Currys is set to release a trading update this Thursday ahead of its annual general meeting, offering fresh insight into the health of the UK High Street. The announcement comes as retailers face growing pressure from slowing wage growth and cautious consumer spending.
Despite a 12% dip in share value since July’s peak, Currys stock remains up 18% year-to-date—highlighting resilience in a volatile retail landscape.
Recent analysis from Deutsche Bank warns that High Street businesses may struggle as economic headwinds tighten household budgets. All eyes are now on Currys’ upcoming report to gauge how the electronics giant is navigating these challenges.
Category Archives: Domestic appliance news,
Witt Denmark A/S Named Official Nordic Distributor for Haier and Candy
Starting November 1, 2025, Witt Denmark A/S will officially distribute Haier and Candy products across Denmark, Sweden, Norway, Finland, and Iceland. This strategic partnership strengthens Haier Europe’s regional presence and expands Witt’s portfolio of global brands.
By combining Witt’s deep market knowledge with Haier’s innovation in smart, sustainable appliances, the collaboration aims to accelerate the rollout of IoT-enabled, energy-efficient solutions tailored to Nordic consumers.
“We’re thrilled to offer a wider range of cutting-edge products to our Nordic customers,” says Jonas Haubjerg Grøn, Sales Director at Witt. Francesco di Valentin, Chief Business Officer at Haier Europe, adds, “This marks a key step in our growth strategy, built on shared values of innovation and customer focus.”
Haier Europe sees the alliance as a move toward becoming the top choice for smart, sustainable home solutions in Europe.
Electrolux Unveils Global Restructure
Electrolux CEO Yannick Fierling has announced a sweeping global reorganisation aimed at sharpening the company’s customer focus—particularly in the Asia-Pacific (APAC) region. The restructure, effective 1 January 2026, marks Fierling’s one-year anniversary at the helm.
Under the new framework, Electrolux will replace its existing ‘Business Areas’ with newly defined ‘Regions.’ The former Europe, Asia-Pacific, Middle East and Africa (BA EA) division will be split into two distinct entities:
- Region Europe, Middle East & Africa (EMEA)
- Region Asia-Pacific (APAC)
Fierling explained that APAC will concentrate on commercial functions such as marketing, sales, and product lines, while other regions will also oversee operations like manufacturing. “These changes are designed to enhance customer responsiveness in APAC,” he said, noting that the new regional head will be announced soon.
Electrolux ANZ Managing Director Kurt Hegvold welcomed the restructure, calling it a win for the local market. “It brings our voice closer to senior leadership and strengthens ties with key partners and consumers. A flatter, leaner structure will help us move faster and serve customers more effectively,” he told Appliance Retailer.
Alongside the geographic overhaul, Electrolux has confirmed several leadership appointments:
- Eduardo Mello becomes Head of Region Latin America, succeeding Leandro Jasiocha. Mello previously led Global Food Preservation and served as Commercial VP for Latin America for a decade.
- Leandro Jasiocha steps into the role of Head of Region EMEA, replacing Anna Ohlsson-Leijon, who is departing to pursue external opportunities. Fierling praised Ohlsson-Leijon’s strategic leadership and lasting impact on the Group.
- Patrick Minogue has been named Head of Region North America, following the retirement of Ricardo Cons.
Electrolux Sees Profits Surge as North American Comeback Powers Q3 Growth
Electrolux has posted a strong third-quarter performance, with operating profits more than doubling year-over-year—thanks largely to a revitalized North American business. The Swedish appliance giant, whose portfolio includes household names like Frigidaire and AEG, reported operating earnings of 890 million kronor ($94.5 million), up from 349 million kronor in the same period last year.
This impressive leap was fueled by a 5% organic sales increase, driven primarily by double-digit growth in North America. After years of grappling with high production costs, plant inefficiencies, and intense competition, Electrolux’s U.S. operations have turned a corner—gaining market share and helping to offset rising customs duties.
“Despite a pressured price environment, we were able to offset most of the cost increases related to US customs duties in the third quarter,” said CEO Yannick Fierling, highlighting the company’s resilience and strategic progress.
Haier and Cevital Partner to Advance Smart Living in Algeria
Haier has entered a strategic alliance with Cevital, Algeria’s leading industrial group, to co-develop and market smart home appliances. By combining Haier’s global tech expertise with Cevital’s local manufacturing and distribution power, the partnership aims to deliver innovative products and intelligent living solutions
Philips Unveils Baristina Plus: Style Meets Speed in Your Morning Brew
Philips introduces the Baristina Plus, a sleek espresso machine with stainless steel and ash wood accents. It brews espresso, lungo, or iced coffee in under a minute, using “hot brew over ice” tech for rich, café-style iced drinks.
Compact yet powerful, it features a ceramic grinder and 16-bar pressure for full flavor extraction. Easy to clean and designed to elevate any kitchen, it’s both a high-performance brewer and a stylish centerpiece.
Explore recipes and tips via the HomeID app and Philips Home socials.
All-in-one water station—Dreame S1.
Meet your all-in-one water station—Dreame S1. ❄️ 3°C ice water on demand. 🔥 3-second hot water up to 100°C. 🧊 Pure, crystal-clear ice cubes. All in a footprint of two iPads.
White knight UK
Montpellier Domestic Appliances is proud to become the exclusive UK distributor for the legendary White Knight brand. This strategic partnership unites two trusted names in home appliances, both known for delivering exceptional quality, dependable performance, and outstanding value.
Fnac Darty Posts Solid Q3 Growth, Powered by Unieuro Acquisition and Strong Spanish Performance
Fnac Darty reported a 1.6% year-on-year increase in third-quarter sales for 2025, reaching €2.5 billion on a like-for-like basis—assuming Unieuro had already been part of the group in Q3 2024. The actual impact of Unieuro’s integration was far more dramatic, driving a 34.6% surge in total sales.
📈 Regional Highlights:
– France led the charge with a 1.7% uptick, reinforcing its role as the group’s growth engine.
– Rest of Europe saw more modest gains at 1.3%, reflecting mixed market dynamics.
– Spain emerged as a standout performer, posting a 3.9% increase in Q3 and a robust 6.2% rise over the first nine months.
📉 Italy’s Drag:
Despite Unieuro’s contribution to overall growth, Italy was the only market to contract, with turnover dipping 0.6% year-to-date. This suggests localized challenges that may require strategic recalibration.
Fnac Darty’s performance underscores the strategic value of its Unieuro acquisition while highlighting the need for targeted efforts in underperforming regions.
Haier’s Smart Dishwashing Revolution: I-Pro Shine & Xynergy Series Redefine Clean”
Haier is transforming the way we approach dish care—blending state-of-the-art technology with eco-conscious design to deliver cleaner dishes and a greener home.
✨ I-Pro Shine Collection
Say goodbye to bacteria and lingering odors. The I-Pro Shine range features exclusive BIOVITAE LED light technology, eliminating up to 99.99% of bacteria—all at low temperatures and without any UV exposure. Plus, its Odor Safe mode keeps your kitchen smelling fresh by neutralizing unpleasant smells from dishes left inside.
✨ Xynergy Series
Efficiency meets intelligence. The Xynergy Series boasts ultra-low energy consumption with cutting-edge heat pump technology, reaching an impressive A-50% energy class. Integrated smart sensors and AI-powered customization via the #hOn app adapt each cycle to your specific needs—delivering sparkling results with minimal waste.
With Haier, dishwashing isn’t just a chore—it’s a smarter, cleaner, and more sustainable experience.
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