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 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.
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.
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 £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’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.
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, 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 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 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%.
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