The Carphone Warehouse Group plc has published an interim management statement for the third quarter of its current financial year.
It says its business in Europe performed strongly on post-pay (‘pay monthly’ deals) and non-cellular products, although a weakness in the lower-value prepay market resulted in like-for-like revenue being down by 4.7% when compared with the previous year. Overall, figures for the full year are expected to be in line with previous guidance.
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The ‘big box’ stores set up by Best Buy Europe - the Best Buy joint venture with the Carphone Warehouse - will close on Sunday 15th January 2012.
It’s less than two years since the first UK store opened in Thurrock.
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Mark Bridge writes:
Flash is dead, HTML5 is the future. Okay, the next stage in the evolution of the mobile browser isn’t that clear – but a restructure at Adobe has pretty much marked the end of mobile Flash development.
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Best Buy Europe, the joint venture responsible for The Carphone Warehouse brand, plans to close its eleven so-called ‘Big Box’ Best Buy stores in the UK within the next two months.
In addition, the Carphone Warehouse Group is planning to end its American profit-sharing agreement by selling its interest in Best Buy Mobile US and Canada back to Best Buy.
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The Mobile Money Network has launched its ‘Simply Tap’ shopping application for Android and Apple devices.
Customers who set up a Simply Tap account (including payment details) can then buy products just by entering a short code into the app. The sale is then confirmed, payment is taken and the product is delivered to the customer’s chosen address.
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