All Electricals articles – Page 105
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News
Richard Schulze in bid to purchase Best Buy
Best Buy founder Richard Schulze is vying to buy the electronics giant in a $9bn (£5.8bn) deal.Schulze, who was ousted as chairman in June, already owns 20% of the retailer and is looking to team up with private equity firms to buy the remainder.Schulze’s financial adviser Credit Suisse said it ...
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NewsRetailers rise from the ashes of last year’s riots
One year on from the riots retailers remain engaged with local communities.
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AnalysisRetail Week on the Road: Midlands
We visit Birmingham, Wolverhampton, West Bromwich, Nottingham and Leicester.
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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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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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News
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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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.