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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Sep- 2024 -6 September
Gear4music on track for FY25 revenues of £154.7m
Gear4music expects that revenues for the year ending 31 March 2025 will be on track to hit a total of £154.7m, with EBITDA of £11.7m and profit before tax of £2.8m. The musical instruments and music equipment retailer will be holding its Annual General Meeting today (6 September) at 10.30am. …
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5 September
Currys revenues up 5% amid strong Euros performance
Currys has seen its UK and Ireland revenues jump 5% like-for-like in the 17 weeks ended 24 August 2024. The electronics retailer has put this jump down to England’s run to the European Championship final and encouraging the early adoption of AI computing products. It has also seen strong growth…
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Jul- 2024 -12 July
Currys speeds up UK store investment programme
Currys has announced that it will be making further investments in its store portfolio, which will see 50 of its largest stores undergo makeovers to include new categories, seasonal showcases, and “a focus on reinvigorating megastore entrance space”. It comes as Currys believes the blended in-store and online omnichannel model…
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10 July
Dyson to cut up to one third of its UK workforce
Vacuum cleaner maker Dyson is reportedly planning to cut around 1,000 jobs, nearly one third of its UK workforce, following a review of its global needs, as first reported by the Financial Times. On Tuesday (9 July) Dyson staff were informed by email about the redundancies. People familiar with the…
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Jun- 2024 -27 June
Currys adjusted PBT rises 10%
Currys has revealed that its group adjusted profit-before-tax rose 10% year-on-year to £118m, for the year ended 27 April 2024. However, its like-for-like revenue in the UK and Ireland fell 2% and adjusted EBIT fell to £142m, a 16% drop YOY. Despite this, its adjusted EBIT was up over £2m…
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26 June
AO adjusted PBT hits £34.3m in bumper FY24
Electrical retailer AO World has reported that adjusted profits before tax reached £34.3m in the year to 31 March, spelling a year-on-year rise of £22.3m with a PBT margin of 3.3%. According to the group, the strong profit performance above the top end of the previous range illustrates “the successful…
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May- 2024 -17 May
Currys to revamp 65 stores to enhance customer experience
Currys has announced an investment programme that will see it refurbish 65 of its stores across the UK to improve the customer experience. The stores will have around 90% of their existing space changed making them “more navigable” for the customer and “enhanced” layouts will enable them to showcase a…
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14 May
Currys ups full-year PBT guidance
Currys has revealed that it expects its full-year profit before tax to be between £115m-£120m, an increase from its previous £105m guidance. This comes after what the company has called a “strong finish” to the year with UK and Ireland sales up 2% for the 16 weeks ended 27 April.…
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Apr- 2024 -24 April
Gear4music FY performance in line with expectations
Gear4music has revealed that its FY24 revenues and EBITDA are in line with market expectations, with revenues hitting £144.1m for the 12 months ended 31 March 2024. The music retailer also posted adjusted EBITDA of £9.8m, adjusted profit before tax of £1.3m, and pre-IFRS 16 net debt of £11.6m. According…
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16 April
Marks Electrical FY sales hit record £114.3m
Online white goods retailer Marks Electrical has reported record full-year revenues of £114.3m for the 12 months ended 31 March 2024. Marks said thanks to the 16.9% increase in sales, it managed to improve market share in the Major Domestic Appliances and Consumer Electronics markets. It also revealed that its…
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