May 24, 2017

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Challenger profits rise in second quarter

Singapore-based retailer Challenger Technologies has announced second quarter 2015 sales of S$84.7m (US$60.3m), up 3% year-on-year. After tax profits for the quarter climbed 21% year-on-year to hit S$3.5m (US$2.5m). The increased profitability was due to the closure of Challenger’s loss-making Malaysian operation in the first half of fiscal year 2014. With these losses stripped out of the business, Challenger was able to record improved profit margins. Read full story

by Stuart Wilson, Wednesday 26 August 2015

Ctroniq kids tablet launched in Bahrain

Tablet vendor Ctroniq, its Bahrain distribution partner AJM Kooheji, and retailer Sharaf DG, teamed up to launch a new device aimed at children. The Ctroniq tablet for kids was launched at Sharaf DG’s store in Bahrain City Centre mall. The latest product from Ctroniq is specifically designed for all the young internet enthusiasts and comes pre-loaded with games designed to engross and develop young minds. Read full story

by Stuart Wilson, Friday 21 August 2015

Dick Smith to roll out ConnectedHome section in 100 stores

Retailer Dick Smith has set its sights on grabbing some consumer product sales related to smart homes and Internet of Things (IoT) solutions. During the next five months, Dick Smith will install a ConnectedHome section into 100 stores – 15 in New Zealand and 85 in Australia. The sections will stock small appliances with smart functionality. Dick Smith wants to grab 10% of the small appliance market in the region, which is estimated to be worth AUD1.7 billion (US$1.26 billion) per annum. Read full story

by Stuart Wilson, Friday 14 August 2015

Huntkey ties up with Costco in Australia

China-based Huntkey has boosted its retail channel reach in Australia, announcing an agreement with Costco Warehouse. The deal will see Costco Warehouse stock Huntkey’s SAC804 power strip in its stores. Costco is one of the largest warehouse retailers in Australia with a reputation for carrying quality national and regional brands at prices consistently below traditional wholesale or retail outlets. Read full story

by Stuart Wilson, Friday 14 August 2015

Severin home appliance range extended in UAE

An increased range of Severin kitchen appliances will be made available through UAE retail channels. Juma Al Majid Group, the exclusive distributor for German brand Severin in the UAE, will increase the assortment of products available in the market through its own showrooms and through major retailers and e-tailers. Read full story

by Stuart Wilson, Wednesday 12 August 2015

Huntkey targets Chile through PC Factory

Chinese brand Huntkey has boosted sales in Chile through a tie-up with in-country retailer PC Factory. Huntkey has worked with PC Factory to boost sales of its universal notebook adapters in the Chilean market. Huntkey claims that Chile’s population of 16 million people, coupled with the benefit of importing products duty free, has created an attractive national market for its products. Read full story

by Stuart Wilson, Tuesday 11 August 2015

Croma integrates multichannel approach

Indian technology and consumer electronics retailer Croma has announced plans to integrate its multichannel sales model, combining its physical and online channels into a unified business platform. Croma had been operating its online business, www.cromaretail.com, as a separate business but will now fully integrate with its physical stores to allow new services for customers such as click and collect. Read full story

by Stuart Wilson, Wednesday 22 July 2015

INTERVIEW: Robertus van Eck, Intra Industry

Wholesale and retail product supplier Intra Industry will participate at DISTREE Brazil & Latin America 2015 this September to identify new partners across the region and continue its global expansion. Intra Industry is a mega-assortment wholesale and retail product supplier based in Shenzhen, China, that offers a one-stop-shop concept for importers and retailers around the world. Channel LatAm caught up with Robertus van Eck, managing director at Intra Industry, to learn more about the company’s plans. Read full story

by Stuart Wilson, Wednesday 22 July 2015

Sharaf DG eyes Egypt and Saudi Arabia

UAE-based retailer Sharaf DG has ambitions to launch operations in Egypt and Saudi Arabia, according to local press reports in the UAE. Sharaf DG plans to open its first store in Egypt in 2016 in the Mall of Egypt - a Majid Al Futtaim retail project in Cairo that will feature 400 shops and more than 6000 parking spaces. The new store is expected to cover 18,000 square feet. Sharaf DG is also evaluating options for expansion into Saudi Arabia. Read full story

by Stuart Wilson, Monday 20 July 2015

Amazon makes its move in Mexico

Global e-tail giant Amazon has made its move in Mexico, launching a physical goods store in-country at www.amazon.com.mx. The Spanish-website will offer millions of unique items across multiple categories big screen TVs, computers and laptops, headphones, smartphones, smartwatches, cameras, cables and accessories, plus games consoles and thousands of games titles. Consumers will receive free shipping on all orders above MXN599 (US$38). Read full story

by Stuart Wilson, Wednesday 15 July 2015

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