Category Archives: Retail suppliers

Currys Nordic business probed by European watchdog

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Currys Nordic subsidiaries are being probed by European regulator over competition infringement concerns
// The EFTA Surveillance Authority will look at whether the retailer had violated the rules while securing exclusive access to certain electric goods

Elkjøp is a leading retailer of electronic goods in the Nordics, with more than 400 stores across Denmark, Finland, Norway and Sweden, as well as franchise operations in Greenland, Iceland and the Faroe Islands.

The ESA said it was investigating whether the retailer had violated competition rules while securing exclusive access to some electric goods.

“The investigation will also look into arrangements where specific competitors have been denied access to certain electronic goods,” it said in a statement.

Last week, Currys raised its profit outlook following better-than-expected trading in the UK in the final two months of the year.

Currys raises profit outlook as UK beats expectations

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Currys has raised its profit outlook for 2022-23 after better-than-expected trading in the UK in the final two months of the year.

The electricals retailer had previously lowered its guidance in March due to the weak performance of its Nordics business, but said today it now expected to report a year to April 29 adjusted pre-tax profit of £110 to £120m.

This is ahead of previous guidance of around £104m, but down from the £186m made in 2021-22.

The appliance for rent takes off in Spain

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The Cecotec retailer offers vacuum cleaners, smartphones, televisions, electric scooters or refrigerators for rent for a few days or monthsIt’s called Cecorent and it’s the first pay per use service in the household appliances sector in Spain. Online on the website of the Cecotec retailer, robot vacuum cleaners, televisions, smartphones, refrigerated electric scooters can be rented for a certain number of days (the minimum is 4) or months with no obligation to purchase them and guaranteed by insurance that covers any damages
There are no delivery and collection costs. Anyone who decides to buy the appliance after trying it is entitled to a discount on the list price.

MIDEA HAS LAUNCHED A NEW LINE OF BUILT-IN APPLIANCES IN PARTNERSHIP WITH MONDO CONVENIENZA

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Midea has launched a new line of built-in appliances under the Midea brand in partnership with the important furniture chain, Mondo Convenienza. Designed to adapt to all the needs of the contemporary kitchen, Midea ovens, hobs, refrigerators and dishwashers are designed by conceiving each product as part of a single ecosystem, in which each line is united by the same aesthetic language for the benefit of functionality that every family can find in their own home.Mondo Convenienza is an Italian company specialized in the large-scale distribution of furniture and furnishing accessories

Fnac Darty strengthens in Portugal

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Fnac Darty announces that it has entered into an agreement with MediaMarktSaturn, a subsidiary of Ceconomy, with a view to acquiring 100% of its activities in PortugalElectronics retailer MediaMarkt Portugal operates 10 stores and a webshop, recording sales of EUR 140 million in the financial year 2021-2022.

For its part, Fnac Darty operates 35 Fnac stores in Portugal, as well as six PC Clinic centres, one Nature et Decouvertes outlet and the Fnac.pt website, for a 2022 turnover of EUR 370 million. With this acquisition, Fnac Darty will further boost its number two position in Portugal. The transaction is subject to the approval of the Portuguese Competition Authority, and Fnac Darty aims to complete the deal by summer 2023.

Marks electrical

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Online electrical retailer Marks Electrical Group reported record full year revenue of £97.8m, according to a trading update for the year to 31 March 2023.

The results represent a growth rate of 21.5%, up from £80.5m in 2022.

The firm is now expecting to achieve a full year Adjusted EBITDA exceeding £7.5m.

“We are delighted to finish the year with revenue growth of 21.5% to a record £97.8m, especially against the prevailing economic back-drop. This further demonstrates the strength of our business model and the attractiveness and advantage of our market-leading customer offering, as more people continue to discover our brand up and down the country,” Mark Smithson, chief executive officer, commented.

Marks Electrical Group recorded a strong trading period in its fourth quarter, with 20.0% revenue growth to £24.8m – up from £20.7m during the same period in 2022.

DH Lifelabs new trade partner

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Bluestem Group introduce a new brand partner, DH Lifelabs UK, who produce innovative air treatment products to create a cleaner, safer and more comfortable home.

In addition to the revolutionary Aaira Surface Cleaning & Disinfectant System, we are stocking a number of air purifiers, including the compact Aaira Mini, as well as Wi-Fi enabled models.
for more info call Bluestem on 01473 271272

Euronics show

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The CIH Euronics Showcase, an exclusive event for CIH members, Euronics agents, and participating brands, is set to take place at the NEC in Birmingham on April 23rd and 24th, 2023. The event aims to help members and agents succeed in the current challenging retail environment by providing the opportunity to see the latest products a record number of companies, over 40 brands, will be exhibiting at the showcase, with a diverse range of products including domestic appliances, Beko; Blomberg; CDA; Liebherr; Haier; Hoover; Hisense; Creda; ASKO; Vax; Dyson; Product Care Group; Caple; Rangemaster; Bosch; Neff; Siemens; Rangemaster; Whirlpool; Hotpoint; LG; Sony; Smeg; Shark/Ninja; AEG; Samsung; plus many others