John Paczkowski

Recent Posts by John Paczkowski

Two More Nokia Flagship Stores Sunk

nokNokia’s flagship retail stores in the United States evidently haven’t done much to bolster the company’s single-digit market share in North America. Nokia said today it is shutting down stores in New York and Chicago as part of a new retail strategy that includes more cooperation with carriers and big-box retailers–and, one hopes, better sales.

Earlier this week, Nokia (NOK) announced plans to close its flagship store on London’s Regent Street. These stores were designed to “inspire and educate consumers to the benefits of mobility” and broaden the appeal of the Nokia brand but have apparently done neither, particularly in the North American market, which is among Nokia’s weakest.

“There is no reason for Nokia to have the flagship stores–they cost too much compared to the value they create,” Strand Consult analyst John Strand told Reuters. “Flagship stores are important in fashion industry: Apple is fashion. Nokia is consumer electronics.”

In the end, isn’t the rent the company would have paid on these retail spaces better spent on, you know, developing a worthy rival to Apple’s (AAPL) iPhone?


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work