Currys

Today’s news in brief-27/6/24

Currys reported a 10% rise in adjusted profit-before-tax to £118m for the year ending 27 April 2024, despite a 2% drop in like-for-like revenue in the UK and Ireland and a 16% decrease in adjusted EBIT to £142m. The company attributed its improved EBIT, which was up over £2m when…

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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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Today’s news in brief-17/5/24

Asos is set to enter the Indian market through a new long-term partnership with Reliance Retail, marking Asos’ first country-wide exclusive retail partnership. Reliance Retail will manage the exclusive retail presence of Asos’s brands both online and offline across India, utilising various retail formats including exclusive brand stores and digital…

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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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Today’s news in brief-14/5/24

Walgreens Boots Alliance (WBA) is intensifying efforts to sell the Boots chain, engaging advisers for preliminary discussions with potential buyers. No formal sale process has started, but the chain, valued around £7bn, remains of interest. Previously, in 2022, WBA halted sale plans due to market instability, which affected financing. Despite…

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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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Bensons for Beds appoints new CMO

UK bed specialist Bensons for Beds has appointed Mark Slater as chief commercial officer and part of its executive team. Having joined the business in an interim capacity in February, Slater brings with him a wealth of experience, having previously worked on the executive team of Howdens plc, a £4.7bn…

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Bensons for Beds appoints new CCO

Bensons for Beds has announced the appointment of Mark Slater as chief commercial officer (CCO), which will see him become part of the retailer’s executive team.  Having joined the business in an interim capacity in February, Slater brings with him experience from the executive team of Howdens. Prior to that,…

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Today’s news in brief-8/4/24

The John Lewis Partnership has chosen Jason Tarry, former UK boss of Tesco, as its new chairman. Tarry, with over three decades of experience in retail, will succeed Sharon White in September. White led the company through challenging times, including the COVID-19 pandemic and economic crises. Tarry’s leadership is expected…

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Currys shareholder calls for mobile phone business sale

Currys shareholder JO Hambro has called upon the business to sell its mobile phone business ID Mobile, according to The Sunday Times. ID Mobile is valued at around £350m and this news follows two failed takeover bids for the electrical retailer. Last month, both US investor Elliott and Chinese retail…

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