NEWS Earlier in July, the industry’s biggest retailers


reported of the positive impact the Euros was having on TV and audio sales.


Euros 2024 gives £3.1 billion boost to British economy


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While England fell at the final hurdle after losing to Spain in the Euros 2024 Championship final, the British economy claimed a massive victory and saw a £3.1 billion boost during this year’s tournament – especially in TV sales.


Fans are estimated to have spent £405 million


before England’s clash with Spain, according to research from VoucherCodes. Retailers are estimated to have received a £280 million boost, with the majority spent in supermarkets, The Telegraph reported.


Currys CEO, Alex Baldock, said UK sales were up by more than 30 per cent between June and July, with supersize 85-inch screens and above proving very popular. “Our customers clearly wanted to be immersed in great sporting action,” he said. Elsewhere, John Lewis also reported an increase in sales of TVs, speaker systems and soundbars. In the week before the Euros started sales were up 47 per cent against the same period last year. The department store chain said many customers


were upgrading to larger screens, with sales of 65- and 70-inch screens more than doubling on last year. The sales impact from the month-long football


tournament was welcomed by the British Retail Consortium after it reported that retail sales slipped by 0.2 per cent as the late June heatwave failed to offset dampened consumer spending.


Dyson to cut more than a quarter of UK workforce


Appliance Recycling Group launches four- year WEEE campaign


The Appliance Recycling Group (ARG) has launched a new four-year campaign which aims to donate £1 million worth of appliances to the Reuse Network.


The announcement coincided with Earth Overshoot Day earlier this month,


which is the date identified by the Global Footprint Network when global demand for resources and services exceeds what the Earth can regenerate in a single year. “Earth Overshoot Day is a stark reminder of the climate crisis we are facing,”


said Hannah Jordan, Commercial Manager at Reuse Network. “By working across sectors and collaborating with organisations with shared values and goals, we are able to make significant strides to minimise our collective impact on the planet and support low-income households.” When first measured in 1971, the day fell in late December, but has steadily


occurred earlier in the calendar. It has been estimated that ARG’s four-year plan could save 194,143kg of CO2 emissions from being produced; this equates to roughly 18 round-trip flights from London to New York, the Group explained. A headline Sustainability Partner of this year’s ERT Awards, ARG operates 14 sites across the UK and reuses more than 60,000 domestic appliances a year.


Dyson has announced plans to cut up to 1,000 UK jobs as part of a global restructure. The vacuum manufacturer has 3,500 UK employees with offices based in Wiltshire, Bristol and London.


The company said that the job losses and downsizing will help to “ensure


its future” in response to global markets. Dyson CEO, Hanno Kirner, said the company would support those at risk of redundancy. “We have grown quickly and, like all companies, we review our global structures


from time to time to ensure we are prepared for the future,” he said. “As such, we are proposing changes to our organisation, which may result in redundancies. “Dyson operates in increasingly fierce and competitive global markets, in which the pace of innovation and change is only accelerating. We know we always need to be entrepreneurial and agile – principles that are not new to Dyson.” Mr Kirner added that it is “incredibly painful” to make such decisions when “close and talented colleagues” are potentially impacted. The firm, founded by James Dyson with the invention of the bag-less vacuum


cleaner back in 1991, has reportedly said this decision is not linked to outcome of the UK general election, saying the process had begun beforehand. Back in 2020, amid the Coronavirus pandemic, Dyson cut 600 jobs in the UK and a further 300 globally. The company said the pandemic was “changing consumer habits” as more people shopped online. The brand has long had a direct-to-consumer retail model – with one of its famous straplines being “Buy direct from the people who made it” – and it runs its own Demo Stores and shopping centre Demo Zones across the UK.


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