UK retailer Phones 4U set to close its doors
UK's Phones 4U is set to close the doors on its 720 outlets after EE becomes the final carrier partner to terminate its relationship with the retailer prompting administration. The decision to shutter its stores will affect almost 6,000 employees though private equity owner BC Partners assures that "employees will continue to be paid until further notice."
"Today is a very sad day for our customers and our staff. If the mobile network operators decline to supply us, we do not have a business," Phones 4U CEO David Kassler said saying that Phones 4U is now in administration.
Prior to EE pulling out, both Vodafone and O2 had terminated its agreements with Phones 4U earlier this year.
"EE reached the decision amid concerns that Phones 4U was selling for only one of Britain's main mobile operators," The Telegraph reported. "It was felt this reduced its appeal for customers who wanted to compare the prices of different operators."
This will leave Carphone as the sole third-party retailer of wireless phones and service in the UK. Phones 4U and BC Partners claim that EE and other carriers want to reduce the number of phones and contracts that are sold through outside retailers in order to achieve a higher profit margin.
Source: The Telegraph
Windows Central Newsletter
Get the best of Windows Central in your inbox, every day!
Chuong's passion for gadgets began with the humble PDA. Since then, he has covered a range of consumer and enterprise devices, raning from smartphones to tablets, laptops to desktops and everything in between for publications like Pocketnow, Digital Trends, Wareable, Paste Magazine, and TechRadar in the past before joining the awesome team at Windows Central. Based in the San Francisco Bay Area, when not working, he likes exploring the diverse and eclectic food scene, taking short jaunts to wine country, soaking in the sun along California's coast, consuming news, and finding new hiking trails.
Gonna try to get some from local stores to move into Carphone! I know CPW are trying to give as many jobs to them as possible!
I made sure my mates etc knew why I called them Frauds4U.
Be sad for the people, not sad for management or people with responsibility.
Maybe now Manchester can have its eponymous MEN Arena back.
Nokia Care Centre is what you need.
Let me guess....Daily Mail reader ;)?
Hence why I insinuated you read the Mail ;)
But yes, here's to 6000 workers losing their jobs because their company name is a bad 'un!
If only someone would do the same to them.
So does that also mean death to O2 and Vodafone?
Jumping Ship might be easier said than done, especially when you've invested your time.
I hope they get a handout from a major investor despite my personal opinion about the brand itself.
The iPhone 6 is a hell of a lot of money....and I honestly can't see what it brings to the table (aside from 60fps video)...
Genuine question - why are you buying the 6Plus? The apps, or some other reason?