Belgian telecom chain ALLO Telecom, a Base subsidiary, will close 27 stores as the "telecom market has been through huge changes" with increased competition and new laws regarding contract termination by the customer. With the closures, Base hopes that the future of the remaining stores can be assured and that a restructuring can help improve the profitability.
ALLO Telecom closes 27 stores
South Korean Samsung has managed a record profit in its past quarter thanks to strong chip sales. However, one of its three CEO’s still decided to resign.
A little more than a year after Fnac and Darty merged and several months after CEO Alexandre Bompard suddenly moved to Carrefour, the French entertainment and electronics group Fnac-Darty introduced its new board.
Desktop computer sales have slumped once more in the third quarter, down 3.6 %. It is the third straight year of dwindling sales, according to research firm Gartner.
It is no secret that Apple is using its arch rival Samsung for screens and chips, but it is remarkable to hear that Samsung will earn (a lot) more from the iPhone X than from its own Galaxy S8.
Ceconomy, the newly-formed electronics company that split off from the Metro Group, grew 1.1 % in its first independent quarter. The owner of Media Markt and Saturn saw its web shops outperform physical stores.
Taiwanese technology company HTC may be looking for a new owner as competition is becoming stronger. The company is now looking for options to raise funds for a battle plan.