IER-JAN2010-PG04.2 04/01/2010 11:43 Page 4
News
CIH bosses criticise the damaging effect of reducing credit limits
CIH reviews the difficult trading year
THE last year proved to be didn’t keep their promises
very difficult for CIH which, in which caused “to temporarily
line with rest of the industry, stop most independents from
had no control over many selling and causes much
external economic factors, heartache. Last year I had
such as reduction of credit asked for the suppliers to look
limits which has caused some at how they take their
members to retire early, said products to market and
Robin Millwood, chairman of reward those that display and
the buying group, speaking at support them but I have to say
the annual CIH Suppliers that for most of the year the
Clayton Witter, managing
Luncheon. “It seems like CIH pigs have still been flying past
director of Beko (on the left),
has become a property my window and they are collects the White Goods
company with now having 20 getting fatter.”
Supplier of the Year trophy from
first charges on members’ Despite these difficulties
Stuart Cook (in the middle).
properties and many of these CIH managed to increase its
members have been solid turnover by 10% in 2009, members which they plan to the opportunity to show the
supporters of CIH for years “but our concern is that all tackle with other solutions if complete range of products.
and have never missed a our members are able to insurance companies won’t The title of the Brown
payment, but payment make a profitable margin,” extend a helping hand. Goods Supplier of the year
records and credibility do not Stuart Cook, the group’s chief Finally, Stuart Cook went to LG Electronics which
appear to account for executive, told IER. His presented the Annual increased its turnover with
anything in today’s difficult advice to the members for Euronics Trophies. The CIH the group by 477%, having
trading environment.” the next twelve months is: Business Partner was Magic changed its channel strategy.
Mr Millwood also criticised “Sell service, sell quality Solutions consultancy The White Goods Supplier of
the pricing policy of some of products and don’t responsible for the new the year trophy was awarded
the group’s suppliers who compromise.” In his opinion Euronics website which to Beko UK which recorded
advised CIH of price rises at the biggest CIH challenge will features a click and collect growth of 47% since April
the beginning of the year but be credit limits for its facility and gives members with the group.
trade update...
Electrolux, together with its Freeview has announced help remind customers about Linn Products has become
brands AEG-Electrolux and that it has passed a key their engineer appointment in the first manufacturer to
Zanussi, has been ranked by benchmark to become the advance via email. The email give up on CDs from 2010.
the Brand Emissions main-set TV service in 10 service, the first of its kind in Instead, the niche company
Leadership project as million UK homes. the UK, has been developed will focus on producing
emission leader in its sector in in conjunction with the digital streaming
the first annual ranking of Retail training firm, Beyond company’s text message equipment. Yet it will
brands sold in the UK and The Box has been appointed appointment scheme, continue to make turntables
their ambitions to cut carbon. by Hoover to roll out a released in spring 2009. for vinyl records.
nationwide training
Freesat launched the BBC programme to Homebase Lenco, the Swiss originated Sony Corporation and FIFA
iPlayer beta on Freesat in stores. The initiative is to consumer electronics brand have announced an
December 2009. This is first support the launch of new is now available in the UK. agreement for selected
time that viewers will be able Candy and Hoover built-in This is the result of a media rights of the 2010
to receive a full version of the product ranges – including distribution agreement FIFA World Cup in 3D. FIFA
BBC catch-up via cookers, refrigeration and between Lenco and IT is to produce the world’s
subscription-free TV direct to laundry goods. Industries Europe in first World Cup in 3D. Up to
their television sets. It was Hampshire. Lenco has been 25 of the 2010 tournament’s
also confirmed that ITV Player Indesit Company has synonymous with Swiss matches in South Africa will
will launch onto Freesat in the launched a new electronic precision in the field of Hi-Fi be produced using Sony’s
first half of 2010. appointment card system, to and electronics. 3D professional cameras.
4 TheIndependentElectricalRetailer January 2010
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