Electrical
The latest news, updates and analysis on the electronic goods segment of the the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Dec- 2024 -12 December
Currys HY losses narrow as it warns of price rises
Currys has posted a loss before tax of £10m for the half year ended 26 October 2024, up from £44m…
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Nov- 2024 -26 November
AO raises guidance as half-year profits hit £17m
Electrical retailer AO has raised its full-year forecast to between £39m and £44m, as profits before tax rose 30% year-on-year…
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22 November
Currys unveils UK&I store upgrades ahead of Xmas trading
Currys has announced a range of upgrades to its UK and Ireland stores ahead of the Golden Quarter trading period,…
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Oct- 2024 -2 October
AO World to acquire MusicMagpie in £10m deal
AO World has announced that it is set to acquire MusicMagpie in a deal worth £9.98m which is expected to…
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Sep- 2024 -6 September
Gear4music on track for FY25 revenues of £154.7m
Gear4music expects that revenues for the year ending 31 March 2025 will be on track to hit a total of…
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5 September
Currys revenues up 5% amid strong Euros performance
Currys has seen its UK and Ireland revenues jump 5% like-for-like in the 17 weeks ended 24 August 2024. The…
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Jul- 2024 -12 July
Currys speeds up UK store investment programme
Currys has announced that it will be making further investments in its store portfolio, which will see 50 of its…
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10 July
Dyson to cut up to one third of its UK workforce
Vacuum cleaner maker Dyson is reportedly planning to cut around 1,000 jobs, nearly one third of its UK workforce, following…
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Jun- 2024 -27 June
Currys adjusted PBT rises 10%
Currys has revealed that its group adjusted profit-before-tax rose 10% year-on-year to £118m, for the year ended 27 April 2024.…
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26 June
AO adjusted PBT hits £34.3m in bumper FY24
Electrical retailer AO World has reported that adjusted profits before tax reached £34.3m in the year to 31 March, spelling…
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