All Electricals articles – Page 112
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AnalysisAsset-based lending: What do retailers need to know?
Although Woolworths’ failure left asset-based lending with a hard- to-shake stigma in the UK, the Comet deal shows it is a perfectly viable form of funding.
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News
Euroset withdraws from Ukrainian market
Russian mobile phone retailer Euroset has withdrawn from the Ukrainian market, closing all its stores.Euroset has been reducing stores numbers in Ukraine since 2009. The biggest disposal was in the summer of 2010 when the company shut 150 shops. In December 2010, Euroset had 275 stores in the country and ...
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News
Yamada Denki posts drop in net sales
Electronics retailer Yamada Denki has posted a 2.6% drop in net sales to ¥987bn (£8.04bn) for the first half. Operating profit rose 33.8% to ¥63bn (£518.3m), while net profit increased 44.6% to ¥40.9bn (£333.5m).During the period the company introduced electric vehicles, solar panels, household lithium batteries and energy-saving equipment in ...
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NewsPhones 4u makes wi-fi available in all of its stores
Mobile phone retailer Phones 4u has made wi-fi available free in all of its UK stores.
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NewsBrightHouse refinances
BrightHouse has completed its debt refinancing, resulting in more than £100m of senior debt facilities that it will use for repayment of existing financing and working capital.
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NewsPrice-matching drives weekly sales rise at John Lewis
Sales at John Lewis department stores climbed 4.4% last week lifted by an “outstanding” fashion performance as the retailer price-matched a rival’s promotion.
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NewsComet to focus on value under new ownership
The new owners of electricals retailer Comet intend to restore its value credentials as they prepare to fight against the dominance of Dixons in a rapidly changing market.
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News
Woolworths initiates strategic review of electronics business
Woolworths has initiated a strategic review of its Dick Smith consumer electronics business. Woolworths said that the electronics sector has been undergoing challenges, particularly because of tightened consumer spending on discretionary products and because of the effects of the high Australian dollar.
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AnalysisDixons Retail, Star Wars
Dixons Retail’s last Star Wars advert in 2010 marked a change of direction for its Currys and PC World businesses, representing a gradual shift from price- focused, functional advertising to a more creative approach designed to entertain and capture shoppers’ imaginations.
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NewsDrama dominates as Kesa sells Comet
Stores shares advanced across the board in a week dominated by dramatic corporate action and results from some of the industry’s biggest names.
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AnalysisChristmas expectations: What do retailers need to know?
An ill wind is blowing in the run-up to Christmas as signs point to a dip in spending over the festive period. Is there any hope of good cheer on the horizon?
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OpinionAll change in electricals but Dixons is still on top
In the space of a week, the electricals retail landscape has been transformed.
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NewsComet sold to OpCapita for £2
Turnaround private investment firm OpCapita has bought electricals retailer Comet from owner Kesa for £2.
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NewsMarks & Spencer suffers half year profits drop
Marks & Spencer has revealed a fall in underlying pretax profit to £315.2m from £348.6m in the 26 weeks to October 1 as the retailer invested in offering customers value for money in light of the depressed economy.
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NewsBest Buy underestimated the competition, says John Lewis boss
John Lewis boss Andy Street said Best Buy underestimated the competition when it launched in the UK.
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NewsRetail like-for-likes slip 0.6% in October
UK like-for-like retail sales slipped 0.6% in October as growth in food sales slowed and non food sales fell. Total sales were up 1.5%.
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NewsBrightHouse profits up 22% in first half
Rent-to-own electricals and furniture retailer BrightHouse has revealed EBITDA rocketed 21.8% to £20.7m in its first half.
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NewsBest Buy UK big box stores to shut
Electricals group Best Buy is to close its big boxes in the UK and partner Carphone Warehouse’s will instead focus on developing its ‘connected world’ store model.
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NewsM-commerce sales to reach £2.5bn by 2016
Mobile retail is expected to grow by 42% per year for the next five years to be worth £2.5bn by 2016.
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