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.
-
Feb- 2024 -21 FebruaryNews
Today’s news in brief
Redwheel, the leading shareholder of Currys, has voiced concerns over the undervaluation of UK stock markets compared to their true potential. The firm warned that the UK’s declining market values, coupled with a shift in investor focus towards the US, could prompt more foreign entities to pursue acquisitions of British…
Read More » -
21 FebruaryElectrical
Currys shareholder Redwheel warns of stock market decline
Currysโ largest shareholder, Redwheel, has warned that more foreign firms will begin to circle London companies after the electronics retailer rejected a takeover bid from US hedge fund Elliott, The Telegraph has reported.ย Redwheel, which holds 14.6% of shares in Currys, said it was in โcomplete agreementโ with the retailerโs…
Read More » -
20 FebruaryNews
Today’s news in brief-20/2/24
Julian Dunkerton is reportedly in discussions with US investor Davidson Kempner regarding a potential deal to take the company private. While talks are in the early stages, Dunkerton aims to acquire the majority stake in Superdry that he doesn’t already own. The company has faced challenges, including a YoY sales…
Read More » -
20 FebruaryElectrical
Currys shares soar 36% amid takeover interest
Currys shares soared 36% to 64.9p on Monday after it was revealed that Chinese e-commerce company JD.com has joined the potential list of suitors looking to acquire the retailer.ย The bid currently faces competition from US Investment Group Elliott, owner of Waterstones, which recently made a ยฃ700m preliminary offer for…
Read More » -
19 FebruaryNews
Today’s news in brief-19/2/24
Nike has announced plans to cut 1,600 jobs, approximately 2% of its workforce, in response to disappointing sales figures in the latter half of 2023. This move comes as the company seeks to streamline operations and focus on key growth areas, such as running, womenโs apparel, and the Jordan brand.…
Read More » -
19 FebruaryElectrical
Currys rejects takeover offer from Waterstones owner
Currys has confirmed it has received and rejected an โunsolicited, preliminary and conditionalโ proposal from Waterstones owner Elliott. The rejection of said possible cash offer comes as Currysโ board and financial advisers believe the proposal โsignificantly undervalued the company and its future prospectsโ.ย ย Elliott had offered 62p per share, while…
Read More » -
Jan- 2024 -18 JanuaryNews
Today’s news in brief-18/1/24
Sainsbury’s general merchandise commercial director, Paula Nickolds, is departing to become CEO of The White Company. During her three-year tenure, she strengthened brands like Argos, Habitat, and Tu. Sainsbury’s also announced a focused restructuring of its Operating Board. Graham Biggart will assume commercial responsibility for General Merchandise and Clothing, with…
Read More » -
18 JanuaryElectrical
Currys profits to exceed expectations despite revenue dip
Currys expects full-year profits to be above expectations despite UK&I revenues dipping 3% during the 10 weeks ended 6 January.ย During the quarter, the electronics retailer also recorded a 6% drop in like-for-like sales in the Nordic region and a 4% drop in Greece.ย Despite this, the company said it…
Read More » -
Dec- 2023 -15 DecemberNews
Today’s news in brief-15/12/23
Amazon has emerged victorious in a ยฃ215m tax dispute with the EU Commission. The European Court of Justice dismissed the Commission’s claims that Amazon had entered into a deal with Luxembourg allowing it to avoid 75% of its EU tax. The court ruled that the Commission failed to prove that…
Read More » -
15 DecemberHigh Street
Currys boss criticises govโs minimum wage plans
Currys CEO Alex Baldock has accused the government of not caring about the retail industry after claiming its decision to raise the minimum wage would โload more costs onto an already overburdened sectorโ.ย It comes after chancellor Jeremy Hunt outlined plans to raise the legal minimum wage by 10% to…
Read More »
