Articles tagged electricals

Retail News - John Lewis sales up 6.6% as spring finally arrives

The recent good weather helped to buoy sales at John Lewis to a 6.6 per cent year-on-year upturn, according to its weekly trading update.

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Retail News - Maplin put for sale with up to £200m price tag

Maplin has been put up for sale by owners Montagu Private Equity in a deal which could see the electronics retailer fetch up to £200 million.

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Retail News - Up and away: rush for AO.com shares as retailer makes its market debut

Investors scrambled to grab a piece of the action as Ao.com owner AO World saw shares spike more than 40 per cent at its market debut this morning.

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Retail News - Landmark ruling for Game’s former landlords

The Court of Appeal today made a landmark ruling in the way retail administrations are dealt with, as it decided that retailers must now use a “pay as you stay” system after falling into administration.

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Retail News - Dixons and Carphone Warehouse enter merger discussions
Photo credit: Carphone Warehouse

Dixons Retail and Carphone Warehouse confirmed on Monday they are in talks over a possible merger deal. “The board of Dixons and Carphone Warehouse note the recent speculation and confirm that the two companies are in preliminary discussions regarding a possible merger of Dixons and Carphone Warehouse,” the companies said in a statement Monday.

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Retail News - Sony shifts more games consoles than its rivals
Photo credit: Sony

Sony has sold over 5.3 million PS4 units worldwide since it launched in November, the company has said. The company had previously estimated that 5 million units of its next-gen games console would be sold before the end of its financial year, which is in March. Sony has already surpassed that estimate, and with the PS4’s upcoming launch in Sony’s native Japan this Saturday, it would appear that the sky is the limit for the technology firm.

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Retail News - Dixons hits back at AO after share price fall
Photo credit: ao.com

Electrical giant Dixons has hit out at AO.com by claiming its prices are lower and that its internet sales will overtake its online-only rival in two years. The scathing attack comes after AO announced that it will float on the London Stock Exchange in March and start selling electrical goods such as TVs, tablet computers and laptops.

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Retail News - Apple buys back $14bn worth of shares following a disappointing Q1
Photo credit: Apple

An Apple company spokesman has confirmed that the tech-giant has repurchased USD 14 billion of its stock since it reported disappointing Q1 results. Apple bought USD 12 billion of shares via an accelerated share repurchase program (ASR) and USD 2 billion of shares from the open market, the spokesman said.

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Retail News - Fighting talk from AO.com as it aims for £1bn IPO

Online electricals retailer AO.com is said to be aiming for a £1 billion valuation when it makes its market debut on the London Stock Exchange later this year.

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Retail News - Bob Geldof slams Bitcoins

Sir Bob Geldof has dismissed Bitcoin as a form of currency, stating that the global digital currency “simply won’t work”.

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