The Delft Sweex has filed bankruptcy. This is caused by the owner to the high number of returns of tablets and smartphones, which the company sold under the brand name Yarvik. The poor financial situation of mismanagement could also be due.
The bankruptcy has been filed Monday. Leon Shelves, CEO of Sweex, let it know to Quote. According Shelves is the case stranded by the large number of returns that the company had to handle in the Yarvik tablets and smartphones. “It was really good stuff, but I was wrong about one thing:.. That the returns in this device category are much higher than our other products, we got 15 percent back,” he states. The company would have had. 4 million in return cost to process Combined with the excessively long payment terms of customers, managed Sweex not come. Out of the red
Shelves slide further failure of the change of course to focus in the shoes of the director who last year was appointed by him. Tablets and smartphones “He got three tons of salary per year. But he has just been sitting here until October, looked out the window and beautiful scheming thought,” he says. The director would have done nothing to the ‘tsunami of tablet and smartphone Returns “according to the CEO.
Although Shelves itself in October 2013 again took the reins within the company, it turned out to be. Too late in his “Of course I regret that we have focused too much on Yarvik and too little on the Sweex. We should just quietly go with the release of Apple accessories under Sweex, by then we had just been sitting here,” he says.