Electrical
Electrical focuses on the performance, innovation, and trends shaping the UK electricals and consumer electronics retail market. This section covers product launches, retailer strategies, supply chain developments, and the impact of technology and sustainability on sales and operations. Retail Sector’s Electrical coverage provides business insight and analysis for professionals across high street, ecommerce, and specialist retailers, examining how evolving consumer demand and market competition drive growth and transformation in this key retail category.
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Jun- 2021 -30 June
Dixons Carphone profits reach £33m amid online surge
Dixons Carphone has reported pre-tax profits of £33m for the year ended 1 May 2021, climbing from a £140m loss last year when the group was hit by the effects of Covid-19. Revenue for the period reached £10.3bn and was boosted by a 103% online sales growth to £4.7bn during…
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May- 2021 -14 May
Dixons Carphone rebrands to Currys
Dixons Carphone is set to drop its name as the group rebrands to Currys, with all stores across the business changing their name in the process. Across the United Kingdom and Ireland, Currys PC World, Carphone Warehouse and Team KnowHow will all become a single brand Currys by October 2021,…
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7 May
Dixons Carphone commits £25m to colleague investment
Dixons Carphone has announced that it will invest £25m in skills, wellbeing, and reward programmes for its colleagues over the next two years. The investment will include almost 500,000 hours of learning in 2020, training nearly 1,000 staff members as mental health first aiders, and the opening of a new…
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Apr- 2021 -28 April
Dixons Carphone to scrap airport shopping business
Dixons Carphone is set to close its airport shopping business, just months after the UK government announced plans to remove airside tax-free shopping. In a trading update, the electrical retailer said that it did not expect passenger numbers to “recover sufficiently” to compensate for the removal of the tax. This…
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21 April
Dixons Carphone appoints sustainability director
Dixons Carphone has announced the appointment of Moira Thomas as director of sustainability and ESG at the group. In the newly created role, Thomas will report to Assad Malic, group director of strategy and corporate affairs. Thomas joins from John Lewis Partnership, where she held a number of corporate social…
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Mar- 2021 -29 March
Jessops files for administration
Camera retailer Jessops has filed a notice to appoint administrators following continued impacts of the ongoing lockdown restrictions. The firm’s owner, PJ Investment Group, has hired the restructuring advisor FRP to handle the process, and has also revealed that it is considering a company voluntary arrangement (CVA) in a bid…
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Jan- 2021 -20 January
Dixons Carphone sees 121% online growth over Christmas
Dixons Carphone welcomed a 121% rise in its like-for-like online revenue during the peak Christmas season, attributed to a higher demand in e-commerce amid the pandemic. The company’s trading update for the 10 weeks ended 9 January 2021 revealed that Electricals like-for-like revenue increased by 11% for the period. The…
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19 January
AO welcomes ‘record’ Christmas quarter
AO World has welcomed its “strongest ever” peak trading period over the Black Friday and Christmas period, with year-on-year UK revenue soaring 67.2% to £457.3m in the quarter ended 31 December 2020. It comes as the group said it has continued investment in its infrastructure in order to deliver higher…
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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…
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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…
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