the demise of Motorola during the RAZR days.

That failed stint as Executive Vice President and President, Mobile Devices Business at Motorola doesn't necessarily detract from his ability to lead Radio Shack to success... but generally manufacturing execs make terrible retail bosses.

Yet the new positioning of the stores (back to the future!) sounds right to us. [Read our previous RadioShack editorial.] 

But with the majority of outlets being co-managed by Sprint and a CEO from mobile manufacturing, will RadioShack shake off its mobile phone centricity?

Go See RadioShacks' Black Friday deals