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MobileDevelopment版 - Samsung has closed its flagship London store
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by Nick Summers | @nisummers | December 24th 2014 at 6:01 am
Just like that, Samsung has decided to close its flagship 'Experience Store'
in London. Only ten of these retail outlets exist across the UK, and the
one in Westfield Stratford City shopping center was Samsung's crown jewel,
playing host to numerous early bird product launches such as the Galaxy Note
8.0 and Galaxy S III. The store, originally run by Phones4u staff, was
disassembled last night, while a notice informed customers of its closure.
Samsung says it will do its upmost, "where possible," to find employees at
Westfield new jobs, and emphasized that it's "fully committed" to its
remaining UK stores. It's a stark statement -- for so many years, there's
been no expense spared for Samsung, with huge marketing campaigns, countless
pop-up stores and even an airport takeover. But the company's profits are
in decline as it faces fresh competition from younger smartphone makers such
as Xiaomi. Samsung has already abandoned its laptop business in Europe, and
with handset sales on the downward slide, it's no surprise the firm is re-
evaluating its retail ambitions.
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