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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Mar- 2023 -8 March
MusicMagpie FY profits fall despite record Black Friday sales
MusicMagpie has seen its profits fall by 14% from £44m to £38m in FY22 despite record sales on the week…
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Feb- 2023 -28 February
AO ups FY guidance amid improved margins
Online electrical retailer AO now expects its adjusted EBITDA to be in a range of £37.5m to £45m for the…
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Jan- 2023 -10 January
AO raises profit outlook despite 17% drop in Q3 revenues
Electronics retailer AO has raised its profit expectations for FY23 despite seeing a 17.2% decrease in revenues across its UK…
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Dec- 2022 -15 December
Currys falls to pre-tax loss of £17m in H1
Currys has fallen to a pre-tax loss of £17m for the half year ended 29 October 2022, down from profits…
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5 December
Curry’s ditches Royal Mail ahead of Christmas strikes
Curry’s has ditched Royal Mail as its delivery provider amid a series of Christmas strikes at the firm. As first…
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Nov- 2022 -22 November
AO revenues fall 17% in H1
Electrical retailer Ao reported a year-on-year revenue decline of 17% in the six months ended 30 September 2022, as the…
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17 November
AO expands fleet with 130 new delivery vans
Online electricals retailer AO has acquired 130 new home delivery vans from Fraikin, as part of an ongoing contract hire…
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Oct- 2022 -3 October
Currys confirms third hourly pay increase in 13 months
Currys has announced an additional rise for hourly paid colleagues in the UK by a further 3.5% to £10.35 per…
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Jul- 2022 -27 July
Music Magpie posts H1 loss amid revenue drop
Music Magpie has posted a first half loss of £0.7m, down from profits of £4m, in the six months to…
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7 July
Currys warns of ‘uncertain’ outlook despite profit rise
Currys has warned that its outlook for consumer spending is “uncertain”, despite reporting that pre-tax profits jumped 19% year-on-year from…
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