All Electricals articles – Page 118
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OpinionRetail’s week of woe could be just the start
In bad times, weak retailers fail. None of the names that have hit difficulty in the past week will have come as a surprise to anyone who follows the sector.
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OpinionGeneral retailers defy market and bad news
Retailers may have gone down like dominoes over the week but despite the slew of bad news publicly quoted general retailers were up versus the market generally.
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News
French competition authorities approve Saturn's 34 acquisitiion
The acquisition of Metro Group-controlled Saturn’s 34 Saturn consumer electronics stores in France has been approved by the French competition authorities with conditions. The chain is to be sold to HTM Group, the operator of the Boulanger banner, and is due to take effect today.HTM will take over existing staff, ...
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NewsHMV chiefs outline new vision after awful year
HMV chiefs have reaffirmed their faith in the retailer after a terrible year, and set an operating margin target of between 3% and 4%.
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NewsJohn Lewis weekly sales rise almost 8%
Department store chain John Lewis enjoyed its best trading of the half-year so far last week, when sales rose 8.6% to £57m.
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NewsInvestors should drop idea of UK Retail plc, says analyst
Investors should abandon the idea of ‘UK Retail plc’, a label which has outlived its usefulness, Peel Hunt analyst John Stevenson has argued.
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NewsVast contrast typifies results across retail
Food and general retailers alike lagged a flattish market as updates and sector data showed sharply divergent performances from store groups.
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News
Best Buy records a 1.7% fall in sales
Electricals giant Best Buy recorded a 1.7% fall in like-for-like sales during its first quarter ended May 28. Total sales grew by 1.4% to $10.9bn (£6.74bn ), but fell 0.8% in the US domestic market to $7.86bn (£4.86bn).Internationally the picture was better, with sales up 7.6% to $3.08bn (£1.9bn), or ...
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NewsSolid year for Dixons, but balance sheet takes a hit
Dixons has announced a 6% fall in underlying profits for the year to 30 April, and warned of a “challenging” economic backdrop.
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NewsBest Buy rumoured to be mulling Dixons bid
US electrical giant Best Buy is rumoured to be sizing up a bid for UK rival Dixons.
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NewsLoss-making Comet to close 17 stores
Electricals retailer Kesa said Comet slumped into the red in the year to April 30, making a loss of £8.9m compared with retail profit of £11.5m the year before.
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NewsJohn Lewis fashion sales leap as prices cut
Department store chain John Lewis generated strong fashion sales last week as it price-matched rivals’ promotions.
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AnalysisClick-and-collect
Tesco is planning to accelerate the roll-out of click-and-collect, while fashion retailers are also getting in on the act as its value becomes clear
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NewsCarphone Warehouse targets tablets in bid for market share
Carphone spies opportunity to ‘tether’ tablets to mobiles in bid to seize share in fast-growing market
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NewsArgos boosts multichannel offer with launch of live TV channel
Catalogue store group Argos aims to grab a slice of the £750m TV home shopping market following the launch of its own channel
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NewsScottish retail sales worst since 1999
Scottish total retail sales declined 1.1% in May, making it the worst decline since the survey began in 1999.
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NewsBest Buy UK big boxes lose £62m in first year
Best Buy’s fledgling big box business lost £62.2m in its first full year of operating in the UK, joint venture partner Carphone Warehouse reported.
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NewsComet looks to exit 22 prime stores
Struggling electrical retailer Comet is circulating a list of 22 stores which it is looking to sell.