All Electricals articles – Page 142
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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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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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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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AnalysisJanuary Sales: Which retailers delivered the goods for bargain hunters?
The January Sales season started earlier than ever this year, but when consumers hit the shops which retailers were really delivering the goods?
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NewsBest Buy picks UK merchandise system
US electricals giant Best Buy has selected to use a merchandise system for the roll-out of its UK stores.
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AnalysisInsurance: Got it covered
The Competition Commission may have restricted the marketing of extended warranties, but insurance products still play an important role on the high street.
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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.
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NewsDSGi smashes Christmas expectations
DSG International has reported like-for-like sales up 8% in the 12 weeks to January 9 with a record-breaking Christmas in the UK in key categories.
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NewsBrightHouse enjoys strong festive sales
Rent-to-own electricals and furniture retailer BrightHouse has reported a strong Christmas with like-for-like sales up 9% in the 13 weeks to December 24.
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News
Deal between Suning and Citicall Retail Management
Suning, one of the leading electrical appliance retailers in China, has struck a deal to buy Hong Kong-based Citicall Retail Management for $4.5m (£2.76m), sources reported. Suning is due to complete its takeover of Citicall Retail Management by March. The Shenzhen-listed enterprise wants to extend its presence in Hong Kong ...
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News
Walmart to cut costs
Walmart is to launch a drive to cut billions of dollars of costs from its supply chain in 2010 by combining its store purchasing across national frontiers as it attempts to globalise its business, The Financial Times reported.The effort is part of the retailer’s plans to increase the proportion of ...
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NewsBest Buy unveils new-look UK website
Best Buy UK has upgraded its website with the addition of a range of new content ahead of the opening of its first shops in this country in the spring.
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NewsOnline sales of books and electricals to overtake those on high street by 2020
Online sales of electricals and books are set to overtake those on the high street within 10 years.
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NewsKesa chief brushes off UK Best Buy threat
Kesa group chief executive Thierry Falque-Pierrotin questioned the impact US electricals giant Best Buy will have in the UK as Kesa posted better than expected results.
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GalleryDyson Bluewater
There is a sense currently that if it’s a Monday, Tuesday, Wednesday, Thursday or Friday, then there will be a new pop-up store on the block and last week, Wednesday saw the opening by Dyson, the vacuum cleaner people, of a temporary store in Bluewater.
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NewsTalk Talk poaches Sainsbury’s Dido Harding
Sainsbury’s has said its convenience strategy will remain on track despite the exit of its convenience director Dido Harding, and that it will appoint someone to take over her responsibilities in the new year.
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NewsSainsbury’s Dido Harding to head up TalkTalk
Dido Harding, head of Sainsbury’s convenience stores, is to join TalkTalk – the soon to be demerged broadband arm of Carphone Warehouse, as chief executive.
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NewsKesa records better-than-expected first half
Electricals retailer Kesa’s has revealed a better-than-expected first half, with adjusted group pre-tax profit jumping 37% to £14.9m in the six months to October 31.