Electrical
The latest news, updates and analysis on the electronic goods segment of the the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
-
Aug- 2025 -6 August
Currys launches Oxford Street trial to curb phone theft
Currys has launched a trial on Oxford Street today (6 August) using pavement markings to encourage pedestrians to keep their phones out of sight, in an attempt to reduce street theft. The scheme, backed by Westminster Council and supported by the Metropolitan Police Service and Crimestoppers, features a purple line…
Read More » -
Jul- 2025 -3 July
Currys FY profits soar 37% to £162m
Currys has welcomed strong profits and sales in its full-year results, with adjusted profit before tax soaring by 37% to £162m, as UK and Ireland sales boosted its results. In the year ended 3 May 2025, total group revenues were up by 3% to £8.7bn, alongside a like-for-like growth of…
Read More » -
Jun- 2025 -18 June
AO World profits rise amid membership scheme success
AO World has revealed that its adjusted profit-before-tax rose 27% to £44m for the year ended 31 March 2025, up from £34m in the previous year. Alongside this, the company’s LFL group revenue grew 7%, to £1.11bn with its core B2C retail revenue rising 12% to £832m. This growth was…
Read More » -
12 June
Currys doubles reward for its Cash for Trash recycling scheme
Currys has doubled the reward in its Cash for Trash recycling scheme in a bid to encourage more customers to recycle unwanted electronic items. Until 8 July, anyone dropping off old electricals at a Currys store in the UK will receive a £10 voucher for a minimum spend of £50…
Read More » -
6 June
Marks Electrical CFO departs
Marks Electrical has announced that CFO Josh Egan has left his role at the company to take up a role at Roadchef. Egan remains a director of the company and will continue to fulfil his current role, which will include supporting the business through its preliminary results in June and…
Read More » -
Apr- 2025 -3 April
Currys ups profit guidance after robust peak trading
Currys has announced that it has increased its profit guidance with its adjusted profit before tax expected to be £145-155m ahead of consensus expectations. This comes after the retailer saw its UK and Ireland revenues increase 2% in the 10 weeks ended 4 January 2025, what it considers to be…
Read More » -
2 April
Currys unveils largest ever investment into safety and security
Currys has announced its largest ever annual investment in store safety measures to help keep its employees safe and deter shoplifters, amid “record high” shoplifting in retail. As part of the investment, Currys is implementing a wide range of new technologies and safety programmes, including upgraded specification Public Display Monitors in…
Read More » -
Mar- 2025 -26 March
Frasers ups stake in AO World to 25%
Mike Ashley’s Frasers Group has revealed it has increased its stake in fashion retailer Brown to 25.01%, according to the latest holding documents filed by the company. It now holds 145,148,997 voting rights in the company. The news comes as the electrical retailer AO raised its full-year forecast to between…
Read More » -
6 March
Currys introduces ‘inflation-beating’ pay boost
Currys has announced an “inflation-beating” boost of 6% to colleague pay thanks to an £8m investment that will see a raise in the hourly rate paid to employees, combined with the retailer’s bonus programme. This boost means that skilled hourly paid store workers will have their minimum hourly rate rise…
Read More » -
Jan- 2025 -15 January
Currys raises profit outlook amid ‘strong peak trading’
Currys has revealed that it expects its profit-before-tax to land between £145-155m for the full year, 23-31% ahead of consensus expectations. It comes after the company saw its revenues rise 2% like-for-like in the UK and Ireland in the 10 weeks ended 4 January, what the company refers to as…
Read More »
