Swiss Saturn-shops converted to Media Markts | RetailDetail

Swiss Saturn-shops converted to Media Markts

Swiss Saturn-shops converted to Media Markts

Two electronics branches of German retailer Metro are merging in Switzerland: four Saturn shops will be transformed into Media Markt, the other two will have to close, possibly costing 76 jobs.

‘Bad locations’

Because of this measure, the Saturn shops in Wintertur and Spreitenbach will have to close, because there already is a Media Markt nearby. According to a spokesperson, the consultation round with employees about the reorganisation will end late April. The 76 employees of the closing shops will be transferred to other locations as much as possible.

 

Saturn opened its first Swiss location in 2009, but they were never as successful as hoped. According to Media Saturn this was partly due to the choice of bad locations.

 

Media Markt grows to 25 shops

Because of the reorganisation, the number of Media Markt locations in Switzerland will rise with four new shops to a total number of 25. The chain has been active in Switzerland for twenty years.

 

The 21 current Media Markt shops and the six Saturn locations together have 1029 employees and had combined sales of 967 million Swiss francs (over 800 million euro) last year. Furthermore the sales in the first trimester of 2013 went up, says a press release of Media Saturn Switzerland.

Questions or comments? Please feel free to contact the editors


Ceconomy sells its Russian division

21/06/2018

Ceconomy, MediaMarkt's parent company, has sold its onerous Russian division to local electronics chain M.video. The German electronics giant does not quit Russia altogether however, as it continues as shareholder of M.video.

LVMH's Bernard Arnault invests in refurbished phones

14/06/2018

BackMarket, a French start-up that wants to be a marketplace for refurbished smart phones, tablets and laptops, has secured a 41 million euro investment. The most famous new investor is Bernard Arnault, CEO of luxury group LVMH.

Coolblue closes hundreds of web shops

11/06/2018

Dutch e-commerce group Coolblue has terminated hundreds of its web shops, instead preferring one central web shop at coolblue.be/nl. This may be the precursor to an international expansion, the company says.

Xiaomi's European conquest goes through Paris

23/05/2018

Chinese smartphone manufacturer Xiaomi just opened a physical store in Paris, part of its ambitious European expansion plan. The brand is also dreaming of an American launch.

Fnac Darty and MediaMarkt Saturn enter purchase alliance

16/05/2018

French electronics retailer Fnac Darty has set up a purchase alliance with competitor MediaMarkt Saturn. Both companies will buy together when it comes to the European retail market.

Amazon looking to outbid Walmart in Flipkart deal

03/05/2018

The battle for dominance on the Indian e-commerce market seems to be stepping up a notch: Amazon may be looking to buy a majority stake in Flipkart, trying to better Walmart which already started negociations with the Indian online retailer.