March 29, 2017

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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

Erajaya announces joint ventures in Singapore and Malaysia

Indonesia-based distributor and retailer Erajaya Group has announced joint ventures in both Singapore and Malaysia. Erajaya has formed a joint venture with Alphabright to set up Era International Network in Singapore. The company has also teamed up with Malaysian citizen Li Chau Ging to form Era International Network in Malaysia. The moves form part of Erajaya’s plan to expand its distribution and retail footprint in both countries. Read full story

by Stuart Wilson, Thursday 3 September 2015

Courts boosts profits in first quarter

South-East Asian IT and consumer electronics (CE) retailer Courts boosted after-tax profits 19% year-on-year to hit S$6.04m (US$4.27m) for its first quarter ending 30th June 2015. The results marked an improvement in margins as sales were up just 2.1% year-on-year at S$198.2m (US$134m). Courts plans to open its fourth store in Indonesia by the end of 2015. Read full story

by Stuart Wilson, Thursday 3 September 2015

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

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