Currys

Currys FY profits soar 37% to £162m 

Currys has welcomed strong profits and sales in its full-year results, with adjusted profit before tax soaring by 37% to £162m, as UK and Ireland sales boosted its results. In the year ended 3 May 2025, total group revenues were up by 3% to £8.7bn, alongside a like-for-like growth of…

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Currys doubles reward for its Cash for Trash recycling scheme

Currys has doubled the reward in its Cash for Trash recycling scheme in a bid to encourage more customers to recycle unwanted electronic items. Until 8 July, anyone dropping off old electricals at a Currys store in the UK will receive a £10 voucher for a minimum spend of £50…

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The nostalgia trend: Why do companies revive old brands?

A cultural institution in the 90s, defunct in the 00s and making a comeback in the 20s. MFI Furniture is set to relaunch on the British high street after owner Victorian Plumbing revealed plans to relaunch the brand in early 2026, promising a refresh without the frustrations of long online…

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Why is Rachel Reeves reviewing the Low Value Import Scheme?

The global economy is currently experiencing turbulent times as a result of Donald Trump’s trade war. Currys CEO Alex Baldock, alongside a number of other retail CEOs, recently warned that more Chinese products could “flood” the UK and Europe market through platforms like Temu, Shein and Amazon, as a result.…

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Today’s news in brief-24/4/25

Chancellor Rachel Reeves is reviewing the Low Value Import scheme, which allows goods under £135 to enter the UK tariff-free, amid concerns over Chinese companies flooding the market with cheap products. Major retailers like Next, Currys, and Sainsbury’s have warned that such imports could undercut UK businesses. The potential reform…

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Chancellor mulls ending tariff-free import scheme to combat Chinese dumping

Chancellor Rachel Reeves is considering ending the Low Value Import scheme, which currently allows online retailers to bring goods worth up to £135 into the country without paying customs duties. The move comes as the UK prepares for an influx of Chinese companies dumping stock for cheap as a result…

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Today’s news in brief-14/4/25

Currys CEO Alex Baldock has warned of a potential influx of Chinese products into UK and European markets, driven by Donald Trump’s tariffs on Chinese goods. Baldock and other retail executives, including Buy It Direct’s Nick Glynne, expressed concerns that Chinese manufacturers may redirect goods originally destined for the US…

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Currys CEO warns of ‘flood’ of Chinese products amid Trump tariffs

The head of Currys has warned that more Chinese products will “flood” the UK and Europe market through platforms like Temu, Shein and Amazon, following Donald Trump’s China tariffs and its effects on US trade.Alongside other retail executives, Alex Baldock warned that Chinese factories selling directly to marketplaces or platforms…

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Today’s news in brief-3/4/25

The Co-op has reported a sixfold surge in full-year pre-tax profits, rising to £161m from £28m the previous year, despite facing over £200m in new headwinds and investment costs. This growth was driven by increased operating profits, which climbed by £34m to £131m, alongside improved returns from Funeralcare plan investments.…

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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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