According to the GfK Retail Report, Belgian non-food is still on the slide, for the fourth quarter in a row. 2014 too had quite the bad start, but the consumer electronics sector is hoping for a lift with the world championship football, even though decreased tablet and smartphone prices have led to lower turnover.
GfK Retail Report: bad start to 2014
An Edinburgh-based store of British chain Margiotta halted its Pepper robot experiment after merely a week, because its customers apparently found it too confusing.
Media Markt and Saturn’s parent company, Ceconomy, issued an alert warning it would probably have weaker first quarter results.
Korean technology firm Samsung has released preliminary quarterly results indicating it forecasts record profits in 2017’s fourth quarter. Nevertheless, it does not seem it can live up to analysts' expectations.
Erich Kellerhals, co-founder of electronics chain MediaMarkt, has died on Christmas day, aged 78. The German laid the foundation for one of the world’s largest electronics chains in 1979.
Media Markt and Saturn’s new parent company, CECONOMY, has performed well in its fiscal year 2016/2017. Its 1.3 % turnover increase was largely thanks to improved online sales.
Supermarket firm Carrefour and electronics seller Fnac Darty are considering an alliance for their electronics acquisitions. The combination could lower purchase prices.