Electronics
With Hubside.Store, a new, ambitious player appears on the 'refurbished' multimedia market. The French retailer is opening 20 Belgian stores this year and is also growing rapidly elsewhere in Europe. The approach? Sustainable consumption.
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Despite the drastic impact of the Covid pandemic on the retail industry, Apple has said it will continue to expand the number of physical retail outlets.
The future of retail lies not in selling products but in building a platform on which consumers can share their passion. CEO Ben Cornelisse describes the unique retail model of Kamera Express.
This summer, Google will open its first-ever physical shop in New York. Customers will be able to go there to buy the tech giant's hardware products and get support.
As of 1 August Dr Karsten Wildberger will be the new CEO of Ceconomy. He will also become CEO of Media-Saturn-Holding-GmbH (MediaMarktSaturn), bringing an end to the double management structure.
Coolblue was able to quadruple its net profit last year: it went from 15.2 to 61.1 million euros. This implies a record-breaking profit for the electronics retailer, which is aiming for an IPO.
Kamera Express will acquire its German counterpart GM Foto. The Dutch photography and video specialist now operates another two superstores in Germany.
Electrolux exceeded expectations in the first quarter. The Swedish home appliance manufacturer is positive for the rest of the year but is concerned about the shortage of electronic components.
Despite a strong first quarter, Fnac Darty upholds its outlook for 2021, targeting slight growth in sales and operating profit compared to 2020.
Dutch e-tailer Coolblue has delayed its IPO to "after the summer" as its shareholders need more time to prepare for the step. According to analysts, the decision is exceptional and not without any risk.
Samsung expects 44 per cent more profit from the first quarter. The Korean company sold especially more smartphones and television sets.
Korean LG Electronics, once the world's third largest smartphone producer, is quitting that particular market to focus on other activities.
Media Markt and Saturn continue their cost-cutting course: in the German home market, 13 stores are closing, and 1,000 employees are losing their jobs. The retailer is also cutting some jobs in Belgium, but no Belgian outlets will be closed.
Philips is selling its domestic appliances department to the Chinese investor Hillhouse Capital. In recent years, the Dutch multinational has divested most of its consumer products to increase its focus on medical technology.
Electronics group Fnac Darty, also the owner of Vanden Borre, benefited from a strong online year in 2020 and wants to hold on to that applying a new strategic plan. In Belgium, for instance, they will launch a subscription service for repairs.
Amazon is launching 'Build It', the latest project for its Day 1 Editions programme. Only when there is sufficient interest in a device or design will it be produced.
