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.
-
Dec- 2020 -16 December
Dixons Carphone sales soar in half-year results
Dixons Carphone has announced that like-for-like electrical sales soared by 17% in the half-year ended 31 October 2020, despite the fact that stores in the UK, Ireland and Greece were shut for “substantial” periods throughout the year. In the same period, statutory profit before tax rose to £45m, up from…
Read More » -
Aug- 2020 -4 August
Dixons Carphone to axe 800 jobs
Dixons Carphone is set to axe 800 management roles in a bid to restructure and streamline the company. The Currys PC World owner confirmed it has now begun a consultation process with affected employees. It comes as the group is looking to shake up its management structure. It now plans…
Read More » -
Jul- 2020 -23 July
Gear4music reports 80% increase in UK sales
Gear4music has reported an 80% increase in UK sales to £21.2m in its first quarter of the current year, compared with £11.8m in 2019. In the three months to 30 June, the company reported a 68% increase in total sales to £37.7m, compared with £22.2m in the same period last…
Read More » -
Jun- 2020 -12 June
Curry’s PC World to reopen 131 stores as ‘tech help hubs’
Currys PC World has unveiled plans for a phased reopening of 131 of its stores from next week, initially opening as ‘Tech Help Hubs’ to support customers with “existing tech needs”. Launching from Monday 15 June, the retailer said for the first three days its stores will be used to…
Read More » -
Apr- 2020 -24 April
Gear 4 Music reports 9% increase in FY sales despite Covid-19 impact
Musical instruments retailer, Gear 4 Music has reported a 9% increase in sales to £120.3m amid the Covid-19 pandemic. In its full year figures ended 31 March 2020, the retailer reported a 5% increase in UK sales to £61.8m compared with £58.9m in 2019. Sales in Europe and the rest…
Read More » -
Mar- 2020 -4 March
Dixons Carphone appoints two new members to its executive team
Dixons Carphone has strengthened its executive team by appointing a former John Lewis Partnership exec to the role of CCO while also adding a new COO. Ed Connolly has taken up the role of chief commercial officer after previously holding a number of roles across commercial and strategy at the…
Read More » -
Jan- 2020 -30 January
Deloitte fined £1m over handling of Comet administration
‘Big Four’ accountancy firm Deloitte has been fined £925,000 for its handling of electrical goods retailer Comet’s administration in 2012. Deloitte and two of its partners, Neville Kahn and Christopher Farrington, have been sanctioned by the accountancy watchdog and have also agreed to pay the costs of the Institute of…
Read More » -
2 January
Brighthouse reports £16m loss
Brighthouse has reported a £16m loss in its financial quarter to 28 September 2019. The rent-to-own retailer made a loss of £16m for its second quarter compared with £11m for the same period in 2018. EBITDA loss for the quarter was £3.2m compared with £1m last year. During the period,…
Read More » -
Sep- 2019 -18 September
Vodafone extends franchise operation with 24 new high streets stores
Vodafone is set to take on at least 24 empty premises by the end of this year and fit them out as new retail stores as part of its franchise programme. Vodafone is continuing its ongoing investment in its retail presence to “help customers get the most from its new…
Read More » -
6 September
Dixons Carphone bosses face backlash from investors over pay
Consumer electronics retailer Dixons Carphone is facing backlash from investors afters its AGM yesterday (5 September), over the pay and bonuses received by its management team. According to Sky News, it comes after the group’s CEO Alex Baldock was awarded shares worth over £2.3m earlier this year under a long-term…
Read More »
