All Electricals articles – Page 94
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News
Apple loses market value after weak Christmas
Apple lost more than $50bn (£31.8bn) of its market value last week after shares slumped 12% because of weaker-than-expected iPhone sales at Christmas, reinforcing fears that the retailer and technology giant is losing its dominance in smartphones.Apple posted first-quarter group revenue of $54.5bn (£34.66bn), compared with $46.3bn (£29.44bn) in the ...
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AnalysisAnalysis: Has Carphone Warehouse rebalanced the business for growth?
Carphone Warehouse today reported a 16% surge in third quarter like-for-like sales as shoppers stocked up on tablets for Christmas. Retail Week takes a look at how the business has been rebalanced.
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NewsCarphone Warehouse UK like-for-likes surge 16% in third quarter
Carphone Warehouse UK has revealed a like-for-like surge of 16% in its third quarter, driven by sales of tablets, the phones retailer reiterates in full-year profit guidance.
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NewsIan Cheshire and Lord Wolfson back Prime Minister on Europe
Retailers including Kingfisher chief executive Ian Cheshire and Next boss Lord Wolfson have welcomed David Cameron’s pledge to hold an in-out referendum on Europe.
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NewsHilco frontrunner to acquire Jessops brand
Restructuring firm Hilco, which acquired HMV’s debt on Tuesday, is the frontrunner to acquire the Jessops brand and is understood to be hatching plans to open branded camera concessions in HMV’s stores.
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OpinionBlog: Currys is making the most of Pinterest
Last year there was a huge buzz about Pinterest, hailed as the next big thing in social media.
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NewsMobile phone retailer EE to close 78 stores by April
Mobile phone retailer EE is to close 11% of its UK store estate following a review of its retail operation with 78 of its 700 shops set to close before the end of April.
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News
Best Buy reveals slight revenue decrease
Consumer electronics specialist Best Buy has revealed revenues of $12.8bn (£7.97bn) for the nine weeks ending January 5. That compares with $12.9bn (£8.03bn) for the nine weeks ending December 31, 2011.Turnover was down slightly because of a comparable stores sales fall of 1.4%.The performance was seen as encouraging for Best ...
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AnalysisAnalysis: Why the shutters closed on camera specialist Jessops
Following last week’s collapse of camera specialist Jessops into administration and the closure of stores, Tiffany Holland focuses on the reasons for the retailer’s decline.
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News'Phenomenal' tablet demand drives Christmas sales surge at Dixons
Electricals retailer Dixons reported strong Christmas trading as UK like-for-likes rose 8%, driven by “phenomenal” sales of tablets and the collapse of rival Comet.
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AnalysisAnalysis: Retailers’ new Sales strategies to meet consumer demand
Promotional activity has altered over the past few years. Retailers push online discounts and break from traditional January Sales, so what’s the best tactic to pursue?
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NewsJessops axes 77 more jobs as interested parties circle online business
Collapsed camera retailer Jessops axed another 77 jobs yesterday, as “several” parties remain interested in acquiring the Jessops brand and online business, it is understood.
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NewsClosure of all 187 Jessops stores starts as axe falls on 1,370 jobs
The closure of all 187 Jessops stores will begin today after administrator PwC said the retailer can no longer trade without supplier support.
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NewsJessops: List of store closures
All 187 Jessops stores will begin shutting today after administrator PwC said the retailer can no longer trade without supplier support.
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NewsJohn Lewis' first week of Clearance Sale drives 26% revenue uplift
John Lewis’ first full week of its Clearance Sale “continued momentum” from Christmas as turnover at the department store surged 26% to £91.8m in the week to January 5.
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NewsWould-be Comet white knight Coombes still aiming to resurrect brand
Would-be Comet white knight Clive Coombes is still aiming to buy the Comet brand after lodging four failed bids to buy the collapsed retailer since it went bust in November.
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NewsFormer Jessops chairman David Adams blasts HSBC over collapse
The former chairman of Jessops David Adams has criticised the collapsed camera specialist’s largest shareholder HSBC for dismissing “out of hand” a private equity-backed approach he claimed he made for the business last summer.
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AnalysisJessops timeline: Charting the company's history
A look at the history of camera specialist retailer Jessops which collapsed into administration yesterday.
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NewsJessops collapse blamed on suppliers changing credit terms
Jessops is understood to have filed for administration after suppliers Nikon and Canon changed the credit terms and cut the payment period.
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OpinionComment: Jessops' dullness was its downfall
There was more gloomy news in the electrical retail sector over Christmas and the New Year with the combination of Comet’s demise and the news yesterday that Jessops has called in the administrators.