Currys edges down profit guidance after ‘challenging’ Christmas

Electricals retailer Currys has edged down its full year profit guidance after what it called a “challenging” technology market at Christmas with uneven customer demand and supply disruption.

The group, which trades from more than 800 stores in seven countries and online, said it expected to deliver a full-year 2021-22 adjusted pretax profit of around £155 million, versus last month’s guidance of about £160 million and £156 million made in 2020-21.

Currys said like-for-like revenue fell 5% in the 10 weeks to Jan. 8 year-on-year, but was up 4% against the same period in 2019-20, before the pandemic impacted trading.

Miele UK delivery partner

Miele has appointed two-person home delivery specialist ArrowXL to handle more than 2,500 consumer home deliveries each month across the UK.

Customers are able to use the 24-hour delivery service to nominate their delivery day. The ArrowXL service also includes an unpack and position feature, where the delivery team disconnect old appliances and connect the new ones as well as removing and recycling all unwanted packaging.

Otto Wilde Grillers first flagship store

Otto Wilde Grillers inaugurated its first flagship store on Düsseldorf’s ‘Kö’ boulevard, a sales floor covering around 130 m². The young Düsseldorf company, which has been in the majority ownership of the Miele Group since earlier this year, is an innovative specialist in the field of ambitious outdoor grilling.

Directly above Miele’s brand store and opened at the same time, Otto Wilde presents its range of grills, outdoor kitchen modules, accessories and premium cuts of meat, and stages its show cooking events. Founded in 2015 in Düsseldorf, Otto Wilde now employs a workforce of 40 and is above all known among barbecue fans for its versatile and adjustable O.F.B top-heat grill. Plans for the future include the launch of a modular outdoor kitchen which can be configured and extended to cater for customer preferences. The heart and soul of this outdoor kitchen is the connectivity-enabled G32 Connected Gas Grill.

Moreover, for perfect grilling results, the outdoor kitchen can be planned and configured individually to include for example the G32 Connected Plus premium gas grill with top heat, a powerful gas cooker and modules providing storage space. In addition to this, the Otto Wilde store offers high-quality

RKW creates 80 new jobs after securing eight-figure investment from HSBC

Aerial view of RKW's huge distribution centre in Stone, Staffordshire

A company which designs, manufactures and sells domestic appliances for big-name brands is creating dozens of new jobs after securing an eight-figure funding package from HSBC.

RKW, the trading division of Sutton Venture Group, says the investment is being used to created 80 new roles at the business and turn its huge warehouse, based on Stone Business Park, into 24 hour operation

The family-owned company already employs more than 500 staff across three distribution centres, its Stoke-on-Trent headquarters in Fenton, and offices in Hong Kong, India and China.Established in 1989, RKW designs, manufactures and distributes small domestic appliances and housewares for leading brands including Black and Decker, Lavazza, Morphy Richards, Tower, Smeg, Swan, Russell Hobbs and Breville. It supplies leading UK retailers – including Next, Amazon, Tesco, Currys and Argos – from its Staffordshire distribution centre, while international customers are supplied directly from its offices in China.

AO World shares dive 24 per cent amid driver shortage and supply chain problems

Shares in AO World plunged this morning after the online electrical retailer reported an operating loss of £11m in the six months to 30 September 2021, as a shortage of drivers and global supply chain issues stalled growth in the UK.

The disappointing results come a year after the UK-based company recorded an operating profit of £16m for the same period.

First BOSCH Brand Store in Belgium

The first BOSCH Brand Store in Belgium was officially opened on October 8, 2021. The opening ceremony was attended by numerous BSH suppliers, public figures, and BSH employees. With a total size of over 400 m², customers are welcomed in a bright, modernly designed space where the DNA of the Bosch brand is palpable. The products are perfectly presented thanks to the concept developed by the German service provider “Schmidhuber” and the excellent work of the Belgian service provider “Creaplan”. There, customers can explore the BOSCH product world and experience the brand’s new innovations up close. Of course, competent store employees are available for consultation

Currys confident in supply chain

Currys, Britain’s biggest electricals retailer, is well stocked despite supply chain disruption and confident it will enjoy a strong Black Friday and Christmas trading period, its boss said on Thursday.

British retailers are grappling with delays in their international supply chains that are being compounded by labour shortages in the UK transport and warehousing networks.

Alex Baldock, CEO of Currys, which was previously called Dixons Carphone, said the firm had worked hard to mitigate the risks and as UK market leader had an advantage with suppliers, such as Samsung Electronics, Hewlett Packard and Arcelik, in having first call on scarce stock.

“It’s been incredibly hard work but we’re in quite good shape. We’ve got more stock in the business now than we had last year and we’re confident that we’re going to have a strong peak trading period,” he told reporters at Currys’ Staples Corner store in north west London, where he hosted a Capital Markets Day.

“Are we going to have every item in every sub-category that we would ideally like in every store, probably not,” he said.

CIH new Yorkshire warehouse

CIH buying group has announced the opening of a new 125,000sq ft warehouse in Tankersley, South Yorkshire to facilitate product range growth and provide better stock availability for its members.Now they can better serve their agents and Offering even speedier deliveries and of course, ensuring the most popular product lines are held in stock

.Independent electrical buying group takes on speculative Barnsley development

125,000 sq ft warehouse unit on the M1 corridor at Barnsley has been bought, with 70 jobs to be created by leading electrical buying organisation Euronics.

Bramall Properties brought forward Maple 125, a speculative development at Junction 36, in conjunction with Rula Developments and with the support of Enterprising Barnsley.

Combined Independents (Holdings) Ltd, the national group of independent retailers behind the Euronics brand, will now put it at the heart of the European distribution network

Steve Scogings, chairman, said: “This is a significant investment for CIH on behalf of its members, but one that we are confident that it will be worth its weight in gold.

“It gives us exactly what we need as a business. We now have access to purpose-built, high-quality space in the right location to buy and hold more stock of our key product lines. This will help CIH members serve their customers in the right way, with speed, efficiency and to the highest possible standard