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Retailer Phones 4u 'Forced Into Administration'

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Retailer Phones 4u 'Forced Into Administration'

http://news.sky.com/story/1335864/retailer-phones-4u-forced-into-administration
Quote
Thousands of jobs at Phones 4u are at risk after the retailer says it was forced into administration after network operator EE joined Vodafone in cutting ties with the firm.
The retailer, which employs 5,596 people, says its 550 standalone stores will be closed until the administrators decide on whether the business can reopen for trading.
The company said the decision by EE not to renew its current contract, which is due to end in September next year, was a "complete shock" and meant it would be left without a single network partner after Vodafone said earlier this month that it would not extend its agreement.
Phones 4u says it has a healthy balance sheet with profits of more than £100m, but had no option but to go into administration.

I don't know anything about this but it sounds very odd
Comments on the Telegraph are not very good
http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/telecoms/11095462/Phones-...
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TORPC
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Re: Retailer Phones 4u 'Forced Into Administration'

What are the underlying causes / decisions for them to be not chosen to be renewed ?Huh
Seems strange to me
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Re: Retailer Phones 4u 'Forced Into Administration'

there's a conspiracy theory of collusion amongst the operators to lessen competition
http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/telecoms/11095462/Phones-...
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Re: Retailer Phones 4u 'Forced Into Administration'

Quote from: dvorak
collusion amongst the operators to lessen competition

And I expect those same operators will expand the number of their own outlets by buying up Phones 4u shops for a pittance.
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Re: Retailer Phones 4u 'Forced Into Administration'

I agree that we'll probably see an increase of network specific shops, but I also predict that we'll see a Compare The Market / USwitch style on-line presence for finding better deals.
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Re: Retailer Phones 4u 'Forced Into Administration'

I have to say I never liked their shops. Flash salemen with poor product knowledge.
With 2 major suppliers pulling out from them they really couldn't survive.
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Re: Retailer Phones 4u 'Forced Into Administration'

John Caudwell got out at the right time Wink
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Re: Retailer Phones 4u 'Forced Into Administration'

Quote from: artmo
I have to say I never liked their shops. Flash salemen with poor product knowledge.

same goes for PCW, CPW, the link as was.. there's not much finding what's best for the customer more what's the biggest margin or incentive.
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itsme
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Re: Retailer Phones 4u 'Forced Into Administration'

What do these shop offer?
TORPC
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Re: Retailer Phones 4u 'Forced Into Administration'

Good question Wink
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Re: Retailer Phones 4u 'Forced Into Administration'

jobs?
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Re: Retailer Phones 4u 'Forced Into Administration'

Quote from: dvorak
same goes for PCW, CPW, the link as was.. there's not much finding what's best for the customer more what's the biggest margin or incentive.

That was why I was so successful when I worked for PCW - I sold honestly and built up a fantastic reputation with my customers and their friends (and their friends friends etc etc). Customers would come in and ask for me as they knew they would get a good deal and an honest answer to any of their questions.
Ironically I worked for Tandy before them who were then taken over by CPW.
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Re: Retailer Phones 4u 'Forced Into Administration'

I've never been a fan of PCW or CFW.
I think all phone operators are moving to running their own shops and websites now. I am with O2 and get good service from the local High Street shop. Of course you have to make up your mind on network operator before shopping Wink
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Re: Retailer Phones 4u 'Forced Into Administration'

I was a little disappointed when T-Mobile cut their ties with CPW a couple of years back. I could bang out a good deal over the phone direct with T-Mobile then simply collect the phone from CPW later the same day.
Not a great problem as any phone is usually delivered the next day anyway.
I've never been too keen on these phone shops as, in my experience, they seem to have been more interested in selling insurance and extras than actually assisting you to find the best phone/deal.

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Re: Retailer Phones 4u 'Forced Into Administration'

Having worked at PCW (DSG) head office and seen the amount of work that goes on behind the scenes, I'll always try and buy from a DSG owned store if I can. They got a lot of bad press especially with BBC Watchdog targeting them but we worked hard to make sure the products were safe and customers were happy.