Best Buy is getting out of the European market a little less than five years after announcing a European joint venture with retailer Carphone Warehouse, known as CPW. Best Buy will sell its 50 percent stake in the JV back to CPW for around $775 million.
T-Mobile USA acknowledged that its website and in-store computer systems were briefly out of commission this past Saturday, and the carrier cited demand from customers as the culprit, though it did not provide a specific explanation of what caused the system failures.
LG Electronics plans to increase the number of its branded retail stores in emerging markets this year as part of an effort to boost its smartphone sales and market share amid intensifying competition.
Samsung Electronics is throwing down the gauntlet to Apple and every other electronics and smartphone maker by partnering with Best Buy to open 1,400 "Samsung Experience Shops" within Best Buy locations nationwide. The store-within-a-store concept will allow Samsung to highlight its wares and demonstrate how its smartphone, tablets, TVs, laptops, cameras and other connected devices interact.
RadioShack ended its mobile retail relationship with Target, saying the two companies could not agree to terms that would have created more profit for both parties.
Sprint Nextel is launching a new service that will allow hotels, retailers and other businesses to become mobile broadband MVNOs of its CDMA network and Clearwire's mobile WiMAX network.
RadioShack said CEO Jim Gooch stepped down from the company after 16 months at the helm as the ailing retailer struggles to find its identity in wireless and in a changing retail landscape.
Sprint Nextel's Virgin Mobile brand has started a full-throated marketing effort for its prepaid version of Apple's iPhone--but will soon need to quiet the campaign, according to a Dow Jones Newswires report.
Verizon and various cable companies may join a long line of American companies that considered cross-marketing arrangements and may even have attempted cross-marketing arrangements. But ultimately, they, too, will discover that cross-marketing arrangements do not easily work.
C Spire Wireless and Dish Network said they will partner to promote TV Everywhere and DVR products in the wireless carrier's retail locations. The deal is the latest example of wireless carriers