Marks Electrical
This coverage delivers business-focused reporting on Marks Electrical’s performance and strategy within the UK retail sector, as well as insights into leadership changes, including the appointment of Dipesh Mistry as interim CFO. This information supports retail executives, financial analysts, and professionals overseeing electrical retail operations and strategic planning.
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Jun- 2025 -6 JuneElectrical
Marks Electrical CFO departs
Marks Electrical has announced that CFO Josh Egan has left his role at the company to take up a role at Roadchef. Egan remains a director of the company and will continue to fulfil his current role, which will include supporting the business through its preliminary results in June and…
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Apr- 2024 -16 AprilNews
Today’s news in brief-16/4/24
Superdry has announced a restructuring plan targeting rent reductions across 39 UK stores. The company, seeking to secure its future amidst financial challenges, will undergo a delisting from the stock exchange. Founder Julian Dunkerton is underwriting an equity raise of up to £10m to support the initiative. While store closures…
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16 AprilElectrical
Marks Electrical FY sales hit record £114.3m
Online white goods retailer Marks Electrical has reported record full-year revenues of £114.3m for the 12 months ended 31 March 2024. Marks said thanks to the 16.9% increase in sales, it managed to improve market share in the Major Domestic Appliances and Consumer Electronics markets. It also revealed that its…
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Jan- 2024 -10 JanuaryNews
Today’s news in brief-10/1/24
Sainsbury’s reported a 6.5% increase in retail sales for the 16 weeks ending January 6, 2024. Grocery sales rose by 9.3%, with Christmas grocery sales up 8.6%. General merchandise sales dropped 0.6%, but excluding the impact of Argos’ closure in Ireland, they increased by 1.5%. The company reiterated its full-year…
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10 JanuaryTechnology
Marks Electrical reduces profit guidance despite rise in sales
Marks Electrical has reduced its full-year profit guidance despite reporting a 22% increase in revenues to £88.9m for the nine months to December 23 and a 17.8% increase in revenues to £35.1m for the three months to December 23. The news comes as “consumers remain highly price-conscious in a challenging…
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Nov- 2023 -16 NovemberNews
Today’s news in brief-16/11/23
Mars has acquired Hotel Chocolat in a £534m deal, offering a 168% premium on the share price. Mars sees cultural alignment between the two companies, sharing values of quality, sustainability, and purpose. Hotel Chocolat’s directors deemed the deal “fair and reasonable.” Mars, with its international footprint and global supply chain,…
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16 NovemberElectrical
Marks Electrical sees revenues rise to £53.9m
Marks Electrical Group has reported a 24.8% increase in revenues to £53.9m in H1 2024 compared with £43.1m in H1 2023. However, for the six months ended 30 September 2023 its adjusted EBITDA decreased from £2.7m to £2.3m due to the strategic decision to introduce its own installation service, combined…
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Oct- 2023 -12 OctoberNews
Today’s news in brief-12/10/23
Next is reportedly in the final stages of acquiring clothing brand FatFace in a deal worth over £100 million. This move follows Next’s recent acquisitions, including a majority stake in Reiss, the brand name and assets of Cath Kidston, and the acquisition of Made.com. The group also has investments in…
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12 OctoberNews
Marks Electrical revenues up 24.8% to £53.9m
Marks Electrical has reported a 24.8% increase in revenues to £53.9m during the first half of the year. The group saw robust performance across product categories with particularly high growth in televisions (+71%), washer-dryers (+74%) and American fridge-freezers (+36%). It also reported rapid growth in its premium next-day service offerings…
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Aug- 2023 -10 AugustElectrical
Marks Electrical revenues surge 31% in Q1
Online electrical retailer, Marks Electrical Group, revealed that revenue grew by 30.7% to £36.2m during the first quarter of FY24. This comes as the company performed particularly well in televisions, washer-dryers, and cordless vacuum cleaners. During the first quarter to 30 July, the company also saw continued growth in next-day…
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