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.
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Sep- 2025 -26 September
Marks Electrical cuts profit forecast as HY sales slide
Marks Electrical has cut its profit forecast for the year after weaker sales in the first half, blaming subdued consumer spending and rising costs. The online electrical retailer said revenue fell in both major domestic appliances and consumer electronics during the second quarter to 30 September, with customers remaining “highly…
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22 September
Currys dissolves ESG committee and shifts oversight to existing teams
Currys has closed its board-level environmental, social and governance (ESG) committee and transferred oversight responsibilities to existing teams. The committee, formed in 2023, had overseen the establishment of the retailer’s ESG strategy and goals. The company said that its progress, together with upcoming sustainability reporting requirements, meant it was the…
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16 September
Currys to open three additional business hubs in UK stores
Currys Business will launch three additional business hubs across the UK in the coming week as it looks to expand its support for small and medium-sized enterprises. The new hubs will open within the company’s Bromborough, Carlisle and Colliers Wood branches. They will offer tailored technology packages, one-to-one consultations, installation…
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15 September
AO World HY group revenue expected to rise 13%
AO World has announced that its group revenue is expected to rise 13% year-on-year for the six months ended 30 September 2025. Alongside this, the company revealed that it expects its B2C retail revenues to increase 11%. As a result, the company reiterated its FY26 revenue guidance of double-digit B2C…
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4 September
Currys reports strong trading as it starts £50m share buyback
Currys has reported that its group sales rose 3% for the 17 weeks ended 30 August, as it began its £50m share buyback programme. The electronics retailer stated that its UK and Ireland like-for-like sales had been driven by market share gains with double-digit growth in new categories and b2b.…
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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…
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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…
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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…
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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…
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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…
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