Search results
Cost-of-living crisis
- Cash-strapped shoppers are looking to trade down their household appliances amid the cost-of-living crisis, according to retailer Marks Electrical, in a trend which pushed the firm’s profits down by one-third last year.
www.standard.co.uk/business/business-news/retailer-marks-electrical-profit-falls-as-shoppers-cut-back-on-appliances-b1166895.htmlRetailer Marks Electrical profit falls as shoppers cut back ...
People also ask
Why did marks electrical lose a third last year?
Why did marks electrical lower its full-year profit guidance?
Is marks electrical a hit to profit margins?
Did marks electrical's gross product margin increase in Q1?
What does marks electrical sell?
What will marks electrical's full-year sales look like?
Aug 7, 2024 · In its full-year results for the 2024 financial year, Marks Electrical pre-tax profits fell to £616,000 from £6.4m the previous year. The retailer said the fall in pre-tax profits was due to “non-underlying costs” and “weaker trading profitability”.
- Hugh Radojev
Jun 26, 2024 · Marks Electrical, the retailer, has reported that the cost-of-living crisis is causing cash-strapped shoppers to opt for cheaper household appliances. This trend resulted in a one-third...
Jan 10, 2024 · Marks Electrical has lowered its full-year profit guidance, despite a boost in sales after margins failed to grow as expecting in a challenging trading environment.
Jan 10, 2024 · Marks Electrical has seen its shares plunge after warning over profits as it suffered during the festive season amid a competitive market and as shoppers remained “highly price-conscious”.
Jan 10, 2024 · Marks Electrical, the Leicester-based online electrical retailer, has posted a profit warning after revealing this morning (January 10) that margins were below levels forecasted.
Nov 16, 2023 · Marks Electrical profits fell 14.8% despite sales soaring in its first half as its move to introduce its own installation service hit its margins.
