All Marks Electrical articles
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NewsBuy It Direct CEO hits out at CMA approach to investigation
Nick Glynne, chief executive of Appliances Direct owner Buy It Direct, has said the Competition and Markets Authority “is wrong to name our business without giving us sufficient time to respond” to its latest investigation.
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NewsCMA launches investigations into Wayfair, Appliances Direct and Marks Electrical
The cases are among the first by the Competition and Markets Authority (CMA) to use its new consumer protection powers after a review focused on online pricing and sales rules.
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NewsMarks Electrical CEO sees green shoots despite falling profits and revenues
Marks Electrical profits and revenues have fallen after the retailer focused on “repositioning its inventory” in the first half, but its chief executive sees signs of recovery after returning to profitability in October.
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NewsMarks Electrical warns on profits following weak trading
Marks Electrical has issued a profit warning after weak first-half trading and rising costs weighed on its margins.
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FeaturePull the lever: where are smart retailers finding fresh growth?
From opening new customer segments and sales channels, to expanding overseas and diversifying their offers, Retail Week explores the ways retailers are getting back into growth and highlights some of the biggest success stories so far.
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NewsMarks Electrical reports record revenue before pivoting to more premium offering
Marks Electrical has reported record full-year revenue as it now turns its attention to focusing on its offering in the premium segment.
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NewsMarks Electrical finance boss steps down
Marks Electrical’s chief financial officer is set to leave after four years with the business.
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NewsMarks Electrical revenue grows as it pivots back to ‘premium focus’
Marks Electrical has recorded an uplift in revenue and said it is “actively pivoting” back to its “historically successful premium focus” to drive better margin performance.
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NewsFrasers Group rolls out Frasers Plus loyalty scheme for Marks Electrical
Frasers has extended its proprietary credit and loyalty offer to online electricals retailer Marks Electrical.
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NewsFrasers acquires South African sportswear retailer as it snaps up stake in Marks Electricals
Frasers Group has snapped up South African sportswear retailer Holdsport Group for an undisclosed sum on the same day it took a £3m stake in British brand Marks Electricals.
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Retail Navigator AnalysisMarks Electrical (Financials)
Moving ahead of the £100m mark for the first time, Marks Electrical’s hailed a 16.9% uptick in group sales to £114.3m in the year to 31 March 2024. Statutory pre-tax profit slumped to £0.6m in FY2023, compared to £6.4m in FY2022, bringing pre-tax profit margin down to 0.5% from 6.5% the year before. The retailer noted strong trading in April, May and June, with double-digit revenue growth and momentum picking up following the weaker January to March trading period with its performance giving it optimism for the year ahead.
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NewsMarks Electrical profits dip despite growth in sales
Marks Electrical has posted a dip in half-yearly profits despite a growth in sales as consumers traded down to non-premium products, reducing profit margins.
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NewsMarks Electrical profits have plummeted in ‘challenging but rewarding year’
Marks Electrical profits have slumped even while sales increased in what its CEO described as a “challenging but rewarding year” for the retailer.
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AnalysisHow the spark’s being put back into electricals retail at AO, Currys and Marks
As three big names in the electricals sector post their full-year results, Retail Week takes a look at the themes driving success in a once floundering market.
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NewsMarks Electrical ‘well positioned’ for market recovery after record year
Marks Electrical has said it is “very well positioned” for an electronics market recovery as sales jumped and its profits met expectations.
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NewsMarks Electrical posts record full-year sales
Marks Electrical revenue has reached a record £114.3m, despite an electronics slow-down and low consumer confidence for big-ticket items.
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AnalysisWhat does Currys’ and AO’s raised profit guidance tell us about the struggling electricals sector?
Both AO and Currys have posted impromptu profit upgrades ahead of their full-year updates this spring. Given that the electricals market has been floundering, what do the recent profit announcements tell us about the future of the sector?
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NewsMarks Electrical reduces profit guidance despite sales rise
Marks Electrical has reduced its profit guidance despite growth in revenue and market share as “consumers remain highly price-conscious” in a challenging trading environment.
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AnalysisStrategy spotlight: Five ways Marks Electrical is disrupting its competitors
In its most recent update, Marks Electrical reported a 24.8% increase in revenue, making it the UK’s fastest-growing electrical retailer. Firmly establishing itself as a challenger to larger competitors such as Currys and AO, what can others learn from its success?
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NewsMarks Electrical posts revenue growth with ‘continued market share gains’
Marks Electrical has posted a boost in revenue and continues to gain market share in the major domestic appliance and consumer electronics markets.