Carphone delays megastore decision

London: Carphone Warehouse has delayed a decision on the next steps for its loss-making UK consumer electronics megastores business until the autumn.

Europe’s biggest independent mobile phone retailer, which owns 50% of a venture with United States retailer Best Buy, currently trades from 10 Best Buy-branded megastores in the UK.

Investors had expected a decision yesterday but Carphone said it was still in the process of evaluating its multi-format, multi-channel consumer electronics strategy.