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Electrolux
Use London's Ice Bar to launch Raft of New Hot and Cold Products
Last
week Electrolux hired London's trendy new Ice Bar to launch a raft of
new cooking and refrigeration products. Two of the stars of the show were
the Screenfridge (which features wireless broadband internet, TV, email,
phone, radio and an MP3 player), and the new EGL4400X, described as the
hottest BBQ on the market.
Modern-day kitchens have fast become an area where children do their homework
at the table while dinner is being prepared; parents read the morning
paper and listen to the radio; families watch their favorite shows, check
their e-mail and talk on the phone, or also entertain guests. In essence
kitchens have become the modern hub of the home, increasing in size and
complexity over the years. Supporting these activities are a vast number
of electronic gadgets like TV's, laptops and radios (all accompanied by
unsightly wires) to other organizational items like calendars, 'to do'
lists, 'post it' notes and a plethora of other items - all taking up precious
space which could be used for food preparation or entertaining.
Electrolux, the world's largest producer of powered appliances for kitchen,
cleaning and outdoor introduces a simple and elegant solution: A refrigerator
designed for 21st Century use. A product with a dual function - cooling
your food - and helping keep the kitchen orderly and organized, while
also helping family and friends keep in touch. And all this presented
in the form of an iconic cooling product meeting the growing demand for
a style statement kitchen.
Screenfridge is connected to broadband and TV via a wireless connection
and features a 15-inch touch screen and pop-up keyboard. Offering a calendar,
Internet connection, email, phone, radio and an MP3 player, among many
other functions, Electrolux has developed the Screenfridge as a central
hub, equipping it with a unique messaging system and highly advanced calendar
that keeps family members updated on each other's lives.

The new Electrolux EGL4400X, meanwhile, is the hottest BBQ Grill on the
market - and second to none for build quality, professional styling and
outstanding features. Finished in robust 'marine grade' stainless steel
for maximum durability and rust resistance, this grill is packed with
features which set it apart from the rest - from its solid stainless steel
cooking grids (superior to cast iron used in other grills) to its double
layered cooker hood.Its professional looks and top quality build are matched
by an equally impressive array of innovative cooking features that will
transform your BBQ's this summer!
Multiple burners and in-built temperature gauge on the vast cooking area
ensure perfect results whatever the food type: delicate fish can be grilled
- and steaks seared all at the same time!
A practical side burner - ideal for saucepans - means that you can cook
your entire meal outside, and a warming surface and two warming drawers
makes catering for many so much easier.
On the practical side, dual stainless steel drip trays ensure all food
residue is easy to collect and remove and two storage drawers provide
space for beverages and cooking tools.
More on these and other new appliances launched at the Fire & Ice
spectacular will be covered in the next few weeks.
LSY Group Acquires
GE Appliances' DSO in Europe
LSY Group today announced it has completed the acquisition of the direct
sales operation of GE Appliances in Europe.
As sole distributor, LSY Group has distribution rights in the following
countries; UK & Ireland, Belgium, Luxembourg, France, Spain and Portugal.
Since 1985, LSY Group has been a leading distributor of GE Appliances
and in 1995 LSY Group was appointed by GE as sole distributor for baggage
trade and contract sales for the US and Canada. LSY's main focus is to
consistently search for innovative growth opportunities. LSY believes
that its latest acquisition will continue to strengthen and grow the GE
brand for the future.
'The sale of the distribution operation was a strategic move to drive
growth and profitability,' explained the Managing Director, GE Appliances
EMEA Peter van den Broek. 'With LSY focusing on distribution, GE can commit
more resources to the development and marketing of new products which
will drive growth for both GE and LSY.'
Lior Yaron, Chief Executive of LSY commented, 'We are very pleased to
become the sole distributor for GE appliances products in the UK &
Ireland, Belgium, Luxembourg, France, Spain and Portugal. LSY Group is
a well established distributor of GE Appliances and with its wealth of
experience in the appliance field in the US domestic market and worldwide,
I feel extremely confident we can continue to build upon an already successful
distribution partnership'.
