Currys
This coverage examines Currysโ 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 โ providing insight for executives, managers, and professionals in electronics, appliances, and omnichannel retail.
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May- 2024 -14 MayNews
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 ยฃ7bn, remains of interest. Previously, in 2022, WBA halted sale plans due to market instability, which affected financing. Despite…
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14 MayElectrical
Currys ups full-year PBT guidance
Currys has revealed that it expects its full-year profit before tax to be between ยฃ115m-ยฃ120m, an increase from its previous ยฃ105m guidance. This comes after what the company has called a โstrong finishโ to the year with UK and Ireland sales up 2% for the 16 weeks ended 27 April.…
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Apr- 2024 -19 AprilClothing & Shoes
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 ยฃ4.7bn…
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18 AprilDIY
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 retailerโs executive team.ย 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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8 AprilNews
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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8 AprilElectrical
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 ยฃ350m 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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Mar- 2024 -20 MarchComment
How can the physical retail sector win its battle to survive?
It is well known that the high street is battling for survival. Insolvency statistics released this month show a 17% increase in company insolvencies compared to this month last year, with the retail sector particularly badly hit. With the closure of many Body Shop stores already confirmed this year, and…
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18 MarchNews
Today’s news in brief-18/3/24
The Saudi PIF, along with Kering, is reportedly eyeing a stake in Selfridges as the store’s co-owner, Central Group, faces financial struggles due to the collapse of its Austrian partner, Signa. The potential deal, valued around ยฃ2bn, is complicated by legal proceedings in Austria. Selfridges reported a narrowed loss and…
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18 MarchElectrical
Currys ups profit guidance after takeover bid fails
Currys has revealed that it expects its full-year pre-tax profit to be โat least ยฃ115mโ after predicting it would land between ยฃ105m and ยฃ115m earlier in the period. The company stated that this was due to positive like-for-likes and robust gross margins. Furthermore, the companyโs disposal of its Greek business…
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12 MarchNews
Sainsburyโs opens new store at Meols Cop Retail Park
Sainsburyโs has now opened a new 80,000 sq ft supermarket at Meols Cop Retail Park, Southport.ย The redevelopment of the site took ten years, and the overall cost of the scheme was over ยฃ30m. The scheme compromised the extensive redevelopment of an existing retail park with a new purpose-built store…
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