UK Retailer Struggles in a Difficult Holiday Season
- Currys lowers profit expectations to £155m
- 10% drop in sales
- Technology market described as ‘challenging’
- Revenue down 3% year-on-year during Christmas period
UK-based electronics retailer Currys Plc has announced that it expects its profit for the year to be around £155 million, down from previous expectations. The company cited a 10% drop in sales and a challenging technology market as factors contributing to this decline. During the crucial Christmas period, revenue fell by 3% compared to the same time last year. Currys attributed these struggles to the competitive landscape and changing consumer behavior.
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Financial Relevance: Yes
Financial Markets Impacted: The article discusses the impact of inflation on consumer spending and investment decisions.
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www.retailsector.co.uk 
