Category: Appliance Money

Lingerie and appliance retailer Pacific retail Group (PRG) says its second-half result is unlikely to make up for the negative impacts of its first-half result.

The company’s French chains battle retail slowdowns, while UK Comet stores tackle a downturn in warranty sales and the loss of trade to supermarkets.

The sigh of relief that blew through the City when Dixons released its latest sales figures yesterday added £170m to the electrical retailer’s market value. Things are not as bad as feared. Sales are not falling, profits are rising. But it may turn out to be a small mercy.

The Office of Fair Trading is launching an inquiry into the store card market, following criticism from MPs.

A winter of soaring oil prices is threatening to boost inflation, hit motorists and hamper the global economic recovery, industry experts have warned.

HOUSEHOLD appliance insurer Domestic & General yesterday said flat investment returns and higher claims had sent full-year pre-tax profits down 14pc to £12.6m.

SHARES in Dixons and Comet, the electricals retailers, were boosted yesterday as PowerHouse, their largest competitor, fell into administrative receivership.

John Clare, the chief executive of Dixons, received a total of £1.43m last year in salary, bonuses, and share awards, despite the electrical retailer issuing a severe profits warning in January.

Korea’s electronics makers are strengthening their brand strategies, encouraged by Samsung Electronics whose global brand value is estimated at $10.8 billion.

MFI Furniture has been one of the retail sector’s best performers of late, enjoying a surging run that has seen the shares double in the last six months and rise three fold in the past three years.