Articles about Electrical Retail

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Cash-strapped Comet sheds ANOTHER 735 staff

Penniless Comet handed P45s to 735 workers in a second round of cuts across the business today, administrator Deloitte has confirmed. The list of casualties includes 603 employees in the home delivery network, which operates 12 UK hubs and will continue with a skeletal staff, and 132 head office and support roles. The cull, the …
Paul Kunert, 19 Nov 2012

Apple fined $1.2m for flouting Italian warranty law

An Italian regulator has fined Apple €900,000 ($1.17m) for trying to sell a two-year extended warranty when customers were entitled to such a thing for free under Italian law. Apple offered a one-year warranty, with an option to extend that cover under an AppleCare Protection Plan, but Italian law says that all goods have to …
Bill Ray, 29 Dec 2011
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DSGi crosses fingers on new store format

Struggling retailer DSG International (DSGi) is hoping the overhaul of its computer and electrical barns will help turn its fortunes around after it was hit with an unfavourable tax ruling by HMRC. The company said today that its new store formats for Currys and PC World in the UK pulled in gross profits between 15 per cent and …
Kelly Fiveash, 03 Mar 2009
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Chinese police confirm Gome chairman quizzed over 'economic crimes'

Beijing police confirmed today that the founder and chairman of Gome Electrical Appliances Holdings is under investigation for alleged involvement in “economic crimes”. Wong Kwong-yu, who also goes by the name Huang Guangyu, was detained earlier this week. Reports suggested that the electrical appliance tycoon was being probed …
Kelly Fiveash, 27 Nov 2008
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DSGi denies Electro World 'up for sale' rumours

Electrical retail giant DSGi has denied a report that suggests the firm has put its unprofitable European store chain Electro World up for sale. According to the Sunday Times, DSGi, which owns PC World and Currys in the UK and has a number of well-known electrical store brands throughout Europe, is in the process of selling off …
Kelly Fiveash, 10 Nov 2008
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PC World, Currys staff to be dumped in DSGi rescue plan?

Hundreds of PC World and Currys staff could see the job axe swing on Thursday (15 May) when the stores’ owner DSG International (DSGi) announces its latest trading statement and strategy review. DSGi is understood to be closing 200 of its 700 stores as well as considering switching its outlets to a new superstore format, …
Kelly Fiveash, 12 May 2008
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DSGi sharpens axe for 50 staff

Struggling electrical retail giant DSGi has told around 50 employees working at its business unit that they could lose their jobs. The company informed staff based at three sites in Borehamwood, Bury and Surbiton that the axe is hovering over workers at the reseller due to "challenging market conditions". "DSGi Business is …
Kelly Fiveash, 28 Aug 2008
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Sales slide at PC World, Currys

DSG International (DSGi) shares fell nine per cent this morning following the retail giant’s second profit warning in under four months. The firm’s CEO John Browett issued a statement today in which he admitted that customer demand in the UK and Ireland has been “lower than expected, with a negative impact on margins”. He told …
Kelly Fiveash, 10 Apr 2008
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Best Buy 'framed' by pesky Windows virus

Big box retailer Best Buy has admitted that it sold digital picture frames over the festive period containing malicious software that targets Windows-based PCs. The US electrical retail giant said that a "limited number" of the LCD panels were "contaminated with a computer virus during the manufacturing process". It sold the 10 …
Kelly Fiveash, 25 Jan 2008
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Dixons embarks on mega Euro expansion

Dixons has unveiled ambitious plans to expand its electrical retail operation on the Continent. The UK retailer is increase the number of its PC City superstores in France from seven to as many as 100 stores, it announced today. It is to enter two new markets with the opening of its first PC City store in Portugal. And it is to …
Tim Richardson, 27 Apr 2005
The Register breaking news

E-casino 888 to float

888 - the online gambling outfit - is to float on the London Stock Exchange (LSE) it announced today. The IPO of the Gibraltar-based business values the operation at around £700m. The revenue generated from the float will help execs build the business and improve the firm's "profile and credibility". 888 - which includes …
Tim Richardson, 01 Sep 2005
The Register breaking news

Tempo in adminstration

Tempo, the computer and electrical retailer, has gone into administration. All its 37 stores will be kept trading through the Christmas period and the administrators have said a potential buyer has already expressed interest in the business. The chain, which along with Comet, John Lewis and the stores set up by the old …
Robert Blincoe, 28 Sep 2001
The Register breaking news

PartyGaming floats at £4.64bn

Online gambling outfit PartyGaming is set to join the list of the UK's 100 leading companies following its successful float on the London Stock Exchange. The offer price was set at 116p valuing the company at £4.64bn - making it bigger than British Airways and electrical retail outfit Dixons. In early trading this morning …
Tim Richardson, 27 Jun 2005
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Whose notebook is it anyway?

Workshop For some, the freedom and flexibility of a laptop PC is essential to getting the job done. For others, having the latest piece of mobile kit is perhaps more of a luxury, or even, dare we suggest, just a status symbol. Either way, there is no disputing the shift in emphasis from desktop to portable machines in a business context …
Dale Vile, 20 Jan 2009
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Weak consumer spending hits Dixons

Dixons has been hit by weaker consumer spending and warned of tough times ahead, the high street electrical retailer said today. In the six months to the end of April like-for-like sales in the UK - with stores including Currys, Dixons, PC World and The Link - fell two per cent. Demand for gear such as flat screen TVs helped …
Tim Richardson, 11 May 2005
The Register breaking news

Tempo cuts 20% of shops

Electrical retail chain Tempo has decided to shut around ten per cent of its shops in the UK as part of a company overhaul. Seven shops have already closed their doors, with another two due to shut next month, leaving 43 stores. The move will affect around 120 staff. Tempo, which sells anything from washing machines to …
Linda Harrison, 22 May 2001
The Register breaking news

5,000 punters wait for Tiny PCs

Up to 5,000 consumers are without a PC following the acquisition of Tiny Computer by Time Computer. The punters had all bought machines before Tiny called in the administrators last week but have yet to receive them. Time says it is currently trying to contact these customers to provide them with alternative PCs. It is also …
Tim Richardson, 05 Feb 2002
The Register breaking news

Nokia Observation: camera phone or CCTV?

Buyers of Nokia's new Observation camera run the risk of infringing the UK's Data Protection Act, it has emerged. The Observation is a digicam with a built-in cellphone. Nokia is offering the device as a home and office security tool. The camera contains a heat-scanning motion detector. If it detects movement within its field …
Tony Smith, 12 Jun 2003
The Register breaking news

Action stations for Dixons bid?

Dixons is preparing to bid for Action Computer Supplies, the big but ailing direct marketing computer reseller, the Financial Mail on Sunday reports. The electrical retail giant looks like it wants to do a friendly deal, as it has made 'friendly approaches to Action', the newspaper says. Action, a B2B supplier, would fit in …
Team Register, 02 Apr 2001