NEWS Currys sees
Currys sees ‘encouraging‘encouraging momentum’ as
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momentum’ as UK profits improve
UK profits improve
The retailer said that trading momentum improved in the year to 27 April; CEO Alex Baldock said “our performance continues to strengthen”. Despite this, group like-for-like revenue dropped two per cent over the year, with UK and Ireland adjusted EBIT also down 16 per cent year-on-year to £14 million. Currys put this Mr Baldock added: “We can see our progress in ever-more engaged colleagues, more satisfied customers and better financial performance. Continued growth in sales of solutions and services were particular highlights: they’re good for customers, margins and recurring revenues, and they lean on Currys’ competitive strengths. Looking ahead, the retail boss said he expects AI-powered technology to be “the most exciting new product cycle” since the tablet in 2010… “With our partnerships, Last month Currys announced a partnership with Accenture and Microsoft to
modernise, secure and simplify its technology estate; the retailer said it wants to “unlock value” across every part of the business.
Outgoing John Lewis Chair insists ‘we’re back on track’
Ms White, who will hand over to incoming
in the Partnership’s history, told The Telegraph: launch pad for the next phase of growth for the business, and to be frank we’re in as solid we’ve had.
“Look at the high street names that aren’t here,
but were here in 2019. The fact that we’ve come through it, the business has got momentum and the team is in place for a smooth transition.” Ms White’s tenure saw her guide JLP through the pandemic and the cost-of-living crisis; she called them “once in a generation events”… “We’ve come through that as a company with all the upsides of a partnership – transparency, service, long-term focus – intact. I would say decisions we took over the last year mean that we’re now generating more cash as a business.”
were opened up to sponsors. To meet VAR standard, it is imperative to have display devices with a high level of precision because the high-speed nature of sports requires unparalleled imaging details. Hisense has independently developed an AI image quality
chip, which can identify and process real-time pixel- level images, guaranteeing no loss of key details. Since the previous UEFA European Championship, Hisense has gradually transitioned from brand sponsorship to providing technical support. During the tournament, fans could also see the “NEVER SETTLE FOR NO.2 GLOBALLY” slogan on the pitch side LED boards. In Q1 2024 Hisense’s 100- inch TV global shipment volume share was 56.4 per cent, ranking number one globally according to data from Omdia.
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