Gaggenau is proud to announce the newly opened Flagship in Paris, France. In the iconic Saint Germain quarter Gaggenau brings the French influence to life with materials and textures inspired by the local culture and regional context.
The Flagship includes private tasting areas, wine bars and an area dedicated to the respected Gaggenau initiative, which gives the brand the opportunity to celebrate artisans and producers in the fields of culinary expertise.
Category Archives: Retail suppliers
Mehdi Dahmani, new COO of Fnac-Darty group
Mehdi Dahmani , 55, will take care of the commercial animation of Fnac stores in France from February 20, directly or as a franchise. He will work in collaboration with the Fnac regional sales directors.
A graduate of KEDGE Business School , Mehdi Dahmani rose through the ranks, becoming store manager Darty , then sector manager Leroy Merlin . In the early 2000s, he took care of the French development of PC World for the Dixons Retail UK group , before becoming the European director of logistics upgrading.
Mehdi Dahmani joined the PPR Group (formerly Kering) in 2007, first as Operations Director of the Surcouf site , then Director of Home Services at Fnac . He continued his rise by becoming director of quality and operations at Fnac in 2012, then director of after-sales and second-life operations. He was director of after-sales and omnichannel logistics operations for the Fnac brand since 2017.
During his career at Fnac and Fnac-Darty, Mehdi Dahmani mainly operated the digital transformation of logistics operations and modernized the after-sales service
Sirius appoints Marion Morton as Head of Commercial
Sirius Buying Group is pleased to announce the expansion of its retail support and services through the appointment of industry expert, Marion Morton as Head of Commercial: 1st February 2023.Ms Morton will be engaging with members and suppliers on all aspects of group business planning, building on both current and new initiatives. She will be responsible for overseeing and supporting the commercial strategies within the Group,
EuroChef USA To Be Exclusive US Importer Of Lofra
Lofra Italy has announced its partnership with EuroChef USA as the exclusive US importer of the brand’s kitchen appliances. Lofra has been manufacturing high-quality Italian home appliances since 1956. Designed and manufactured in the hills around the city of Padua, each Lofra appliance is carefully designed and built with the high-quality standards of a “Made in Italy” brand.
Currys launches nationwide ‘Quiet Hour’
Currys has launched a ‘Quiet Hour’ in stores across the UK in a bid to create a more inclusive shopping experience for neurodiverse customers.
For the first hour of the day until 11am, the electrical retailer will reduce noise in-store, keeping lights low and making sure there are no flashing screens to ensure a calmer place to shop.
Fnac Darty
The group has unveiled its first estimates for the year 2022 and forecasts a slight decline in sales, of 1.2% compared to the previous year. In a context where purchasing power is fully affected by inflation, Fnac Darty relies more than ever on its Everyday strategic plan.
Fnac Darty forecasts 2022 sales down 1.2%, while maintaining its gross margin
January 20, 2023, by Sandra Nicoletti
The group has unveiled its first estimates for the year 2022 and forecasts a slight decline in sales, of 1.2% compared to the previous year. In a context where purchasing power is fully affected by inflation, Fnac Darty relies more than ever on its Everyday strategic plan.
Fnac Darty forecasts 2022 sales down 1.2%, while maintaining its gross margin
While the economic context has a direct impact on distribution, the Fnac Darty group is showing resilience and forecasts revenue of around 7,945 million euros for 2022, down 1.2% compared to the year previous. A drop in sales which results from a bad month of December (-55 million euros), but which does not affect the gross margin rate. This should indeed reach 30.2% in 2022, up +80 basis points in one year, supported by a positive product/service mix. “The estimated performance for 2022 demonstrates that the Fnac Darty group has demonstrated good resilience thanks to the commitment of its teams, despite a particularly difficult context for the distribution sector. The group has demonstrated its ability to adapt and has been able to develop its offer to deal with supply difficulties and control its costs in order to minimize the effects of inflation. Compared to 2019, our estimated revenue remains up sharply by +7% and our gross margin rate remains solid. This demonstrates the acuity of our strategic project which, by focusing strongly on customer experience and services, allows us to continue to create value and grow,” says Enrique Martinez.
The group remains mobilized in the execution of the Everyday plan
While current operating income is estimated at around €230 million, free operating cash flow is slightly negative, around -€30 million. A result below the forecasts announced in February 2021, when the Everyday strategic plan was launched. In this context, the Group considers it “unlikely” to achieve its cumulative free operating cash flow target of around €500 million over the 2021-2023 period and is therefore extending this target for 2021-2024. Finally, “the Group remains fully mobilized to pursue the execution of its strategic plan and continue to generate cash in order to ensure its development and a regular return to shareholders in accordance with what was announced during the Everyday strategic plan. This is why Fnac Darty is maintaining its ambition to generate free operating cash flow of at least 240 million euros on an annual basis from 2025,” reads the official press release.
Marks electrical financial
Marks electrical Issued a trading update on financial and operational performance and announce revenue growth of 33.4% between October and December 2022 despite a very challenging market. Although their robust performance was driven across all major product lines, sales of A-rated energy efficient laundry appliances were especially strong.
In addition to marks electrical market-leading customer service and free next day delivery, we also saw continued adoption of our in-house installation service with over 3,000 installations now completed since launch in August 2022.
founder and CEO, Mark Smithson, commented:
“I am proud of the entire team at Marks Electrical for delivering a record quarterly performance, with year-on-year growth of 33.4% against a tough economic back-drop. This further demonstrates the resilience of our business model and the attractiveness of our market-leading customer offering, which more people are discovering up and down the country.
To continue our focus on growing brand awareness, we further invested in highly targeted television, radio and out-of-home campaigns over the Black Friday and Christmas sales peaks. This led to increased website traffic and broad-based revenue growth across the UK, but with particularly strong improvements year-on-year in London, South East England and the East Midlands.”
AO raises profit outlook despite 17.2% drop in UK sales
AO has increased profit expectations, despite a 17.2% decline in sales at its core UK business in the third quarter.
The electricals retailer said this was in line with management expectations.
Unieuro fine
The Italian Antitrust Authority has fined the company Unieuro Spa and for 1.2 million euro the subsidiary Monclick Srl for ‘unfair commercial practices’. This is what we read in the Agcm bulletin. The story begins in December 2021, when the Authority ‘ascertained two unfair commercial practices’ relating to ‘information on the characteristics of the offers as well as’ the online sales process; in the adoption of illegal methods of managing the phase following the online purchase, in relation to the delivery of the products, the tracking of shipments, the
The two companies, explains the Authority in a detailed summary of the affair, “have reiterated conduct already considered illegal by the Authority”. In particular, ‘Monclick has continued to provide misleading information on the availability of products on its website’ and ‘failing to inform consumers about the fact of operating in dropshipping, without having the material availability of the goods marketed,
Founded in the late ‘30s by Vittorio Silvestrini, Unieuro S.p.A. is currently the largest omnichannel distributor of consumer electronics and household appliances by number of outlets in Italy.
With a network of over 500 stores throughout Italy, including direct stores (approx 230) and affiliates (approx 270), in addition to its digital platform unieuro.it, Unieuro is one of the key players in the Italian market, with an ambition to become the leader in Italy for all consumer electronics and electrical appliance purchases.
Hoover Candy CHI award
Hoover Candy, a leading appliance manufacturer and a part of Haier Europe, have won the CIH White Goods Supplier of the Year award. The announcement was made at the buying group’s annual event , Combined Independent (Holdings) Ltd (CIH) is an electrical buying group and part of Euronics, Europe’s largest electrical buying group.
WHITEGOODSNOW 