All Electricals articles – Page 121
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OpinionYouth of today will still want stores tomorrow
Understanding how customers behave today is vital for retailers
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NewsRetail climbs but fails to match the market
Food and general retailers alike climbed over the week but failed to match the rise clocked up by the market overall.
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News
Boulanger receives approval for acquisition
Consumer electronics retailer Boulanger has received the approval of the competition authorities for its acquisition of Metro Group’s Saturn stores in France. The purchase price of the transaction has not been made public. In order to get the approval of the competition authorities, HTM Group, the owner of Boulanger, has ...
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NewsBrightHouse to launch transactional website
Rent-to-buy electricals and furniture retailer BrightHouse is to launch a transactional website to better serve its increasingly tech-savvy customers.
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NewsKnight Vinke: no objection to sale of Comet
Activist investor Knight Vinke has said it has no objection to Kesa selling its UK electrical chain Comet.
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NewsKnight Vinke urges Comet demerger rather than sale
Knight Vinke, the activist investors with a 20% stake in Kesa, has urged the electricals group not to sell UK chain Comet.
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NewsBrightHouse EBITDA jumps despite economic gloom
Rent to buy electricals and furniture retailer BrightHouse has defied the economic gloom by posting a 16.4% rise in underlying EBITDA to £39.7m in the year to March 31.
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AnalysisLining up an Olympic opportunity
With less than three months before opening, Rebecca Thomson visits Westfield Stratford as it prepares for the 2012 games to commence
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OpinionRetail’s week of woe could be just the start
In bad times, weak retailers fail. None of the names that have hit difficulty in the past week will have come as a surprise to anyone who follows the sector.
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OpinionGeneral retailers defy market and bad news
Retailers may have gone down like dominoes over the week but despite the slew of bad news publicly quoted general retailers were up versus the market generally.
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News
French competition authorities approve Saturn's 34 acquisitiion
The acquisition of Metro Group-controlled Saturn’s 34 Saturn consumer electronics stores in France has been approved by the French competition authorities with conditions. The chain is to be sold to HTM Group, the operator of the Boulanger banner, and is due to take effect today.HTM will take over existing staff, ...
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NewsHMV chiefs outline new vision after awful year
HMV chiefs have reaffirmed their faith in the retailer after a terrible year, and set an operating margin target of between 3% and 4%.
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NewsJohn Lewis weekly sales rise almost 8%
Department store chain John Lewis enjoyed its best trading of the half-year so far last week, when sales rose 8.6% to £57m.
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NewsInvestors should drop idea of UK Retail plc, says analyst
Investors should abandon the idea of ‘UK Retail plc’, a label which has outlived its usefulness, Peel Hunt analyst John Stevenson has argued.
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NewsVast contrast typifies results across retail
Food and general retailers alike lagged a flattish market as updates and sector data showed sharply divergent performances from store groups.
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News
Best Buy records a 1.7% fall in sales
Electricals giant Best Buy recorded a 1.7% fall in like-for-like sales during its first quarter ended May 28. Total sales grew by 1.4% to $10.9bn (£6.74bn ), but fell 0.8% in the US domestic market to $7.86bn (£4.86bn).Internationally the picture was better, with sales up 7.6% to $3.08bn (£1.9bn), or ...
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NewsSolid year for Dixons, but balance sheet takes a hit
Dixons has announced a 6% fall in underlying profits for the year to 30 April, and warned of a “challenging” economic backdrop.
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