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- 2019 -5 September
Dixons Carphone sales increase despite mobile sales decline
Consumer electronics retailer Dixon Carphone has reported an increase in like-for-like sales for Q1, following “strong” performance in white goods, tablets and gaming. During the 13 weeks to 27 July, UK and Ireland like-for-like sales increased by 2%. International sales also increased by 4%, with a 4% rise in the…
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Jun- 2019 -26 June
Gear4music swings to almost £600K loss despite sales spike
Music equipment and instrument retailer Gear4music has posted losses before tax of £600,000 for the 13 months ended 31 March 2019. EBITDA also declined to £2.3m during the period, £1.2m lower than 2018. Despite this, revenue increased by 48% to £118m during the period, compared with £80m recorded the previous…
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20 June
Dixons Carphone shares plunge amid full-year loss
Consumer electronics retailer Dixon Carphone saw profits plunge by up to 28% this morning, after posting full-year losses for the year to 27 April 2019. Shares in the retailer, which owns Carphone Warehouse and Currys PC World, have since recovered slightly to 11% down from opening. It comes after it…
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Mar- 2019 -13 March
Dixons Carphone fined £29m for mis-selling ‘Geek Squad’ product
The Financial Conduct Authority (FCA) has fined Carphone Warehouse £29,107,600 for failings that led to the mis-selling of ’Geek Squad’, a mobile phone insurance and technical support product. The watchdog found The Carphone Warehouse failed to give its sales consultants “the right training to give suitable advice” to customers purchasing…
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Feb- 2019 -27 February
Travis Perkins posts strong H2 results during ‘challenging year’
Building supplies retailer Travis Perkins has announced strong financial results for the second half of 2018, despite describing trading conditions as “extremely challenging”. The retailer saw its sales for the period rise by 4.8% to £6.74bn, with its pre-tax profits increasing by 1.2% to £347m. Adjusted opening profit at the…
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6 February
Currys PC World scolded by ASA over 10% off sale
Currys PC World has been reprimanded by the Advertising Standards Authority (ASA) over a “10% off marked price” sale, which “misleadingly” suggested “a genuine saving was available” according to the regulator. A complainant told the ASA that they understood that the Samsung Family Hub American-Style Smart Fridge Freezer had been…
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Jan- 2019 -22 January
Dixons Carphone sees Christmas sales boost
Electronics retailer Dixons Carphone has reported a 2% increase in like-for-like sales for the 10 weeks ending 5 January 2019. Group like-for-like revenue increased by 1% during the festive period, with share gains across all categories online and in-store, offsetting market decline. However, UK and Ireland mobile like-for-like sales were…
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Jul- 2018 -31 July
Dixons Carphone data breach hits 10 million
Electronics retailer Dixons Carphone has issued an apology to its customers after data breaches in 2017 allowed unauthorised access to the personal data of over 10 million people. In a statement the company said it is contacting all of its customers to apologise and advise them of protective steps to…
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Jun- 2018 -21 June
Dixons Carphone profits plummet 24% despite sales boost
Dixons Carphone’s profits have dropped by 24% in a year despite seeing a 3% increase in sales. In the 12-month period ending 28 April 2018, group profit before tax contracted from £500m to £382m, impacted by a negative £87m year-on-year loss from “revaluations and insurance contract terms”. However like-for-like revenue…
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13 June
Dixons Carphone admits to customer data breach
Electronics retailer Dixons Carphone has admitted to a customer data breach in which hackers gained access to 5.9 million payment cards and 1.2 million personal data records. Those behind the hacking, which began in July last year, had tried to access one of the processing systems of Currys PC World…
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