De Longhi are to open a new store experience in Phnom Penh, Cambodia. Something is brewing in Phnom Penh, and you don’t want to miss it! Delonghi is bringing something special to the city, something that will change the way you start your day in Phnom Penh . Stay tuned for more updates
Screwfix, the UK’s leading omnichannel trade retailer and part of Kingfisher plc, today announces it has acquired the stock, intellectual property, contracts and fixed assets of Connect Distribution Services out of administration, for a cash consideration of £3 million, following the appointment of Alvarez & Marsal as administrators.
Connect Distribution Services Limited is the leading retailer of appliance spares, accessories and consumables to both tradespeople and consumers through digital and telephone channels.Screwfix will continue to operate the business as a going concern, acquiring its e-commerce platforms, stock, intellectual property and product data, with over 400 current Connect Distribution Services employees transferring to Kingfisher group.
Connect Distribution Services’ online trading brands, which include well-known sites such as eSpares, BuySpares, 4OurHouse and the Connect Trade Portal, will continue to operate as normal.
There are many opportunities for synergy, with both businesses serving B2B and B2C customers through leading digital and fulfilment platforms. Over time, Screwfix will explore opportunities to enable customers to Click & Collect orders through Screwfix’s convenient nationwide store network. There is also potential to generate synergies with other parts of the Kingfisher Group
Mike Denny, Alvarez & Marsal, Joint Administrator of Connect Distribution Services said: “We are delighted to have completed a sale of the majority of the business and assets of the CDSL group of companies to Screwfix, saving over 400 jobs. We wish the business every success under its new ownership.”
Fredrik Tønnessen is from today the new CEO of Elkjøp Nordic. – He is looking forward to getting on the offensive, growing and making the business more profitable.Elkjøp Nordic AS is part of Currys, a leading multinational consumer electrical and mobile retailer and services company, employing over 42,000 people in nine countries. Together we are the market leader in the UK & Ireland, throughout the Nordics and in Greece.
CEVA Logistics obtained a 3-year contract to provide logistics and distribution services to Haier Europe. The company will be responsible for the warehousing and handling activities for both the B2B and B2C lines, dealing in particular with the entry and exit of goods, the stock management and the order preparation. CEVA Logistics will handle approximately 500,000 outgoing pieces and 500,000 incoming pieces within its 165,000 square meter logistics hub located in Somaglia (Italy), of which approximately 40,000 dedicated to Haier Europe.
Online electricals retailer AO World has hiked it annual earnings outlook for the third time in just over three months as it said cost-cutting efforts were paying off.profitability has seen a better-than-expected improvement as it drives cost savings thanks to a “resilient” customer base.Expects underlying earnings to be in the range of £37.5 million to £45 million for the full year, up from the £30 million to £40 million guided for last month.AO World slumped to a £12 million loss in its first half, with shares hammered last year following a series of profit warnings as the cost crisis hit consumer spending on white goods, and due to labour shortages and supply chain disruptionThe company started its turnaround plan with a £40 million fundraising round last summer in a bid to strengthen its balance sheet amid fears of a cash crunch.
AO has closed its loss-making German operation as part of the shake-up and has launched action to save at least £30 million a year by 2023-24 – including by recently axing senior and middle management jobs.
The firm has also ditched unprofitable products while introducing delivery charges and cutting cashback incentives to reduce the cost of sales.
Whirlpool UK is planning to introduce “a nominal delivery surcharge” for all small trade units going to independent electrical retailers.
We understand that this change applies to all Whirlpool Group products, including the Hotpoint and Indesit brands. At the end of last month,
retailers received a plan update letter from Whirlpool
The very first Siemens coffee brand shop now live in John Lewis Cambridge uk
2022, in a difficult general economic environment and after a record year in 2021, our sales were globally resilient. We are particularly pleased with our performance in China, where Supor for the first time exceeded the two-billion-euro turnover mark. However, our results were impacted by significant headwinds. In this context, the Group was once again able to demonstrate responsiveness and quickly implement effective action plans to adapt to market developments and protect its profitability.
At the same time, and beyond short-term imperatives, we have continued to invest in our strategic levers: product innovation, the international deployment of our champion products, the attractiveness of our brands, and the activation of all distribution channels. No truce either for our investments in our competitiveness – industrial, logistics, information systems -, which are all crucial for the future. I would like to salute and thank the unfailing commitment of all the teams, which has been essential in these achievements.
For the year 2023, visibility remains limited. Despite a first quarter that is anticipated to be down, the Group expects a gradual improvement in sales in its Consumer business, strong revenue growth in Professional sales, as well as an increase in its operating margin for the year as a whole.
We are confident in the continued development of the global market for Small Domestic Equipment and Professional Coffee, in which we continue to strengthen our presence with the recent acquisition of the La San Marco company. We remain convinced of the relevance of our economic model, which will allow us to take full advantage of strong structural demand, a source of growth opportunities for Groupe SEB.
Mediaworld announces that it achieved a turnover of 2.7 billion euros (+2.4% compared to the previous year), one of the highest in the thirty-year history of the company and the best of the last ten years . Ebit stood at 26.6 million euros, up by 3.2 million (+13.7%) compared to the 2019 fiscal year (last pre-pandemic). The brand’s 2022 financial year is part of a macroeconomic framework strongly conditioned by various economic factors that have had an impact on the business: from the intensity of the war in Ukraine to the increase in the inflation rate (+8.9% on annual basis in September 2022) following the increase in the cost of energy. Furthermore, the consumer electronics market also recorded a slight contraction (-1.9% in September 2022).
Among the key factors that affected the positive performance of sales, an official note reads, the implementation of a substantial investment plan aimed at upgrading the technological infrastructures and strengthening the stores, with new openings, contributed significantly and renovations of the shops already present in the area. In particular, in 2022 MediaWorld allocated 40.2 million euros to investments, 140% more than the previous year; of these 28.5 million euros were invested for the complete renovation of 22 points of sale, the opening of 3 new stores and the second Tech Village in Rome. Approximately €11.7 million has been earmarked for IT infrastructure improvements including the implementation of the new website launched in July 2022,
Gaggenau opened the first of its new concept flagships in Brussels and Amsterdam in 2022, followed by the Shanghai flagship, and now plans to expand further, with additional locations
in the United States and Canada are scheduled for summer 2023 with Vancouver and Toronto, followed by Washington DC and Houston later in the year and Sydney in 2024
WHITEGOODSNOW 