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.
-
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
5 June
AO World reports profitability on track for 2021 despite heavy losses
AO World has insisted it is still on track to be profitable by FY21 despite reporting a group operating loss of £16.2m up from £12m the previous year. The online electronics retailer has posted its full-year results for the period ending 31 March in which adjusted EBITDA was -£3.4m, a…
Read More » -
Apr- 2018 -25 April
Argos chastised by ASA over raising prices to include ‘free’ add-ons
The Advertising Standards Agency (ASA) has warned Argos after it was found raising prices to cover the cost of supposedly ‘free’ extras. The advert in question was for a Canon Powershot SX620 camera priced at £179.99, in which further text said the camera came with a free 16GB SD card…
Read More » -
Mar- 2018 -16 March
Currys PC World criticised for ‘rip off’ add-on charges
Currys PC World has been criticised for pushing customers into paying up to £40 extra for pre-setup laptops that they did not request. More than 100 customers complained to consumer watchdog Which? about the practice. Despite ordering the laptops online or in store for an advertised price, consumers were then…
Read More » -
Feb- 2018 -28 February
Maplin and Toys R Us go into administration
Toys R Us and Maplin have both entered administration today, as last minute attempts to save the retailers collapsed. Toys R Us was facing a £15m VAT bill, however poor sales has meant it was unable to pay the debt. All of toy retailer’s 106 stores will continue to trade…
Read More »
