maplin
One of the UK's largest electronics retailers is broke
Many years ago, Maplin was the place to go if you needed a VGA to Scart cable, a weird battery or a new charger for your Samsung flip phone before there were industry standards for that kind of thing. Next to aisles of every cable and converter you could imagine, you'll often find random delights such as a smoke machines and soldering stations. In more recent years, Maplin started stocking products with a broader appeal, like Nest thermostats, Amazon Fire TV sticks and Google Home speakers. It even launched a smart home consultation service late last year, but the change in tack hasn't rescued the retailer from going broke. Maplin's CEO today announced the company has gone into administration after failing to find a buyer to inject cash into the beleaguered business.