Currys slashes profit outlook as ‘hard-pressed’ customers cut back
Shares in the technology retailer were down more than 7% on Thursday after it said it has had a tough time over the past six months. fall in sales within its UK and Ireland division, on the other hand, was offset by cost-cutting and higher gross marginsCurrys said it now expected full year profit before tax to be between £100m-£125m – down from the previously guided £130m-£150m range.
Category Archives: Retail suppliers
Currys busy website
Currys was the fourth busiest website in the UK over Black Friday, with 8 million customers online. Currys has also appointed former Dyson exec Pamela Puncher as its new head of delivery.
Puncher spent four years at Dyson, holding roles such as director of programmes and project management, and owner experience programme manager, global IT.
DeManincor range live display now in uk
DeManincor first UK Showroom Dealer, Handmade Kitchen Co now has a live display of DeManincor domestic cooking ranges for their clients.
DeManincor professional ranges are used by chefs with over 60 combined Michelin-stars. The quality and exclusivity of our professional kitchens carry through to our truly bespoke, handmade, one-of-a-kind domestic cooking ranges.
Handmade Kitchen Co is located just minutes from the M11 and Stansted Airport, where you can experience our fully functioning range.
Visits are by appointment only.
Currys boss& Amazon
Currys’ chief executive has said Amazon is getting a “free ride” from UK retailers by using the country’s infrastructure while swerving taxes.
Alex Baldock, the boss of the high street electronics retailer told the BBC’s Sunday with Laura Kuenssberg show Amazon “appear[s] to play by different rules than those of us who actually pay some tax”.
The online giant has been accused of reducing its UK tax bills by sticking to a primarily digital footprint although it does pay tax on distribution warehouses.
Amazon’s UK tax bill could rise by £29m next year following the changes to business rates introduced in the autumn statement that will hit those that operate warehouses.
Miele Bluewater Christmas
Wednesday 9th November Miele London launched their exclusive Christmas activation at our Experience Centre in Bluewater.
Miele wanted to activate a show-stopping window to encourage consumers to experience Miele. The Miele Kaleidoscope is a visual metaphor for bringing to life ‘extraordinary’ and the design evokes a sense of festivity. The concept of the Experience Centre is to really bring the Miele brand to life. It’s a destination of discovery, where consumers can truly experience how extraordinary products are for themselves.
Danish retailer open largest store
Electronics chain Power goes against the grain and opens this week (November 11) Denmark’s largest department store for white goods and electronics.Denmark’s largest department store for white goods and electronics.
The 5,000m2 warehouse is located in Ishøj near Copenhagen – and the CEO of Power, Jesper Boysen, is well aware at the opening that he has his own interpretation of consumers’ current reticence:
Marks electrical financial update
Marks electrical announced a half year update on their financial and operational performance. Sales were up 15.1% overall, despite a very challenging market. Strong performance was driven across all major product categories, notably A-rated energy efficient laundry appliances which grew at over 35% in the period reflecting more conscientious buying habits.
founder and CEO, Mark Smithson, said of the results:
“I’m proud of the performance we’ve delivered against a tough back-drop, with the Group’s sales up 15.1% in a very challenging market. This further demonstrates the resilience of our business model and is down to the hard work of everyone at the Company.
Our market-leading customer service and free next day delivery, combined with in-house installation expertise, provides a compelling and unique offering, that sets us apart from the competition.
We go into a busy period with growing momentum and confidence in our unique proposition.”
Smeg opens experience store in Singapore, first in Southeast Asia
Smeg, the instantly recognisable Italian appliances brand, has opened its flagship Singapore showroom at The Heart, Marina One. This marks Smeg’s first Southeast Asia experiential showroom, featuring an extensive collection of large and small appliances.
If you’re new to this Italian brand, it’s not just a brand; it’s an aesthetic, jazzing up kitchens with their retro and colourful appliances such as fridges, kettles, toasters, mixers, ovens and even laundry machines. According to a staff member I spoke to at the showroom, the small appliances are some of the most popular choices, especially when it comes to their official e-stores on Lazada and Shopee.Later this year, Smeg will be debuting its newest range, Galileo, a new generation of combination ovens which are a thermo-fluid dynamic redesign of the heating system with professional algorithms that aim to revolutionise the home cooking experience.
For now, our favourite 11.11 sale is coming right up, and a more cost-effective way to make your kitchen look even nicer is through these small appliances!
Currys new live customer care service
Currys plc, the well-known electrical retailer in the UK, is using Emplifi Live Advisor to deliver live customer care on demand. Through Emplifi’s leading Live Advisor solution, which came through the acquisition of Go Instore in September 2021, Currys customers can connect to product experts not only for live demos and consultations, but also for post-purchase care.As the UK’s largest tech retailer, their mission is to help customers enjoy amazing technology. This means not only helping our customers choose shiny new kit, but also making sure they get the most out of it. We know that our customers find new tech exciting but also often confusing and need help when things don’t go to plan. Our new RepairLive service provides customers with expert advice to help them to identify the cause of a fault, undertake DIY fixes, as well as to assist with arranging a repair or return of their product,” said Gillian Geraghty, Ecommerce and Omnichannel Director. “By leveraging the LiveAdvisor technology for RepairLive, we’re able to provide our customers with access to fast, efficient support without them or their tech having to leave the house.”
Darty results
Good resilience in sales”, this is how Fnac Darty describes the group’s results for the 3rd quarter of 2022. Indeed, the drop is slight on a like-for-like basis, at -1.3%, and almost nil in actual data, at -0.3%. The turnover for this period is 1.849 billion euros, bringing the total over 9 months to 5.277 billion euros. Household appliances and online sales are normalizing but remain vectors of growth Operating in 13 countries, Fnac Darty is a European leader
in the retail of entertainment and leisure products, consumer electronics and domestic appliances.
WHITEGOODSNOW 