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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May- 2021 -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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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…
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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…
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