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.
Miele Ireland
Category Archives: Retail suppliers
Veravent becomes the new official Asko distributor in Spain
Asko announces a new collaboration agreement with Veravent, which will become the official distributor of the brand in Spain. This agreement represents a firm step in Asko’s commitment to establishing a robust and expansive business, capable of reaching each of its clients in the Spanish market in a personalized way.announces a new collaboration agreement with Veravent, which will become the official distributor of the brand in Spain. This agreement represents a firm step in Asko’s commitment to establishing a robust and expansive business, capable of reaching each of its clients in the Spanish market in a personalized way.
Currys is set to sell its Greek and Cypriot business for
Currys is set to sell its Greek and Cypriot business for £175m as it looks to focus on its largest markets including the UK and Ireland.
The disposal follows a strategic review of the business back in June and is designed to simplify the group.
Alongside the UK & Ireland, the electricals retailer will also focus on its Nordic arm.
The sale is expected to be made in the first quarter of 2024
Dyson opened the largest store in Berlin
Dyson’s largest store in the world is now open in Berlin. It was a tremendous effort from all teams involved. Dyson Demo Stores serve as a showcase of Dyson’s latest technology where customers can learn about our machines from highly trained Experts or get hands on with our innovative Demo experiences.
Unieuro invests 60 million to enter the after-sales business
In the “most important acquisition in its history”, the brand acquires 100% of Covercare, a specialist in the repair, refurbishment and installation The price is ’round’: at least 60 million (4.5 immediately, the rest at the closing scheduled for April) plus the cash that will be present in the company plus an earn-out in 2026 with a ceiling of 10 million. But Unieuro felt it had to really go ‘Beyond’ simple retail and enter the refurbished business. It did so by purchasing 100% of Covercare (58 million turnover in 2022), leader in the domestic market of warranty extensions for the repair of mobile phones, portable devices and household appliances, and also active in the installation of air conditioners, boilers and in maintenance
Marks Electric Group
Marks Electric Group, an online electrical retailer headquartered in Leicester, has issued a report for the six months ending on September 30, 2023.
In the first half of the company’s financial year, revenue surged by 24.8% to reach £53.9m, up from £43.1m in HY22 as the firm processed over 7,000 installation orders in the first half, a substantial 180% increase from the previous year, and delivered more than 11,000 freestanding connection services, marking a 120% rise from the prior year
Currys hit by revolt over executive pay
Currys has become the latest company to be hit with a shareholder rebellion over executive pay.At their annual meeting, more than 21 per cent of voters rejected the electronics retailer’s pay scheme for 2022 – which handed chief executive Alex Baldock £2.2 million. Around £1.2 million of this was in the form of bonuses.
Currys said it would speak to shareholders to find out why they objected to the scheme.
Currys backs guidance despite sales dip
Currys has posted a dip in sales for the 17 weeks ended August 26, but backed its profit guidance for the year.
The electricals retailer saw group like-for-like sales fall 4% during the period, with UK & Ireland sales down 2%.
Electrolux Group launches refurbished product subscription service for Swedish consumers
With the launch of AtEase (Electrolux Group’s new product subscription-based service for Sweden), consumers can make more sustainable choices. This innovation is part of Group’s ambition to reduce electronic waste and contribute to the circular economy, with Swedish consumers having the option to subscribe to a new product or a refurbished one. AtEase is an all-inclusive service that covers everything needed to keep the appliance running smoothly, including proactive maintenance, automatic shipments of accessories, and support (the appliance is replaced within three days if a fault occurs during the subscription). Crucially, every product returned to Electrolux Group is refurbished for reuse or gives life to new appliances by donating its parts. “If the product is too damaged or worn to be refurbished, we can reuse parts such as circuit boards, rubber bumpers, or casings to extend the life of other products. In fact, 75% of the parts we use in the refurbishment of a robot vacuum cleaner have been harvested from an end-of-life product”, says James Ostridge, Product as a Service Director. The products currently offered through AtEase include the Pure i9 robotic vacuum cleaner, Well A7 air purifier and Pure A9 air purifier. Further floor and air care products will be introduced later this year, and more products, including kitchen and garment care, will be added to the service over time. The launch of AtEase is a natural step following a successful pilot launched in 2019 to offer Swedish consumers the Pure i9 on a subscription pay-per-use basis. AtEase will also be introduced to further markets beyond Sweden in the coming years.
Mediamarkt grows +7.4% in the first 9 months
Ceconomy , the financial company that controls the Mediamarkt Saturn brand, has published the data relating to its third quarter (April-June) in which it sold 4.52 billion in its 1,026 stores with 43,000 collaborators and 2.5 million square meters of surface area of sale.
The weakness of the German and Eastern European markets meant that the figure was 2.8% lower than that of the third quarter of 2022 but considering the first 9 months of the year, the increase is 2.2%, which becomes 7.4% on a like-for-like basis and at hedged exchange rates.Great satisfaction comes from online sales which have increased by 41% in one year and now represent 21% of sales, reaching almost one billion euros in the quarter. In its Marketplace Mediamarkt offers, in addition to its assortment, the products of a thousand third-party companiesThe weak point of the group, which belongs to the same reference shareholders as Metro , is profitability. Gross margin has not changed at 17.6%, but net margin is 1%. An improvement comes from the cash flow which improved thanks to the reduction in inventory which was 3.38 billion at the end of June 2022 and 2.9 billion in the middle of this year, i.e. from 10.5 to 9.4 weeks of sales. Between now and 2026-27 Mediamarkt has undertaken to increase the share of private label products sold from 2.3 to 5%, to increase its already considerable online market share to 30% (currently 25%) and to bring from 24 to 50 million loyalty card holders.
Mediamrkt also expects growth in profits from the rental of branded space in its stores and from retail media, i.e. the sale to brands and third parties of space on its e-commerce platforms, which should go from the 5 million euro last year to 45 million
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