Marks Electrical is online retailer selling household appliances including fridges, freezers, washing machines, TVs and dishwashers. It was established in 1987 and is known for its competitive prices. Retail Week provides news, analysis, features and opinion about Marks Electrical and the electricals sector.
Marks Electrical has increased its profit expectations for the year and announced that Philip Luke De Villanueva will be joining the business in December as its new chief financial officer.
As part of his “everyday fixes” announced this week, Andy Burnham revealed that the government would be cracking down on misleading discounts, with a consultation launched to look at whether fake “was” prices, invented discounts, and misleading recommended retail prices (RRPs) should be added to the list of banned practices under the DMCCA consumer protection law.
Marks Electrical chief financial officer has stepped down after less than a year with the business.
Marks Electrical has posted its full-year trading results, showing an improved second half of the year with improved losses. However, revenues were down.
The competition regulator has imposed a fine on specialist retailer Marks Electricals for breaching consumer law.
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