All Electricals articles – Page 137
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News
Suning sales up to £5.46bn
Consumer electronics retailer Suning has reported that preliminary full-year net sales jumped 16.8% to Yn58.3bn (£5.46bn) against the previous year. Net profit hit Yn2.88bn (£269.9m), up 32.8% year on year. Comparable store performance improved 7%. Suning opened 182 stores in 22 cities over the year, and closed 53 stores.
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NewsRWC2010: Reformatted DSGi stores are best performing stores in group
DGSi’s new reformatted stores are the best performing in the group and its latest £5m advertising campaign has helped drive sales, chief executive John Browett has revealed.
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News
Customer satisfaction with top retailers improves
Customers’ satisfaction with retailers improved for the first time after three quarters of small declines, according to the National Customer Satisfaction Index.
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NewsBest Buy eyes Homebase stores
Electricals group Best Buy Europe is close to acquiring two superstores from Homebase, it is understood.
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NewsOnline retail sales hits lowest-ever annual growth in January
Online retail sales growth slowed to its lowest-ever level in January, up just 5% like-for-like to £4.3bn.
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NewsElectricals etailer Ebuyer plots growth
Vida Capital Partners is confident of a strong 2010 as it ramps up its two retail businesses, etailer Ebuyer and kitchens retailer Wrens.
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News
Mobile phone retailer Svyaznoy to offer financial services
Local mobile phone retailer Svyaznoy is to offer financial services in its stores following the chain’s merger with Russian bank Promtorgbank. 100% of Svyaznoy securities and an 87% stake in Promtorgbank will be assigned to a new company. Svyaznoy owner and founder Maksim Nogotkov will retain a controlling stake in ...
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AnalysisBest Buy could do worse than buy into Australia
While on the face of it an acquisition seems far fetched, Best Buy purchasing a top five player in a buoyant market wouldn’t be the craziest move.
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NewsBest Buy trademarks Rumbelows name
Best Buy has trademarked the name of defunct electricals retailer Rumbelows but the brand will not be used by the US giant, which will open its first big box store in this country in the spring.
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AnalysisChristmas trading: Cause for celebration
To their relief, most retailers pulled off a good Christmas after a fraught year. As the festive trading season nears its end, Lisa Berwin examines the key findings from OC&C’s Christmas Trading Index
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News
‘iPod’ the most searched-for brown goods brand term
“Ipod” is the most searched-for brand term on the internet in the brown goods sector, generating 9% of all searches in a month.
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NewsBest Buy to create 1,000 Geek Squad jobs in UK
US electricals retailer Best Buy is to create up to 1,000 UK jobs as it expands its Geek Squad customer support service.
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News
Best Denki to close stores
Electronics retailer Best Denki plans to close 50 to 70 stores by February 2012 and cut staff numbers by several hundred to slash costs.The cuts follow the revelation of increased losses in the retailer’s third quarter.Best Denki will also liquidate its Sakuraya subsidiary, with its 15 stores closing next month.Chairman ...
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OpinionBring it on, Best Buy
Leopards can never change their spots, but maybe something almost as remarkable has happened: not only did DSGi have a great Christmas, it looks as if chief executive John Browett is genuinely changing the business for the long-term good.
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AnalysisRecovering US retailers’ plan of attack
The rules of retail in the US have changed, but the impact will be felt worldwide. Joanna Perry reports from New York
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NewsDSGi ready for Best Buy after stellar Christmas
Electricals group DSGi is preparing for its spring showdown with Best Buy bolstered by an “excellent” Christmas performance.
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NewsOnline retail sales hit £5.46bn in December
Shoppers spent £5.46bn online in December and increase of 17% on last year, according the IMRG Capgemini’s latest e-retail sales index.
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NewsComet owner like-for-likes slip 0.3% over Christmas
Electricals retailer Kesa revealed a like-for-like decline of 0.3% in the 10 weeks to January 8.
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NewsBest Buy Europe like-for-likes up 6.3%
Best Buy Europe - the joint venture between Carphone Warehouse and Best Buy - has reported UK like-for-like sales up 6.3% in its third quarter and remains on track to unveil its first big-box shops in spring.
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NewsJessops reshuffles senior team in service drive
Jessops has reshuffled its senior management team as it focuses on service under chief executive Trevor Moore who joined in August.