All the updated news related to marks electrical

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Heatwave demand for air con and fridges drives up sales for Marks Electrical

A surge in people buying air conditioning and replacing their old fridges during the spell of hot weather has driven up sales for electrical retailer Marks Electrical Group. The Leicester-headquartered company reported its revenue grew 13.7% to £27....

11 Aug 2022 at 11:31

City

Marks Electrical posts record trading as air fryer sales jump

Marks Electrical has revealed record sales for the past year as it was boosted by demand for air fryers as consumers sought to reduce their energy costs in the kitchen. The online electronics retailer saw shares rise as it also reported an ...

14 Jun 2023 at 12:41

City

Marks Electrical ‘ready to weather cost-of-living crisis’

Marks Electrical has said it is well-placed to deal with the impact of the cost-of-living crisis because most of what it sells is necessary for people’s homes. The business said it gets most of its money from so-called “distressed ...

08 Jun 2022 at 10:21

City

Marks Electrical shares dive on profit warning

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”. Founder and chief executive Mark ...

10 Jan 2024 at 11:49

City

Marks Electrical reports boom in energy efficient laundry machine sales

Shoppers are switching to the most energy efficient washing machines and tumble dryers possible as households are squeezed by rising electricity costs, sales figures form retailer Marks Electrical show. The business said ...

08 Nov 2022 at 10:23

City

Mike Ashley’s Frasers buys £3m stake in Marks Electrical

Mike Ashley’s Frasers Group has snapped up a £3 million stake in Marks Electrical in its latest investment deal. Online white goods retailer Marks saw shares move higher in early trading on Tuesday as a result. In a ...

26 Nov 2024 at 12:20

City

Retailer Marks Electrical profit falls as shoppers cut back on appliances

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 ...

26 Jun 2024 at 11:20

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