All Electricals articles – Page 10
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NewsAO boss has ‘no plans’ to return to physical retail
AO founder and chief executive John Roberts has said the group has “no plans” to return to bricks-and-mortar retail after closing its shop-in-shops with Tesco last year.
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NewsAO swings back into black as profit focus pays off
Electricals specialist AO World has returned to profit after a year of business simplification and refocus.
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NewsFrasers continues acquisition streak with stakes in Currys and Boohoo
Frasers Group has acquired an 8.9% stake in electricals retailer Currys and a 5% stake in online fashion retailer Boohoo in a continued string of acquisitions for Mike Ashley’s retail empire.
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NewsMusic Magpie trading ‘strengthens’ as it focuses on cost control
Music Magpie has delivered a “strengthened” trading performance as it chose to focus on cost control and increasing gross margins instead of “growing revenues on lower-margin products”.
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NewsCurrys launches strategic review of Greek business
Electricals retailer Currys has begun a strategic review of its Greek division, Kotsovolos, which could lead to a sale.
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GalleryStore gallery: EE opens ‘visionary’ new flagship store in Westfield London
Mobile phone provider EE has today opened its “future face of retail” flagship store in Westfield London, White City.
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NewsMarks Electrical sales soar in record year
Marks Electrical has enjoyed a record year as savvy shoppers researched online for better prices on large appliances.
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AnalysisStrategy spotlight: How AO is pivoting to profitable growth as Frasers Group snaps up stake
As Frasers Group snaps up a 19% stake in AO, the two retailers are “looking forward to realising the significant potential” of working more closely in partnership.
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AnalysisWhat does Frasers stand to gain from taking a £75m stake in AO World?
Mike Ashley’s sprawling retail empire is known to lead with an aggressive acquisition strategy, but news of Frasers Group buying an 18.9% stake in ecommerce electrical retailer AO.com came as a surprise to many.
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NewsAO to recruit 250 customer service staff after raising salaries by 20%
AO is looking to recruit more than 250 people to its customer service team after raising the pay of contact centre agents by over 20% in the past 12 months.
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NewsCurrys profits to beat expectations as UK performs strongly
Electricals giant Currys reported that earnings will come in ahead of guidance as the core UK and Ireland business traded ahead of expectations.
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NewsAO becomes first UK online retailer to stock ‘as new’ refurbished mobile phones
AO has become the UK’s first online retailer to offer “as new” mobile phones through its Mobile Phones Direct brand.
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DataRanking: The UK retailers with the biggest international sales
After several years of staying close to home, it’s no surprise that, even with the cost-of-living crisis, more than 60% of Brits are planning an overseas holiday this year – up by 10% on last year, according to research by American Express.
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InterviewMarks Electrical boss Mark Smithson on keeping its edge in a difficult market
The electricals sector has faced tough challenges amid the cost-of-living crisis, high inflation and a poor macroeconomic environment since Covid-19 but for Marks Electrical, the past few years have meant revenue growth and soaring sales.
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NewsAO raises profit guidance again as it recovers from struggling market
AO has issued a trading update that shows increased profit guidance ahead of the release of its full-year results in July.
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NewsMarks Electrical hails strong business model as revenues soar
Pureplay retailer Marks Electrical has reported record revenue growth in its latest financial year, which it attributed to a strong business model that enhanced margin.
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NewsFood inflation surge drives shop prices to fresh highs
The highest levels of food inflation on record drove overall shop prices to fresh highs during the ongoing cost-of-living crisis in March.
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NewsCurrys announces fourth pay rise in 18 months for store staff
Currys has announced a fourth pay rise in 18 months for nearly 10,000 store colleagues in the UK.
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NewsMusic Magpie CEO focused on ‘buying, selling and renting more’ to improve profits
Music Magpie founder and chief executive Steve Oliver has said the company is focusing on “buying more, selling more and renting more” after reporting expected, albeit lacklustre, full-year results.
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NewsMusic Magpie profits fall despite record Black Friday sales
Music Magpie has reported falling profits despite a record Black Friday trading week and more than doubling its rental subscribers year on year.