All Electricals articles – Page 104
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NewsMaplin managing director Dave Whittle exits
Maplin managing director Dave Whittle has exited the retailer after 15 years at the chain.
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NewsCarphone could take control of European venture after Best Buy bid
Speculation is mounting that Carphone Warehouse will take control of its joint venture with Best Buy after billionaire Richard Schulze made a $8.84bn offer for the latter earlier this week.
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NewsBest Buy founder aims to buy back retailer in £5.8bn deal
Best Buy founder Richard Schulze is vying to buy the electronics giant in a $9bn (£5.8bn) deal.
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NewsJuly retail sales edge up 0.1%
Like-for-like retail sales were flat in July when the start of extended opening hours for the Olympics combined with the warm weather at the end of the month helped food retailers, the British Retail Consortium–KPMG Retail Sales Monitor.
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NewsWest End retailers launch emergency campaign to lure back shoppers during Olympics
Retailers in London’s West End are preparing an emergency “six-figure” advertising campaign to try to lure shoppers back during the Olympics.
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News
Apple posts net sales growth
Apple posted net sales of $35bn (£22.29bn) for its third quarter ended June 30, up from $28.6bn (£18.21bn) in 2011.Net profit rose from $7.3bn (£4.64bn) last year to $8.8bn (£5.6bn).International sales accounted for 62% of the quarter’s revenue. Apple sold 26 million iPhones, representing 28% unit growth, while 17 million ...
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AnalysisRetail Week on the Road: Northwest
We visit Stockport, Northwich, Manchester and Liverpool.
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NewsMaplin to offer free wi-fi in stores as multichannel review kicks off
Maplin has revealed it is to offer free wi-fi in store as the retailer reviews its multichannel business.
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Fnac reports sales decrease
Fnac, PPR’s books, music and electronics business, reported sales were down 1.1% for the first six months of this year to E1.77bn (£1.38bn). Like-for-like sales fell 1% and the retailer recorded an operating loss of E7.5m (£5.8m) compared with an operating profit of E6.7m (£5.2m) for the same period last ...
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News
Media-Saturn acquires electronics etailer 003.ru
Germany-based Media-Saturn, part of the Metro Group, has acquired Russian electronics etailer 003.ru from founder Vladislav Oulendeev, subject to approval by anti-trust authorities.Media-Saturn chief executive Horst Norberg said: “Our objective is to position our new subsidiary in Russia as an inexpensive online retailer, similar to Redcoon in Western Europe.”
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NewsCarphone Warehouse posts like-for-like sales fall
Carphone Warehouse posted a better-than-expected like-for-like sales fall of 2% in Europe in the first quarter to June 30.
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NewsOlympics merchandise helps drive John Lewis sales
Sales at John Lewis department stores surged 11.2% to £63.84m last week as shoppers snapped up Olympics merchandise.
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OpinionComment: Olympics should provide welcome boost to sentiment
As the Olympic Games get under way, perhaps the best that retailers should hope for from the sports spectacular is a boost to shopper sentiment.
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News
Fall in turnover for CDC
Electronics store and warehouse club operator CDC’s turnover for the second quarter ended June 30 fell 55% to E75m (£58m).The retailer’s primary trading margin was down 57% to E7.6m (£5.9m). CDC attributed the plunge to its ongoing financial burden and the negative outlook for the market.
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OpinionComment: Time for retailers to get a mobile strategy
Mobile is redefining how consumers shop and engage with a brand, and many of us are now shopping on the go.
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NewsComet heads back into black under new owners
Comet is on track to return to the black this year and is changing gear to focus on top-line growth.
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NewsComet: Asserting itself in electricals market
The electricals retailer is emphasising its value proposition to reassert itself in the market.
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NewsJubilee fails to boost retail sales in June
UK retail sales volumes increased by just 0.1% last month compared to May, as the Diamond Jubilee failed to give retailers a significant boost in June.
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Yamada Denki to increase stake in domestic rival
Electronics retailer Yamada Denki plans to increase its stake in domestic rival Best Denki to more than 50%, up from 7.5% at present.Yamada Denki will invest ¥10bn (£81m), in an attempt to cement its leading position in the Japanese electronics market.Best Denki will remain a publicly listed company and retain ...
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NewsJessops board shocked by chief executive’s exit
Jessops chief executive Trevor Moore shocked the board with his resignation after he was headhunted for a new role.