Electronics
Dutch e-tailer Coolblue has delayed the IPO it had announced for this month. The current conditions on the stock exchange are too uncertain - but are recent reports about a drop in profit margin to blame as well?
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German electronics chain MediaMarkt is planning to integrate a marketplace into its Belgian and Dutch webshops, a function that already is available in Germany.
Coolblue's profitability has suffered badly in the last few months, especially due to staff shortages. This is bad news days before the webshop's planned IPO.
MediaMarkt is bringing its Tech village store concept to the centre of Rotterdam. After Milan, this is the second European city where the electronics giant is launching its experience store concept.
Coolblue is preparing for its IPO. This month the e-commerce player goes to the stock exchange in Amsterdam. The company wants to raise an amount of 150 million euros.
Apple is giving its store employees a one-off bonus of no less than 1,000 dollars (853 euros) next month. In this way, the iPhone maker hopes to keep current employees on board.
Dutch photo and video specialist Kamera Express has strengthened its position in Europe by acquiring the German Foto Gregor group, a chain with nationwide coverage in Germany.
Aldi is going to sell refurbished iPhones in its Belgian stores from this weekend on. This follows a similar initiative in the United Kingdom last year.
Dutch e-tailer Coolblue is likely to make a second attempt to go to the stock market in the coming weeks. However, it is currently unclear whether this will be in Amsterdam or Brussels.
Dutch e-tailer Coolblue has announced it will open its third store in Antwerp. It will be three times as big as the current store, its oldest existing store in Belgium. As such, the plans symbolise Coolblue's explosive growth in Belgium.
Over the last three months, Ceconomy, the parent company of MediaMarkt and Saturn, has seen comparable sales increase by around 8 per cent. However, in Germany, the group's most important market, the recovery is slow.
Coolblue’s Belgian turnover grows faster than its group turnover, thanks to the opening of new stores and the roll-out to the French-speaking part of the country. The retailer belongs to the winners of the corona crisis.
At the end of this year Coolblue will open its first German store, more specifically in Düsseldorf. About a year ago the electronics webshop started with its first deliveries in Germany.
Dutch e-tailer Coolblue is to open a sixth Belgian store in Kuurne by the end of the year, its first in the coastal province of West Flanders.
Google has opened its first physical store in New York: the flagship store mainly displays the company's electronic devices, but also services such as Google Translate and YouTube.
With Hubside.Store, a new, ambitious player appears on the 'refurbished' multimedia market. The French retailer is opening 20 Belgian stores this year and is also growing rapidly elsewhere in Europe. The approach? Sustainable consumption.
