ChatterBank1 min ago
Phones4U - Whats Your View Folks ?
13 Answers
Retailer Phones 4U has gone into administration putting 5,596 jobs at risk.
The chain, which is owned by private equity firm BC Partners, said its 550 stores would all be closed on Monday.
Phones 4U blamed the move on mobile network EE's decision not to renew its contract, which followed a similar move from Vodafone earlier in September.
"If mobile network operators decline to supply us, we do not have a business," said Phones 4U boss David Kassler.
The company said established mobile contracts taken out through it would not be affected, although phones ordered and not despatched - for example anyone ordering the new iPhone 6 over the weekend - would be. A customer service line will be open from Monday at 09:00.
It also said staff should turn up to work as normal, when they would be given further details and would "continue to be paid until further notice".
The chain, which is owned by private equity firm BC Partners, said its 550 stores would all be closed on Monday.
Phones 4U blamed the move on mobile network EE's decision not to renew its contract, which followed a similar move from Vodafone earlier in September.
"If mobile network operators decline to supply us, we do not have a business," said Phones 4U boss David Kassler.
The company said established mobile contracts taken out through it would not be affected, although phones ordered and not despatched - for example anyone ordering the new iPhone 6 over the weekend - would be. A customer service line will be open from Monday at 09:00.
It also said staff should turn up to work as normal, when they would be given further details and would "continue to be paid until further notice".
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Either side of a supply chain is always looking to move up or down into the next bit. It's a case of who has the power to do so, if any of them do.
As a customer I prefer the option of comparing different suppliers at the shop. But to do that the retailer needs a discount from the wholesaler in which to make a profit. And that means putting so much business their way they become indispensable. It seems they turned out to be a short term convenience instead.
As a customer I prefer the option of comparing different suppliers at the shop. But to do that the retailer needs a discount from the wholesaler in which to make a profit. And that means putting so much business their way they become indispensable. It seems they turned out to be a short term convenience instead.
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