All Electricals articles – Page 122
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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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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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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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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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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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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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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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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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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.
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Analysis50 websites to watch
Which websites are leading the way in the online world? Which ecommerce sites truly resonate with the biggest experts in the field?