Sirius Buying Group has announced that Electrolux Group, including its premium appliance brand AEG, has become its latest Approved Supplier
Category Archives: Retail suppliers
Currys reports 3% peak like-for-like revenue decline
British electrical retailer Currys has reported a 3% decline in like-for-like revenue for the ten weeks ending 6 January 2024.
In the UK & Ireland, Currys’ peak LFL revenue fell by 3% year-on-year .The company said it managed to deliver strong profits through stable gross margin and continued cost savings.
Unieuro recovers profitability
Unieuro closes its third quarter of 2023 demonstrating that it is able to recover profitability even in the face of an uninspiring sales trend. The adjusted Ebit for the autumn was 11 million with an annual growth of 31.5% showing, as a company note, “a significant acceleration compared to previous quarters, thanks to the careful margin management policy and the significant cost rationalization plan aimed at preserving profitability”.
Sales in the third quarter were in fact down 11% compared to the same period of the previous year. The week of Black Friday and the weeks preceding it were down, resulting in a November, they did not “restore the current year trend of the consumer technology market”.
In the first 9 months, revenues and profits slightly decreased
In the first nine months of the 2023/2024 financial year, Unieuro achieved revenues of 1.9 billion euros, with a decrease of 6% compared to the previous financial year (2 billion). In the third quarter of 2023/24 revenues were 727 million, down 7.8% compared to 788.5 million in the previous year
Unieuro S.p.A. is the largest Italian retailer of consumer electronics and household appliances by number of outlets, with a network of 460 stores throughout Italy
Producers could have to pay for e-waste recycling from 2026
A move set to transform the handling of electronic waste, the UK government, through the Department for Environment, Food, and Rural Affairs (Defra), has released an ambitious consultation document proposing significant reforms to the country’s producer responsibility system for waste electrical and electronic equipment (WEEE).
Central to the proposed changes is an enhanced focus on increasing collections of household WEEE. Under the new system, Local Authorities will play a pivotal role, ensuring the separate collection of a wide array of household electronics – from large domestic appliances and solar panels to TVs and computer monitors. This initiative marks a significant step towards more efficient recycling and disposal of electronic waste.The consultation proposes to extend regulatory obligations to online marketplaces and fulfilment houses, a sector previously unregulated in this context. This change aims to bridge the responsibility gap, particularly for overseas sellers, ensuring comprehensive compliance with the WEEE Regulations across all sales platforms.
The proposed overhaul will see the establishment of a WEEE Scheme Administrator, a sector-led organisation tasked with overseeing the strategic and operational elements of the WEEE systemThe most striking feature of the proposed changes is the introduction of a UK-wide household waste collection system for small and bulky items, financed mainly by the equipment’s importers and manufacturers. This system would obligate sellers to take away old appliances at no extra charge under certain conditions, significantly easing the recycling process for consumers.
The government proposes that producers and distributors without take-back services should finance bulky waste collection services for large WEEE items, typically provided by Local Authorities. This initiative aims to ensure that the disposal of large electronic items does not burden consumers financially.These proposals, if implemented, are expected to significantly increase the efficiency and effectiveness of WEEE collection, treatment, and recycling in the UK, marking a significant leap towards a more sustainable and circular economy. Any changes will take effect from 1 January 2026.
Fisher & Paykel London
Luxury New Zealand brand Fisher & Paykel Appliances is preparing to open its London Experience Centre in early 2024. Chief operating officer for Fisher & Paykel UK, Ireland & Europe Stephen Rickersey commented: “Often referred to as the design capital of the world, London will very shortly be home to the first Fisher & Paykel Experience Centre in Europe.”
Big changes in the management team of Euronics Deutschland
Jochen Mauch, board member for marketing, sales and digitalization , has resigned from his position and will be removed from the board of the group as of December 31, 2023. He is leaving the company together with Michael Rook, previously responsible for purchasing, strategy and expansion , who left the board on November 17, 2023, but continued to be part of the Ditzinger management team. The reason for the supervisory board’s decision were different opinions within the board about the company’s future strategic direction. Both board members are leaving the company by mutual agreement.
Currys interim results
Currys PLC have announced Interim Results for the Half Year Ended 28 October 2023, with group adjusted EBIT up 7% year-on-year.
Group CEO, Alex Baldock: “Our priorities this year are simple: to get the Nordics back on track, to keep up the UK&I’s encouraging momentum, while strengthening our balance sheet and liquidity. We’re making good progress on all these in a still challenging economic environment
Haier open shop in Turkey
The opening of the new Haier shop-in-shop at the Mediamarkt Tech Arena concept store in Istanbul! This shop-in-shop offers a unique approach to showcase Haier’s technological leadership, sophisticated design, and premium experiences.
With plans to open a Haier flagship store in the future, Haier look forward to bringing modern design, tailor-made, and highly customizable smart home technologies in Turkey over the next year
AO profit
AO World swung to profit in its half-year results as it removed unprofitable sales and introduced charges on all deliveries.
The electricals retailer made a £13m pre-tax profit, compared to a £12m loss last year as it upgraded its profit guidance from £28m to between £28 to £33m for the year.
Adjusted EBITDA rose from £9m last year to £27m for the six months ended 30th September 2023.
Sales fell 12% to £482m as a result of it stripping out unprofitable sales, however it expects to return to revenue growth by the end of the year.
The retailer’s gross margin improved to 23.5% compared to 19.5% last year.
Miele Ireland
A New Chapter for Miele Ireland:
These are indeed exciting times for Miele Ireland as they embark on this new chapter with the newly open Liffey Valley experience centre.
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