WeFix confirmed that it has shut several stores in the country as part of a process of “right-sizing the business”.<\/p>\n
The company made the statement following questions sent to it by MyBroadband.<\/p>\n
WeFix was founded in 2006 and specialises in repairing Apple, Huawei, LG, Samsung, and DJI devices. This includes smartphones, tablets, and MacBooks.<\/p>\n
MyBroadband was informed this week that several of WeFix’s stores had closed in various locations.<\/p>\n
Megan Quy, WeFix spokesperson, confirmed the closures and said that they were in the process of “right-sizing the business by closing non-profitable stores that are in close proximity to each other”.<\/p>\n
This was a result of\u00a0over-saturation, or in certain cases the stores being situated in\u00a0malls where foot traffic had decreased significantly.<\/p>\n
“Ultimately, though, we are just wanting to be in the right place where enough customers need ‘a good fix’, and that involves analysing traffic and making smart choices through consolidation,” said\u00a0Quy.<\/p>\n
WeFix did not detail how many stores it has closed this year, but its website currently lists 24 stores operating across the country.<\/p>\n
MyBroadband also received information that\u00a0Blue Label Telecoms is looking to potentially invest, through one of its subsidiaries, in WeFix.<\/p>\n
Blue Label is heavily involved in the mobile telecoms space in South Africa, and owns a large chunk of Cell C.<\/p>\n
It also own 3G Mobile, a business which specialises in distributing mobile phones to retailers.<\/p>\n
Blue Label told MyBroadband it has no comment at this stage when asked about an investment in WeFix.<\/p>\n
WeFix, however, confirmed to MyBroadband that it is currently in discussions with multiple potential new investors.<\/p>\n
“There is nothing concrete at the moment, and won\u2019t be for the remainder of this year,\u201d it said.<\/p>\n
WeFix confirmed that it has shut several stores in the country as part of a process of “right-sizing the business”.<\/p>\n","protected":false},"author":23,"featured_media":288598,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[1017,35,43928],"class_list":["post-288596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blue-label-telecoms","tag-headline","tag-wefix"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/288596"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=288596"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/288596\/revisions"}],"predecessor-version":[{"id":288600,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/288596\/revisions\/288600"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/288598"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=288596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=288596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=288596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}