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- 2025 -6 June
Marks Electrical CFO departs
Marks Electrical has announced that CFO Josh Egan has left his role at the company to take up a role at Roadchef. Egan remains a director of the company and will continue to fulfil his current role, which will include supporting the business through its preliminary results in June and…
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Apr- 2025 -3 April
Currys ups profit guidance after robust peak trading
Currys has announced that it has increased its profit guidance with its adjusted profit before tax expected to be £145-155m ahead of consensus expectations. This comes after the retailer saw its UK and Ireland revenues increase 2% in the 10 weeks ended 4 January 2025, what it considers to be…
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2 April
Currys unveils largest ever investment into safety and security
Currys has announced its largest ever annual investment in store safety measures to help keep its employees safe and deter shoplifters, amid “record high” shoplifting in retail. As part of the investment, Currys is implementing a wide range of new technologies and safety programmes, including upgraded specification Public Display Monitors in…
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Mar- 2025 -26 March
Frasers ups stake in AO World to 25%
Mike Ashley’s Frasers Group has revealed it has increased its stake in fashion retailer Brown to 25.01%, according to the latest holding documents filed by the company. It now holds 145,148,997 voting rights in the company. The news comes as the electrical retailer AO raised its full-year forecast to between…
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6 March
Currys introduces ‘inflation-beating’ pay boost
Currys has announced an “inflation-beating” boost of 6% to colleague pay thanks to an £8m investment that will see a raise in the hourly rate paid to employees, combined with the retailer’s bonus programme. This boost means that skilled hourly paid store workers will have their minimum hourly rate rise…
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Jan- 2025 -15 January
Currys raises profit outlook amid ‘strong peak trading’
Currys has revealed that it expects its profit-before-tax to land between £145-155m for the full year, 23-31% ahead of consensus expectations. It comes after the company saw its revenues rise 2% like-for-like in the UK and Ireland in the 10 weeks ended 4 January, what the company refers to as…
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Dec- 2024 -12 December
Currys HY losses narrow as it warns of price rises
Currys has posted a loss before tax of £10m for the half year ended 26 October 2024, up from £44m in the same period last year. Alongside this, the company posted a revenue of £3.9bn, up 1% year-on-year and driven by a like-for-like revenue increase of 2%. As part of…
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Nov- 2024 -26 November
AO raises guidance as half-year profits hit £17m
Electrical retailer AO has raised its full-year forecast to between £39m and £44m, as profits before tax rose 30% year-on-year to £17m for the six months to 30 September. Group revenues are now expected to hit between £1.09bn and £1.13bn, as AO saw half-year revenue growth of 13% in its…
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22 November
Currys unveils UK&I store upgrades ahead of Xmas trading
Currys has announced a range of upgrades to its UK and Ireland stores ahead of the Golden Quarter trading period, as it seeks to create a more seamless shopping experience for customers. These enhancements come on the back of Currys’ store refurbishment programme, which saw 50 superstores and 42 megastores…
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Oct- 2024 -2 October
AO World to acquire MusicMagpie in £10m deal
AO World has announced that it is set to acquire MusicMagpie in a deal worth £9.98m which is expected to complete in early 2025. The deal received backing from MusicMagpie’s board, with directors unanimously recommending the offer. AO World is hoping that the deal will boost its presence in the…
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