The very first Siemens coffee brand shop now live in John Lewis Cambridge uk
Siemens coffee shop in John Lewis
Category Archives: Retail suppliers
STATEMENT BY STANISLAS DE GRAMONT, CHIEF EXECUTIVE OFFICER OF GROUPE SEB:
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: turnover of 2.7 billion euros in fiscal year 2022 (+2.4%)
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 open new stores
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
Gaggenau Paris
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.
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.
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