All Electricals articles – Page 95
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News
Best Buy to close stores as part of turnaround plan
Electricals retailer Best Buy will close stores on an ongoing basis as part of a turnaround plan from new chief executive Hubert Joly. Closures will be based on store size – larger shops are likely to be targeted – proximity to other Best Buy sites and profitability. Best Buy hopes ...
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NewsEtailers consider bids for Comet assets as closure of stores begins
Appliances Online owner DRL has emerged as a bidder for the Comet brand as the fascia looks poised to disappear from retail parks for good.
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News
Electricals retailer Darty reports fall in revenue
Electricals retailer Darty, formerly Kesa, reported a 2.2% fall in revenue for the six months to October 31.The drop reflected a poor performance in the retailer’s domestic market, where sales slipped 3.9%, and its developing division (Spain, Italy and Turkey), where sales fell 2.6%.Like-for-likes showed a similar pattern, falling 1.7%. ...
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NewsComet makes further head office redundancies
Comet administrator Deloitte has made 735 further redundancies across the retailer’s head office, logistics division and home delivery network.
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NewsComet: List of first stores to close
Comet administrator Deloitte has earmarked 41 shops are to close by the end of this month. Here is a list of the first 27, which all began closing down Sales on Saturday.
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News41 Comet stores to close by end of the month
The administrators of collapsed electricals retailer Comet have confirmed that 41 Comet stores will close by the end of the month, putting up to 1,000 jobs under threat.
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NewsFirst Comet stores set to close next week
The first Comet stores are poised to close next week as closing down sales begin tomorrow.
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NewsThe Co-op launches 60-minute delivery slots on electricals
The Co-op is offering a free 60-minute time slot delivery service for electricals shoppers.
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NewsMore job losses at Comet as home delivery axed
Nearly 500 jobs are set to be axed at Comet next week as administrators are poised to terminate the group’s home delivery operation.
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AnalysisAnalysis: Retailers race to grab Comet's market share
Electricals rivals are squaring up to grab share of Comet’s sales in the wake of its demise, but can they avoid a similar fate?
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NewsMinisters urged to investigate OpCapita over Comet collapse
Comet staff have urged Ministers to investigate the collapse of the electricals retailer and the role played by former owner OpCapita.
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NewsComet collapse sparks early Christmas rush
Retailer’s demise pulls forward seasonal sales of electricals and technology.
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NewsCarphone Warehouse delivers like-for-likes up 5% in the UK
Carphone Warehouse has posted a 5% rise UK like-for-likes in the first half to September 30.
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NewsComet prices upped for "liquidation Sale", claim customers
Angry shoppers at Comet’s “liquidation Sale” have claimed that administrators have hiked up prices, according to The Sun.
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NewsMaplin to open travel stores next year
Electricals specialist Maplin is to open travel stores next year as the battle for spend in the lucrative captive market hots up.
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NewsEE poaches Boots boss as retail director
EE has poached Boots director Deidre Burns to head its retail operations amid a reshuffle of the management team.
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NewsGame boss defends OpCapita and insists it's 'in good shape'
Game chief executive Martyn Gibbs has defended its owner, former Comet backer, OpCapita, and has said it is performing well despite it operating without credit insurance.
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NewsAxe swings at Comet as 330 staff made redundant
Comet administrator Deloitte has made 330 of the electricals retailer’s staff redundant.
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OpinionComment: What has private equity ever done for retail?
Last week’s news that Comet has gone into administration adds further weight to those who argue that private equity does more harm than good to the retail sector.
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NewsShop Direct eyes Comet brand
Shop Direct is considering buying the brand and website of ailing electricals retailer Comet, which collapsed into administration last week.