Currys
This coverage examines Currys’ operations and strategy within the UK retail market, focusing on store performance, online initiatives, product ranges, marketing campaigns, financial results, and leadership decisions. Reporting highlights how Currys navigates technological change, consumer demand, and competitive pressures — providing insight for executives, managers, and professionals in electronics, appliances, and omnichannel retail.
-
Mar- 2023 -29 MarchProperty
Aviva acquires Southampton retail park
Aviva Investors, the global asset manager of Aviva plc, has revealed it has acquired the Hedge End Retail Park in Southampton, alongside the separate purchase of an Asda superstore in Hayes, Middlesex. It said the two deals continue Aviva Investors’ desire to act as a strategic buyer of real estate…
Read More » -
27 MarchFeatures
It’s always someone’s birthday: gift cards remain evergreen
Inflation and rising living costs have turned consumers into paranoid penny-pinchers, who are cautiously awaiting the next fiscal catastrophe to empty their wallets once again. According to Barclays, nearly six in 10 Brits are actively curbing their discretionary purchases, which has led to just a 5.5% uplift in year-on-year spending…
Read More » -
22 MarchElectrical
Currys raises staff pay for fourth time in 18 months
Currys has announced an additional rise for hourly paid store colleagues in the UK from £10.35 per hour to £10.50, the fourth rise in the last 18 months. The retailer also revealed that the average store colleague bonus is 89p per hour, with top earners making up to £3 per…
Read More » -
10 MarchSupermarkets
Tesco sounds out John Allan replacements
Tesco has reportedly begun sounding out potential replacements for its long-time chairman John Allan, according to Sky News. City sources told Sky that a number of big boardroom figures had been approached by headhunters working for Tesco in recent weeks. Allan will step down next year, by which time he…
Read More » -
9 MarchPeople Moves
JD Sports appoints Currys chair to board
JD Sports has appointed Ian Dyson as a new non-executive director, with effect from today (9 March 2023). Following his appointment, Dyson will join the group’s audit and risk committee as well as its remuneration committee. Dyson is currently chair of the board at Currys and is said to have…
Read More » -
6 MarchHigh Street
Retail leaders criticise business rates reform
Retail bosses from M&S, Sainsbury’s and Currys have criticised the changes made to business rates, according to This is Money. According to the retailers, these changes will still leave high streets and shopping centres still facing high taxes, as the new business rates are charged on shops, pubs and other…
Read More » -
Dec- 2022 -15 DecemberElectrical
Currys falls to pre-tax loss of £17m in H1
Currys has fallen to a pre-tax loss of £17m for the half year ended 29 October 2022, down from profits of £45m the prior year, as it attributed its weak performance outside of UK&I to its competitors’ “heavy” discounting. In light of this, the group is now expecting its full…
Read More » -
12 DecemberSupermarkets
Tesco begins search for independent chairman replacement
Tesco has reportedly begun proceedings to find a replacement for its independent chairman, John Allan, who will step down in 2024, according to Sky News. Under UK corporate governance rules, Allan will be ‘timed out’ in just over a year, meaning he would no longer be regarded as an independent…
Read More » -
Oct- 2022 -3 OctoberElectrical
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 -7 JulyElectrical
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 »
