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.
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Dec- 2023 -14 DecemberNews
Today’s news in brief-14/12/23
Farfetch is reportedly in talks with Apollo Global Management to secure emergency funding as it faces financial challenges. Farfetch, once valued at $23bn (£18bn) in 2018, now has a market value of $221m (£175m). While discussions with Apollo are ongoing, it is uncertain whether the funding will be provided as…
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14 DecemberElectrical
Currys maintains FY guidance despite half-year loss
Currys has maintained its full-year guidance despite reporting a pre-tax loss of £16m in its half-year results, which was in line with the £17m loss in the same period last year. In the half year ended 28 October 2023, group like-for-like revenues dropped by 4%, while currency neutral revenue dropped…
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4 DecemberNews
Today’s news in brief-4/12/23
The owner of Jollyes, private equity firm Kester Capital, is reportedly considering a sale of the UK pet retailer for around £100m, according to sources. City insiders revealed that Kester Capital is collaborating with financial advisors at Houlihan Lokey to explore various “strategic options” for the business. Jollyes, currently operating…
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4 DecemberElectrical
EE boss vows to take on Amazon and Currys
EE boss Marc Allera is planning to take on Amazon and Currys in a bid to become one of the UK’s biggest sellers of electrical goods, according to This is Money. According to the outlet, Allera stated that he wants customers to make purchases “every day and every week”. His…
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Nov- 2023 -23 NovemberNews
Today’s news in brief-23/11/23
The British Retail Consortium (BRC) has criticised the chancellor, accusing him of neglecting larger businesses in his Autumn Statement. While the business rates multiplier for small businesses was frozen, larger ones received no relief. The decision to increase the business rates standard multiplier has drawn sharp criticism, with BRC’s CEO,…
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23 NovemberGovernment
BRC accuses Hunt of ‘selling out’ retailers and customers
The British Retail Consortium (BRC) has accused the chancellor of selling out retailers and customers in his Autumn Statement delivered yesterday (22 November). In the budget Hunt froze the business rates multiplier for small businesses but offered nothing to larger ones. He also increased the National Living Wage to £11.44…
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14 NovemberNews
Today’s news in brief
Next has defended its chair, Michael Roney, after more than 20% of shareholders voted against his re-election at the annual general meeting. The votes against Roney were primarily due to concerns that he was “considered as overboarded,” with a secondary issue related to the gender makeup of the board. Under…
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14 NovemberSupermarkets
Sainsbury’s, M&S and Currys call for business rates freeze
Supermarket retailers such as Sainsbury’s, M&S and Currys have urged the chancellor to freeze business rates for all retail businesses at the forthcoming Autumn Statement. According to the British Retail Consortium, as things stand, business rates for retailers in England alone will increase by 6.7% next April, which represents an…
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3 NovemberNews
Today’s news in brief-3/11/23
In October, footfall in the UK dropped by 5.7% year-on-year, with high streets experiencing a 4.6% decrease, compared to a -1.7% in September. Retail parks and shopping centres also saw declines of 4.3% and 7.3% respectively. England had the smallest drop at 5.3%, followed by Scotland at 1.4%, Wales at…
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3 NovemberElectrical
Currys agrees to sell Greek and Cypriot business
Currys has announced that it has entered into an agreement to sell its Greek and Cypriot business Kotsovolos for an enterprise value of €200m (£175m). The deal follows the company’s strategic review which was announced on 16 June 2023 where the company decided that it should offload its Greek and…
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