More Bad News For Currys & Comet as Casino Come To The UK

It has emerged that there is yet more bad news for beleagured British electrical retailers today, when it emerged that French retail giant Casino is entering the UK internet market. Casino plans to launch its electricals-led cdiscount.com with cut-price goods offered at between 20% and 50% off co…

Extended Warranties To Come Under Fresh Scrutiny

The Guardian has reported that extended warranties sold with electrical goods look as they will fall under fresh scrutiny by consumer rights activists and the Office of Fair Trading. The Consumer Protection from Unfair Trading Regulations – which came into force because of an EU directive at the …

Gorenje To Produce An iFridge?

Gorenje will present its prototype refrigerator and iPod at the Consumer Electronics Fair IFA in Berlin. Licence agreement with Apple was signed at the beginning of this year and enables Gorenje to use Apple technology and the logo “Made for iPod”. The production of this household appliance, wh…

LG Aims To Sell 10 Million Washing Machines In 2008

Global electronics giant LG Electronics, have introduced its flagship washing machines for the second half of 2008 and announced its business strategies for achieving a top global position in with appliances as well as total sales of 7 billion USD by 2012.

Will The VAT Man Make Repairs VAT Free?

It has been widely reported that a report made on behalf of a House of Lords committee believes reducing VAT could encourage more people to have items repaired rather than throwing them away, so cutting waste. The report also suggests the government should reduce VAT for products that use sustain…

Flat Panel Polymer Fridges?

The BBC reports a new approach to refrigeration and cooling could make for high-efficiency, portable, and quiet refrigerators in the future. This new method works by applying an electric field to long molecules called polar polymers. Advocates of the method say it will achieve a ten-fold increase…

More Than 100 Comet Staff Could Lose Jobs

It would appear that DSG is not the only major electricals retailer that is struggling with the current market conditions as it is reported that more than 100 store staff at Comet could lose their jobs as the UK electricals retailer cuts costs amid tough trading in the retail sector. The Comet ch…

DSG Shares Drop Again & Set To Spiral Down Further

There was more misery for troubled DSG International (Dixons/PC World/Currys/Pixmania) which lost 11p at 53p after broker Pali International forecast the shares will sink to 33p. A trading update early next month is unlikely to provide much inspiration for the stock. Brokers JPMorgan downgraded t…