QuikStop Markts Inc.

Europe’s largest electronics retailer issues profit warning

...The Düsseldorf-based retailer, which operates Media Markt and Saturn-branded electronics stores in Germany as well as shops in 13 other European countries, now expects earnings before interest, taxes, depreciation...

September 18, 2018

European companies

Nasdaq Nordic market raises challenge to London’s Aim

...Aim has long been established as Europe’s main venue for emerging and lighter-regulated stocks, outlasting competitors such as Germany’s Neuer Markt....

August 17, 2017

FT Live

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LombardJonathan Guthrie

Post-Brexit City must pass sniff test

...The closure of Frankfurt’s Neue Markt in 2002 bore witness to that. The harder, better course for London is to replace gold plating with gold standards of capital adequacy, conduct and transparency....

September 1, 2016

Retail & Consumer industry

Best Buy sells rump of Chinese business

...Best Buy and Media Markt struggled to compete as domestic electronics retailers fought a fierce price war that drove them online to survive....

December 4, 2014

Patti Waldmeir

Eat, drink, man, woman, meatballs

...For Ikea seems to have figured out “glocal”, as it applies to the country – in a way that has eluded foreign retailers such as Best Buy, Home Depot, Media Markt and most recently Tesco (all of whom either...

August 20, 2013

European companies

Metro forced to cut dividend

...profits from its cash and carry warehouses – acknowledged €585m of special charges from a bout of restructuring including the decision to abandon plans to make further inroads into China with its Media Markt...

March 1, 2013

FT Live

Future of Retail

Securing long-term business growth with technology innovation

European companies

Media Markt set to quit China

...Media Markt’s reverse in China follows that of Best Buy, the US electronics retailer, which withdrew nearly two years ago....

January 10, 2013

Tech blogTechnology sector

...It has stores in some of the most attractive retail locations in the country, including one directly across from Amsterdam’s Central Station and another in Haarlem’s medieval Grote Markt....

June 19, 2013

European companies

Metro seeks to ‘sharpen’ its profile

...Metro said it would make unspecified provisions for Media Markt’s China exit. It was a majority partner in the joint venture with Foxconn....

January 16, 2013

beyondbricsMarkets

Yota, the 2-faced Russian smartphone

December 21, 2012

US & Canadian companies

Apple builds relations beyond Foxconn

...Earlier this year, it said it would shut its Cybermart retail stores in Taiwan, and in March it announced the closure in mainland China of Media Markt, a Best Buy-like chain in which it held a minority stake...

May 14, 2013

US & Canadian companies

Foreign brands tread new paths in China

...Metro said it would abandon its plan to establish more than 100 Media Markt electronics stores in China by mid-decade....

January 17, 2013

US & Canadian companies

Best Buy sells stake in European venture to Carphone Warehouse

...He said that the group was continuing to look for partners among retailers in Europe and around the world to sell mobile phones and tablets, including in Poland with Media Markt, even though it will no longer...

April 30, 2013

LexUS & Canadian companies

Small companies – hard to help

...Germany’s Neuer Markt and France’s Nouveau Marché are among those to have tried and failed to create new small company markets....

August 16, 2012

Andrew Hill

Why do so many get it so wrong in China?

...Within days of the retailer’s news, Media Markt heralded further expansion in China, on a model that sounds oddly similar to the one that let its US competitor down....

March 7, 2011

FT Live

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US & Canadian companies

Best Buy brand closes shop in China and Turkey

...Other electronics chains such as Darty or Metro group’s Media Markt, entered Turkey earlier and have expanded rapidly, drawn by rising prosperity and a young population to compete with the leading domestic...

February 22, 2011

European companies

‘Too slow’ Metro speeds up China investment

...but there is enough growth potential for everyone,” said Roland Weise, Media Markt head....

May 20, 2010

Sport

Adidas prepares for World Cup shoot-out

...Hartmut Zastrow, executive director of Sport & Markt, a sports research and consultancy company, said Adidas had a lead over Nike in football and should maintain it after the tournament, which begins in...

June 8, 2010

US & Canadian companies

Apple in control of iPad’s Europe launch

...Apple said the DSGi stores would be the key outside UK outlet, while Media Markt, owned by German retail giant Metro, will play the same role in that country and FNAC will get the task in France....

May 27, 2010

UK retail results

Kesa fights back with overhaul of stores

...He said Darty competed successfully against Media Markt, Europe’s biggest consumer electronics chain, which operates big stores....

June 23, 2010

LombardCompanies

Battersea power station’s owners seek regeneration

...the former PPR executive now at Kesa’s helm, says its French business Darty, with its small stores and superior service, has long competed successfully with the big boxes of Europe’s number one, Media Markt...

June 23, 2010

FT AlphavilleTracy Alloway

A quick guide to ECB intervention

...And echoed by Commerzbank on Thursday (translated from the German) : First of all it is clear that in a case of intervention at the forex markt a coordinated effort would be sensible....

May 21, 2010

LexAsia-Pacific equities

ChiNext

...Growth markets often falter: remember Easdaq or Germany’s Neuer Markt?...

November 2, 2009

Retail & Consumer industry

Football clubs losing battle with shirt sponsors

...Sport+Markt, the sports consultancy, estimates that the value of shirt sponsorship deals in the Premier League fell from £69.2m during the 2007-08 season to £68.2m last season, after years of continuous...

August 14, 2009

US & Canadian companies

Intel launches appeal over €1bn fine

...They also included illegal payments to German retailer Media Markt on condition that it sold exclusively Intel-based personal computers....

July 22, 2009

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