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.
-
Nov- 2022 -17 November
AO expands fleet with 130 new delivery vans
Online electricals retailer AO has acquired 130 new home delivery vans from Fraikin, as part of an ongoing contract hire agreement. The retailer said it turned to drivers for recommendations on how to upgrade its current fleet, in recognition of the “integral part the crews play in its leading delivery…
Read More » -
Oct- 2022 -3 October
Currys confirms third hourly pay increase in 13 months
Currys has announced an additional rise for hourly paid colleagues in the UK by a further 3.5% to £10.35 per hour (£11.43 per hour in London), the third rise in the last 13 months, one month after the latest rise came into effect. In total, Currys said it has increased…
Read More » -
Jul- 2022 -27 July
Music Magpie posts H1 loss amid revenue drop
Music Magpie has posted a first half loss of £0.7m, down from profits of £4m, in the six months to 21 May 2022 as its revenues declined amid a post-pandemic drop in trading. During the period, its group revenues declined marginally to £71.3m (H1 2021: £72.8m) with Music Magpie adding…
Read More » -
7 July
Currys warns of ‘uncertain’ outlook despite profit rise
Currys has warned that its outlook for consumer spending is “uncertain”, despite reporting that pre-tax profits jumped 19% year-on-year from £156m to £186m for the year ended 30 April 2022. The financial year saw group store sales increase 24%, with 61% growth in the UK and Ireland, which is “higher…
Read More » -
4 July
Amazon launches first UK fleet of e-cargo bikes
Amazon has announced the launch of its first fleet of e-cargo bikes and walkers in the UK, creating a new micromobility hub for sustainable deliveries in Central London, directly replacing thousands of traditional van trips on London’s roads and reducing traffic congestion. Working with the London Borough of Hackney, Amazon…
Read More » -
Jun- 2022 -9 June
AO to close German business amid ‘deteriorating’ outlook
AO World plc (AO), the online electricals retailer, has decided to close its German business due to the “continuing deterioration” in the outlook for the German arm, as well as the board’s responsibilities to shareholders and other stakeholders. The business will continue to trade for a brief period to facilitate…
Read More » -
Apr- 2022 -26 April
Apple expands recycled materials used across products by 20%
Apple has revealed it has increased the use of recycled materials across its products, with nearly 20% of all materials used in Apple products in 2021 having been recycled. The company introduced certified recycled gold for the first time, and more than doubled the use of recycled tungsten, rare earth…
Read More » -
11 April
Marks Electricals sees revenues surge to £80m
Marks Electricals has hailed a strong year of revenue growth for the full-year ending 31 March 2022 as its revenues hit £80.5m. This is up 44% year-on-year compared to the £56m it recorded during the previous 12 months. In the trading update, ahead of its full set of results set…
Read More » -
Mar- 2022 -28 March
Currys introduces hybrid working policy with new WeWork partnership
Currys has launched a new hybrid working model for all corporate and commercial employees in the UK after signing a new deal with workspace provider WeWork. The deal will see Currys equip its 1,000+ corporate workforce with WeWork All Access passes, enabling them to visit over 50 UK WeWork locations.…
Read More » -
16 March
Currys boosts hourly base rate for colleagues
Currys plc has today announced a 5.2% increase to the minimum pay rate of its hourly paid colleagues in the UK to £10 per hour, and £11.05 per hour in London, effective from 1 August 2022. This will result in an hourly rate increase for approximately 10,000 colleagues and any…
Read More »
