Marks Electrical

Marks Electrical is online retailer selling household appliances including fridges, freezers, washing machines, TVs and dishwashers. It was established in 1987 and is known for its competitive prices. Retail Week provides news, analysis, features and opinion about Marks Electrical and the electricals sector.

Latest news and insight on Marks Electrical from Retail-Week.com

News
Frasers acquires South African sportswear retailer as it snaps up stake in Marks Electricals
2024-11-26T14:24:00+00:00By Hugh Radojev
Frasers Group has snapped up South African sportswear retailer Holdsport Group for an undisclosed sum on the same day it took a £3m stake in British brand Marks Electricals.
Retail Navigator Analysis
Marks Electrical (Financials)
2024-11-12T17:22:00+00:00Marks Electrical
Moving ahead of the £100m mark for the first time, Marks Electrical’s hailed a 16.9% uptick in group sales to £114.3m in the year to 31 March 2024. Statutory pre-tax profit slumped to £0.6m in FY2023, compared to £6.4m in FY2022, bringing pre-tax profit margin down to 0.5% from 6.5% the year before. The retailer noted strong trading in April, May and June, with double-digit revenue growth and momentum picking up following the weaker January to March trading period with its performance giving it optimism for the year ahead.
News
Marks Electrical profits dip despite growth in sales
2024-11-12T07:22:00+00:00By Ritika Bhoora
Marks Electrical has posted a dip in half-yearly profits despite a growth in sales as consumers traded down to non-premium products, reducing profit margins.

More on Marks Electrical

News

Marks Electrical profits have plummeted in ‘challenging but rewarding year’

2024-08-08T06:21:00+01:00By Hugh Radojev

Marks Electrical profits have slumped even while sales increased in what its CEO described as a “challenging but rewarding year” for the retailer.

Analysis

How the spark’s being put back into electricals retail at AO, Currys and Marks

2024-06-27T16:25:00+01:00By Megan Robinson

As three big names in the electricals sector post their full-year results, Retail Week takes a look at the themes driving success in a once floundering market.

Marks Electrical ‘well positioned’ for market recovery after record year
2024-06-26T06:23:00+01:00By Chloe Mills
Marks Electrical posts record full-year sales
2024-04-16T06:27:00+01:00By Ellis Hawthorne
What does Currys’ and AO’s raised profit guidance tell us about the struggling electricals sector?
2024-04-02T16:25:00+01:00By Megan Robinson
Marks Electrical reduces profit guidance despite sales rise
2024-01-10T07:31:00+00:00By Ritika Bhoora

Strategy spotlight: Five ways Marks Electrical is disrupting its competitors
2023-11-03T06:30:00+00:00By Hanna Hua
Marks Electrical posts revenue growth with ‘continued market share gains’
2023-10-12T10:37:00+01:00By Megan Robinson
Marks Electrical (People)
2023-10-03T09:22:00+01:00Marks Electrical
Marks Electrical (SWOT)
2023-10-03T09:22:00+01:00Marks Electrical

All Marks Electrical content from Retail-Week.com