Articles about Wstore

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Euro jobs cut threat hit us like a train, say Systemax workers

Systemax staff are shellshocked in the wake of the revelation that jobs in Europe - the region leading growth across the company - are to be cut. The reseller is consolidating back-office functions into a shared services centre in Eastern Europe as well as shuttering two retail brands and closing down PC production lines …
Paul Kunert, 5 Nov 2012
Pim Dale, Systemax EMEA CEO

Systemax CEO: We want to be Number One in five years

Systemax EMEA CEO Pim Dale is plotting an expansion strategy to become the largest reseller in the region within five years. Industry vet Dale, former EMEA veep and GM at one-time direct selling purist Dell crossed into the channel for the first time in January when he pitched up at Systemax. He reckons its the "age of the …
Paul Kunert, 3 Jul 2012
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Systemax profits tumble as US punters keep wallets closed

Systemax CEO Richard Leeds said he's disappointed by calendar Q1 numbers as profits fell by almost 50 per cent due to flagging US consumer electronics sales. The group - which operates the Misco and WStore brands in Europe, and Tiger Direct, Circuit City and CompUSA stateside - saw turnover slide one per cent year-on-year to $ …
Paul Kunert, 2 May 2012
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Systemax suffers sales shrinkage in Q4

Systemax's sales growth engine ran out of steam in calendar Q4 with a resurgent B2B division unable to offset double digit declines in consumer operations. The US parent of the WStore and Misco reseller brands filed numbers late last night with revenues dipping 3 per cent to $978m (£613.6m), but operating profit edged up 3.7 …
Paul Kunert, 29 Feb 2012
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Systemax blows £250k on ex-CEO legal probe bills

Rising biz sales fuelled Systemax's third quarter even though the consumer spending freeze showed no signs of thawing. The parent of the Tiger Direct, CompUSA, Misco and WStore recorded a 4 per cent rise in turnover for the period ended 30 September, raking in $901m (£562.5m). The firm's operating income climbed 58 per cent to …
Paul Kunert, 2 Nov 2011
hands waving dollar bills in the air

Systemax sales grow and profits too

Systemax's investigation into whistleblower allegations against former exec Gilbert Fiorentino added $7m to its Q2 pre-tax profits but the consumer slowdown dented sales growth. The parent of US retailers Tiger Direct and CompUSA and reselllers Misco and WStore in Europe, has reported profits of $15.5m, up 64 per cent on the …
Paul Kunert, 4 Aug 2011
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SEC investigates disgraced Systemax exec

The SEC has launched an investigation into the reasons behind the departure of shamed Systemax exec Gilbert Fiorentino, the company has confirmed. CEO of the technology product group, Fiorentino was suspended from the US reseller - parent of Misco and WStore - in April after an independent probe into whistleblower allegations …
Paul Kunert, 28 Jun 2011
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Small biz reseller swallowed by Systemax

Systemax - the company behind CompUSA and the owner of Circuit City's ecommerce business - is buying WStore Europe. WStore specialises in supplying small and medium businesses and the public sector, and operates in France as Inmac, WStore SAS and I-Com Software. Systemax trades using the Misco brand in Europe. Richard Leeds …
John Oates, 4 Aug 2009

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