All Currys articles
Currys is a British electronics specialist. It was announced in July 2021 that all Currys PC World stores would be rebranded to Currys. The retailer has been honing its online experience through the launch of credit accounts and AR-ready and transactional apps, and increasing its online SKU range. However, its stores have not been forgotten as its three-in-one portfolio has been overhauled to make them more interactive, through the use of play tables, experience zones and Gaming Battlegrounds, for instance, while there is increased space for connected devices and services from Team Knowhow.
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Analysis
Where does the collapse of bid interest leave Currys?
Currys today banished any disappointment at the collapse of bid interest by raising profit forecasts for the second time this year. As talk of a potential sale cools, what next for the electricals giant?
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News
Currys ups profit guidance after potential bidders walk away
Currys has upped its full-year profit guidance after it confirmed reports that both JD.com and Elliott Advisors had walked away from making potential bids to buy the retailer.
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News
JD.com walks away from Currys takeover bid
Chinese ecommerce retailer JD.com has abandoned its plans to put in a formal bid to takeover Currys.
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Opinion
‘Recent retail volatility has created M&A bargains’
The stock market’s lacklustre interest in retail is beginning to reflect in bid activity from investors attracted by some extremely low valuations, observes Matt Truman
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News
Elliott Advisors abandons Currys takeover plans
US investment firm Elliott Advisors has confirmed it is abandoning takeover plans for electricals retailer Currys.
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News
Currys completes sale of its Greek business Kotsovolos
Currys has completed the sale of its Greek business Kotsovolos after first entering a deal with Greek electricity supplier Public Power Corporation (PPC) in November last year.
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News
Currys launches new Fortnite game to help zap electronic waste
Currys has launched its first-ever game created in Fortnite to inspire Gen Z users to limit their electronic waste.
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Analysis
Data: Aldi tops ranking of most productive retailers
Aldi leads the top 30 most productive multichannel retailers with a product offer that appeals to cash-strapped consumers and its focus on efficiency, a Retail Week report launched today reveals.
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News
Sector left ‘bitterly disappointed’ as calls for reform once again fall on deaf ears
Currys boss Alex Baldock has slammed today’s Budget as “bitterly disappointing”, as the retail sector’s ongoing calls for reform on issues like business rates fell on deaf ears.
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News
Currys invests a further £13m in staff pay
Currys is investing a further £13m in colleague pay, which will see all hourly paid staff receiving a higher hourly rate and bonuses.
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News
Currys rejects second takeover proposal from Elliott Advisors
Currys has rejected a second takeover proposal from US investment firm Elliott Advisors because its increased offer still undervalues the company.
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Opinion
‘Currys shareholders should hold out for a valuation that reflects long-term prospects’
For pretty much as long as China’s economic star has been in the ascendant, there has been speculation that one of its new generation of digital retail powerhouses might move to swoop on a venerable UK name.
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News
Largest Currys shareholder warns of ‘problem’ in UK equity market
Currys’ largest shareholder Redwheel has supported the board’s decision to reject an initial offer from Elliott Advisors and said the offer “highlighted a wider problem with the UK equity market”.
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News
Mike Ashley could play kingmaker in Currys deal
Retail tycoon Mike Ashley could be set to play a pivotal role in the Currys bidding war after buying up shares last year.
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Analysis
As JD.com and Elliott eye a potential takeover, what does the future hold for Currys?
The starting gun has well and truly been fired in the race for a takeover of UK electricals retailer Currys, with reports emerging that US investment firm Elliott and Chinese ecommerce giant JD.com are both mulling bids
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News
Currys rejects ‘significantly undervalued’ takeover proposal
Currys has rejected a takeover proposal by US investment firm and owner of Waterstones Elliott Advisors as it “significantly undervalued” the company.
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Analysis
The rise of retail media networks: why the digital ad revolution is taking off
With The Co-op announcing the launch of the UK’s first retail media network in the convenience sector, Retail Week assesses whether the advertising platform is a viable option for all retailers to explore.
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News
Currys boss blasts ‘inflationary’ government proposals
Currys chief executive Alex Baldock has lashed out at government “meddling” heaping unnecessary pressure on the retail sector.
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News
Currys upgrades profit guidance despite sales slip
Currys expects full-year profits to exceed consensus expectations following a “successful peak trading period”.
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Opinion
Predictions: who will be retail’s winners and losers in 2024?
Who will fly and who will flop in 2024? Retail experts give their tips for the year ahead