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CELLPHONE RETAIL CHAINS
Gas at $4: Americans cut back on discretionary spends as fuel bills mountAmericans are adjusting their spending as fuel prices climb. Shoppers are altering routines, visiting discount stores for gas, and cutting ...- Amazon aims to revolutionize fast delivery with new 30-minute systemAmazon is revealing a new service offering deliveries in 30 minutes or less for an additional charge. This ultrafast delivery, called Amazo...
- US retail sales rises 1.7% MoM in March driven by gas price spike due to the Iran warA spike in gas prices due to the Iran war, now in its eighth week, resulted in a hefty 1.7% gain in retail sales in March after a revised 0...
- Ensure level-playing field or face boycott: Offline trade tells mobile, electronics brands“We are meeting all the mobile phone brands, urging them to provide a level-playing field to the offline channel along with online,” said T...
- Pre-Diwali sales see an uptick compared to last year: RetailersLeading electronics retail chain Vijay Sales director Nilesh Gupta said this weekend sale was reasonably good even though the usual bouyant...
- Festive season: Consumer electronics, phone companies giving retailers record margins to boost salesBrands usually pass on 2-3 percentage points of extra margin in the period between Navratri and Diwali. This year it’s been raised to 4-6 p...
- Realme to partner with offline retail chains; expand reachAs of now, offline sales accounts for 20% of Realme’s revenue with presence in 8,000 cellphone stores in 50 cities.
- Brands offering online discounts may face the wrath of brick-n-mortar storesOffline stores to take action if co don’t curb online discounting or stop launching cheaper, online-only models.
- Spice to now exit ‘Non-core’ cellphone retailing businessMohanty, who was part of Hotspot’s founding team and is also its chief financial officer, refused to divulge the name of the private equity...
- Sales of Oppo, Vivo drop 30% in JulySales of Oppo and Vivo declined 30% in July and they continue to remain down this month, according to four leading cellphone retail chains ...
- Essar Group mulls selling stake in The Mobile Store to strategic investorThe Mobile Store has shut 400-odd stores in the past 18 months and several brands have stopped supplies to it due to outstanding payments.
- Dubai’s Jumbo Electronics to say goodbye to IndiaJumbo, which has already informed its 145-odd staff in India to look for a change, will move out by March this year, shutting its 16 stores.
- Spice, Optiemus to merge mobile retailThe move is a precursor to a merger between them that will eventually lead to the sale of a sizeable stake in the combined entity.
- Peepul Capital nears deal with Ashok Gupta for UniverCell Telecommunications saleUniverCell Telecommunications, the country’s second-largest cellphone retailer, may be about to change hands as ecommerce takes a toll.
- Himanshu Chakrawarti quits as chief executive officer of The MobileStoreChakrawarti, 48, said he decided to step down as he wanted to either start his own venture or join a startup in the consumer space after a ...
- E-commerce takes its toll; cellphone retail chain Univercell planning to exit businessThree leading cellphone retailers in south India, Sangeetha Mobiles, Poorvika Mobiles and BigC Mobiles, have also decided to combine resour...
- Phone retailers try new numbers in online fightbackSome chains even reported an up to 40% fall in cellphone sales since last Diwali with Flipkart, Amazon and Snapdeal running huge discounts.
- Offline retail to compete with online as economy showing signs of recoveryBrands such as Samsung and Sony are also planning to pitch in with money for joint advertisement campaigns and offline deals.
- Apple iPhone 5c and 5s sell like hot cakes in IndiaiPhone 5c and 5s models fly off the shelves across major retail chains in record time. This is the first time a new iPhone model got sold o...
- Road to rural India costly for foes: NokiaNokia expects its broad sales network, brand cachet and commanding market share to keep it ahead in India despite an aggressive push by riv...
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