All Electricals articles – Page 147
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News
Brian Dunn officially takes up Best Buy chief executive role
Brian Dunn has officially taken up the position of chief executive of Best Buy. Dunn, a 24-year veteran of the consumer electronics retailer, had been the president and chief operating officer. He succeeds Brad Anderson, who served as Best Buy’s vice-chairman and chief executive for seven years.Dunn joined Best Buy ...
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AnalysisDSGi and Kesa powering up for the electricals battle with Best Buy
As US giant Best Buy prepares for its UK launch, the dismal results of UK leaders DSGi and Kesa show they must raise their game, says Amy Shields
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NewsVodafone signs Carphone deal after three-year hiatus
Carphone Warehouse is to start selling Vodafone UK contracts in its stores next week after a three-year hiatus.
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NewsMobile operator Orange builds larger high street presence
Mobile phone operator Orange is forging ahead with its expansion drive as it seeks to increase its footprint on the high street.
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NewsJohn Lewis celebrates ‘excellent’ sales week
John Lewis department stores put in their best sales performance of the year so far last week when turnover rose 2.2 per cent.
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NewsShock Kesa results top poor week for retail sector
Stores underperformed the market despite some impressive recent updates, and Anglo-French electricals group Kesa provided a reminder of how tough conditions remained with shocking results on Wednesday.
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News
Shares at Gome rally
Shares at electricals retailer Gome have rallied after a seven-month suspension in trading when it revealed that US private equity firm Bain Capital will invest up to US$418m (£254.5m) in it.The deal gives Bain up to 23 per cent of shares, making it the second-largest shareholder, and will lend beleaguered ...
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NewsHalfords calls on mobile phone market to offset sat-nav slump
Halfords is to start selling mobile phones online and in 100 of its largest stores as it seeks to expand its in-car technology offer.
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NewsNew Best Buy chief Brian Dunn takes up the reins
Brian Dunn has officially stepped into the position of chief executive at Best Buy.
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NewsDSGi profits tumble
Profits at PC World and Currys owner DSGi slumped 78 per cent in the year to May 2.
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NewsKesa slumps to full-year loss
Kesa has reported an £81.8m full year loss and said that it does not expect a recovery this year.
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NewsIncoming DSGi chairman appointed non-exec director
Incoming DSGi chairman John Allan has been appointed a non-executive director of the electricals retailer.
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NewsHouseholds better off but still reluctant to spend
The average household’s discretionary income has risen by 25 per cent to £1,075 over the past 12 months, but consumers remain cautious about splashing out in stores.
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OpinionDSGi begins to show spark
Electricals rivals Kesa and DSGi both post full-year results next week. There hasn’t been much spark in either lately. But as Best Buy limbers up to take on the European incumbents next year, there are signs that the pair are getting into shape.
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NewsBest Buy first-quarter profits fall
First-quarter profits at US electricals retailer Best Buy have been impacted by restructuring costs, including those incurred by its joint venture with Carphone Warehouse.
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NewsKesa to sell Swiss business
Kesa has entered exclusive talks with Swiss electricals retailer FUST to sell its Swiss operation for CHF20m (£11.4m).
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NewsDavid Ross raises £38m from Carphone Warehouse share sale
Former Carphone Warehouse director David Ross, who stood down as deputy chairman last December, has sold 24 million shares in the retailer – about 15 per cent of his stake.
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News
Media Markt plans more stores in Turkey
Media Markt, the consumer electronics group owned by German retailer Metro Group, plans to open a further seven stores in Turkey by the end of this year.The move is part of Media Markt’s strategy to become the leader in the Turkish market by 2010. The retailer has opened nine stores ...
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NewsNokia rethinks Regent Street flagship design
Nokia is expected to begin work imminently on remodelling its flagship store on Regent Street, less than 18 months after its high-profile opening.
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NewsComet customers to share product queries online
Comet will let customers ask and answer each other’s questions about products using a service it is to add to its website.