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.”
Category Archives: Retail suppliers
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.
Currys Half Year Results 2022/23
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.
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:
WHITEGOODSNOW 