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

Retailer News

$200 Million Kickback Scandal at Fry's in USA

E-mail Print PDF
$200 Million Kickback Scandal at Fry's in USA

Fry's Electronics VP Ausaf Umar Siddiqui allegedly bullied his way into $200+ million in kickbacks from vendors (who wanted space on retail shelves) as he tried to pay off his Vegas-size gambling debts.

Common in some markets, such kickbacks are relatively rare in USA and will probably earn Omar (as Mr. Siddiqui, son of a Pakistani diplomat, preferred to be called) a jail sentence for embezzlement, wire-fraud and money-laundering.

The "commissions" were so large that Lead Data International Continue reading...

Misco Launches Video Podcast

E-mail Print PDF
Misco Launches Video Podcast

One of Europe’s largest online retailers of electrical and technology products will join the YouTube era and  launch a new monthly video podcast. Misco will use the regular video podcast to reach customers with technology updates and product news, thereby  leveraging site traffic, providing a more compelling user experience, encouraging “more informed” buying choices, and directly adding value to its products through a modern, in-your-face communications channel.

  Continue reading...

Blu-Ray’s Last Move

E-mail Print PDF

 The market window (before digital downloads and VoD overtake movie disc sales and rentals) is rapidly closing. Retail chains will slash prices of Blu-ray players to provoke mass adoption of the hi-def movie format. In USA, entry-level Blu-ray players have already dropped below $230 at major retailers-- including Target, Wal-Mart Best Buy. Some predict a cost below $150 before Christmas.

Go US Retailers Cut Blu-Ray Prices

Best Buy’s Mobile Lifestyle Stores

E-mail Print PDF
Best Buy’s Mobile Lifestyle Stores

Unlike previous Best Buy mobile stores, Mobile Life stores will focus on mobile lifestyle and feature-connected laptops, data devices and CE appliances that connect to mobile networks.

"These stores are going after a much bigger space than mobile phone retail competency," Best Buy Mobile Marketing VP Scott Moore says. Sure, these devices are available at Best Buy’s big stores, but Mobile Life stores will concentrate them in a single location and show how they create a larger wireless Continue reading...

Staples to Sell Managed Services

E-mail Print PDF
Staples to Sell Managed Services

Tech Data already does it; so does Ingram Micro. So why not a retailer? Staples goes mass market in USA with Network Services by Thrive, managed services for small businesses (20 to 250 employees). 

The three services offerings: Thrive Protect, Thrive Onsite and Thrive Online Backup. Thrive Protect. Several large retailers in USA offer managed services for consumers. But Staples' will draw more attention to the managed services market as it targets SMB/SOHO business segment.

Go Continue reading...

MediaMarkt Opens Its Largest Store in Turkey

E-mail Print PDF

Media Markt opens its biggest store in Turkey at a shopping mall named "Ankara Forum". More than 70,000 electronics products are on the shelves of the store.

The first Media Markt store in Turkey opened in 2007. As of the beginning of 2008, Media Markt has over 500 superstores throughout Europe.

Go MediaMarkt Turkey

Eldorado Leans on PPF

E-mail Print PDF

Czech finance group PPF Group now holds 50% of Eldorado, the Russian consumer retailer. Eldorado knows the finance group well-- the retailer’s main consumer credit partners belong to the PPF Group.

Between $400-800m was extended as financing requiring Eldorado stock as security. That’s surprisingly low when estimates once placed Eldorado’s 1500+ chain at nearly $5 billion. But when you need cash…

"Among others, the conditions of additional financing assume a possibility Continue reading...

Which Eldorado is Really Bankrupt?

E-mail Print PDF

by Alex Rosenfeld Continue reading...

Eldorado Leans on PPF

E-mail Print PDF
The Czech finance group PPF Group now holds 50% of Eldorado, the Russian consumer electronics and household appliances retailer. Eldorado knows the finance group well as the retailer’s main consumer credit partners belong to the PPF Group. Continue reading...

Page 38 of 42