August 13, 2020

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DISTREE Events strengthens Middle East team

DISTREE Events, the organiser of DISTREE Middle East, has announced the appointment of Mehdi Hasan as Regional Manager for the Middle East region. Hasan will manage the company’s Middle East operations and report directly to Farouk Hemraj, CEO and co-founder of DISTREE Events. Read full story

by Stuart Wilson, Monday 12 October 2015

Jacky’s revamps Dubai Mall outlet

UAE retailer Jacky’s has revamped its flagship retail outlet in Dubai Mall, claiming that it will offer a seamless shopping experience for customers. “Through this new concept, our flagship showroom at The Dubai Mall will allow customers to make the right decision when making a purchase, giving them better interaction and engagement,” explained Mahesh Chotrani, assistant VP at Jacky’s Electronics. Read full story

by Stuart Wilson, Tuesday 6 October 2015

Singapore retailer establishes Challenge Ventures

Singapore-listed Challenger Technologies has established a new subsidiary, Challenge Ventures, to focus on investing in companies and businesses to complement Challenger’s existing business. The company is prepared to inject up to SGD20m (US$13.95m) into Challenge Ventures if suitable investments can be identified. Challenger Technologies currently operates a chain of IT retail stores known as Challenger as well as lifestyle retail concepts such as audio specialty store Musica in Singapore. Read full story

by Stuart Wilson, Friday 2 October 2015

Brazil: Crisis? What crisis?

Last month’s DISTREE Brazil & Latin America 2015 provided deep insight into the Brazilian channel as it deals with a number of economic problems. Vendors, distributors and retailers remain pragmatic about current economic issues, looking instead at Brazil’s long-term growth potential and standing as one of the biggest technology markets in the world. Crisis? What crisis? Read full story

by Stuart Wilson, Friday 2 October 2015

Fnac makes offer for Darty

The French technology retail channel looks set for further consolidation. Fnac has put forward a £533m (US$806.5m) share-based offer to acquire Darty. The two companies will make further announcements on the deal’s progress as appropriate. Fnac claims that the combination of Fnac and Darty offers a compelling strategic and financial opportunity for both groups by creating a leader in the French electronics and home appliances retail market. Read full story

by Stuart Wilson, Thursday 1 October 2015

Innov8 strikes Louis Pion smartwatch supply deal

Connected devices distributor Innov8 has struck a deal to supply smartwatches to 140 Louis Pion stores in France. The deal marks another step forward in the blending of technology and fashion channels, as wearables make their mark in mainstream markets. Innov8 will also educate Louis Pion staff on how best to sell smartwatches and explain functionality to consumers. The deal is further evidence that smartwatches are making the transition from geek to chic. Read full story

by Stuart Wilson, Thursday 17 September 2015

Microsoft boosts online channel reach in Brazil

Vendor giant Microsoft has boosted its online channel reach in Brazil, announcing a tie-up with e-commerce group Cnova, which operates multiple websites including Ponto Frio, Casas Bahia and Extra. The website will host dedicated Microsoft store sections featuring a wide range of the vendor’s portfolio including Xbox, smartphones, tablets, games and accessories. Read full story

by Stuart Wilson, Tuesday 15 September 2015

Ctroniq and Al Sadhan team up for gold promotion

Mobile device vendor Ctroniq has teamed up with Saudi Arabian hypermarket chain Al Sadhan for a five week consumer promotion in the Kingdom. The promotion, which runs until October 5th 2015, will give consumers the chance to win gold each week when they purchase a Ctroniq product. Al Sadhan is also giving away SAR50,000 (US$13,300) worth of gifts each week to consumers during the promotion period. Al Sadhan operates 12 hypermarkets across Riyadh. Read full story

by Stuart Wilson, Friday 11 September 2015

DISTREE Brazil & Latin America meeting scheduler now open

Confirmed delegates for next week’s DISTREE Brazil & Latin America consumer technology channel event in Sao Paulo have started building their personal agendas online, using DISTREE Events’ powerful web platform. The system has already logged more than 2000 meeting requests between delegates, according to the organisers. Read full story

by Stuart Wilson, Thursday 10 September 2015

Dick Smith reports full year figures

Retailer Dick Smith, which operates in Australia and New Zealand, posted sales for the year ending 28th June 2015 of AUD1.32 billion (US$920m) – up 7.5% year-on-year. After-tax profits before restructuring costs climbed 3.1% year-on-year to hit AUD43.4m (US$30.1m), representing a profit margin of 3.29%. Nick Abboud, Dick Smith managing director and CEO, said: “We are pleased to have delivered another solid underlying profit performance in this our second year as a listed company.” Read full story

by Stuart Wilson, Friday 4 September 2015

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August, 2020

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