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.
-
Oct- 2023 -11 OctoberNews
Today’s news in brief-11/10/23
Travis Perkins has revised down its full-year earnings forecast due to challenging market conditions and a significant slowdown in new build housing and domestic renovations and maintenance (RMI) activity in Q3. Group revenues fell by 1.8% in the quarter, with like-for-like sales also down by 1.8%. Pricing declined by 3.1%,…
Read More » -
11 OctoberNews
Currys to consider offers for Greek business
Currys has announced that it is weighing up offers for its Greek business Kotsovolos after commencing a strategic review in June. The tech retailer said it has been approached by “several potential buyers” but it is not sure whether the sale will go ahead yet. Kotsovolos started as a small…
Read More » -
Sep- 2023 -22 SeptemberNews
Today’s news in brief-22/09/23
The Co-operative Group (Co-op) has reported £43m in underlying profits for the first half of the year, a notable improvement from the £1m loss in the prior year. This surge is attributed to efficient cost-saving measures, including annualised savings of £101m from 2022, along with further H1 2023 savings. Operational…
Read More » -
22 SeptemberElectrical
Currys to recruit for over 1,100 roles ahead of ‘peak’ trading
Technology retailer Currys has today announced plans to create over 1,100 new roles during this year’s “peak” trading period. To support the business through the “busiest” time of the year – the period leading up to Black Friday through to the January sales – 720 temporary roles have been made…
Read More » -
7 SeptemberElectrical
Currys LFL UK sales down 2% in Q2
Currys has revealed that its like-for-like in the UK and Ireland were down 2% for the 17 weeks ended 26 August 2023. Despite this the company stated that its revenue trends were better in July and August than in May and June. Currys stated that it saw robust sales in…
Read More » -
Aug- 2023 -31 AugustOnline & Digital
Frasers ups Boohoo stake to 9.1%
Frasers has announced that it has increased its stake in fashion retailer Boohoo to 9.1%. The latest increase takes the Mike Ashley owned company’s stake up from the previous 7.8% it owned. The group had previously stated that Boohoo aligned with its strategy of building “supportive positions in attractive companies”. …
Read More » -
29 AugustClothing & Shoes
Frasers ups Asos stake to 19.3%
Mike Ashley’s Frasers Group has announced that it has once again upped its stake in Asos to 19.3%, up from 18%. The news comes after the group increased its stake to 17% earlier this month. The group also raised its stake in Boohoo Group from 6.8% to 7.8%. Prior to…
Read More » -
8 AugustClothing & Shoes
Frasers ups stake in Asos to nearly 17%
Mike Ashley’s Frasers Group has announced that it has once again upped its stake in Asos to nearly 17%. The news comes after the group upped its stake in the online retail company to over 10% in June. Additionally, Frasers also acquired 7.8% stake in Boohoo last month. Prior to…
Read More » -
Jul- 2023 -31 JulyDepartment Stores
Frasers Group to axe 100 roles in Manchester
Frasers Group is reportedly set to axe more than 100 roles in its head office in Manchester in a bid to streamline the business, Drapers has reported. It is understood that the retail group has entered into a consultation period with staff from Missguided, I saw It First and Studio…
Read More » -
20 JulyEvents
FT Future of Retail: Delivering a more sustainable & seamless retail experience
The FT Future of Retail summit will return in 2023 with uniquely crafted panels, lightning talks and high-level keynote speakers to address the big challenges facing the retail sector. Taking place across one day and in a hybrid format, the event will gather some of the biggest names in the…
Read More »