GE Appliances
0800 731 8657
http://www.geappliances.co.uk
Graham Hayden
Retires From KBSA
KBSA Director Graham Hayden has announced his retirement from the Association
after 10 years as Chief Executive and more recently Managing Director.
He will officially step down at the KBSA AGM on 6th July.
Graham
was also made the first ever honorary member in recognition of his service
to the association in 2005.
Over the 10 year period, membership of the KBSA has more than doubled
and many initiatives have been introduced to give the independent retail
members major benefits including the acclaimed KBSA website, 'The Specialist'
magazine, exclusive finance packages and a tailored consumer complaints
advice process.
Whilst dealing with the Part P regulations and the establishment of the
first ever National Training Group for the KBB industry have been major
initiatives that Graham has undertaken over the last 2 years, the most
important product for KBSA members is the new 4 way insurance cover that
has now been introduced to ensure that KBSA members remain as 'best in
class' and ready for the KBSA to take a scheme operator status for the
newly launched government TrustMark scheme.
Graham commented, 'I have really enjoyed my 10 years with the association
and I leave in the knowledge that we are well established as the only
KBB trade association that can assure consumers that its members are fully
competent and fully vetted thus ensuring complete peace of mind. The new
4 way insurance product will further emphasise this and I feel that now
is the time for me to move on and I will be delighted to continue as a
very active and supportive member of the KBSA.'
Graham will continue to support the KBSA over the coming months in an
advisory capacity and the Board of the KBSA extend their grateful thanks
and very best wishes for his future work.
Chairman of the KBSA Tony Nicholas said, 'Graham has made an immense contribution
to the KBSA and the industry.'
Following a recently completed strategic review, recruitment of a successor
is already underway.
Visit http://www.kbsa.co.uk
or call 01905 621 787
Sunday Mirror
Votes Luxor Top Tap
The
distinctive curves of Bristan's Luxor basin mixer has earned it special
recognition from a leading national newspaper, which has voted it one
of the UK's top 10 taps.
In a worldwide search for great value taps that offer fantastic style,
the Sunday Mirror, which has a readership of more than 4.6m, recently
chose Bristan's stylish Luxor model as one of the top 10 best taps available
on the market today.
With its distinctive handle and innovative slanting design, the Luxor
basin mixer is currently one of Bristan's best selling models and features
stylish good looks alongside high quality, durable construction, and
is available at an equally attractive price.
The Luxor range also includes bath taps, bath shower mixers and bidet
mixers for a coordinating look.
The Luxor basin mixer costs £114 and is available in chrome.
For further information contact 0870 4425556 or visit http://www.bristan.com
Two Beautiful
for Words: Aqualux Double Award
Aqualux
is celebrating double success by scooping two of the most prestigious
awards at the House Beautiful Awards 2006. At a star-studded event held
at Madame Tussauds in London, Aqualux walked away with the Gold award
in the Best Bathroom Product category and the Silver award for Best
Consumer Advertising Campaign.
The UK's leading manufacturer of bath screens and shower enclosures
fought off competition from hundreds of entrants to win Best Bathroom
Product for its luxurious Walk-In with Wet Room option which has become
Aqualux's best seller since its launch in April 2005.
And the West Midlands based company didn't stop there, working with
its marketing and communications agency Reeves Green, Aqualux also won
the Silver award for its 'Exhilarating Surroundings' advertising campaign.
It is the first time Aqualux has run consumer advertising, which covers
a range of home interest magazines.
James Cadman, managing director was delighted with the awards: 'To be
short listed and then win such a highly prestigious award really confirms
our position as a leading manufacturer of stylish and contemporary products.
It's excellent to be recognised by such a well-respected industry award.'
Commenting on the award for best advertising campaign, Sandra Hyde marketing
manager said: 'We wanted to make sure we got away from the traditional
advertising used in the bathroom market which can often be a bit predictable.

L-R:
Neil Harrison, Aqualux's technical services manager, James Cadman, Aqualux's
managing director, Claire Blincow, PR account manager at Reeves Green
and Director of Reeves Green, Graham Green.
It
was the first time we'd run a consumer advertising campaign so we wanted
to make sure we established strong branding and I think 'Exhilarating
Surroundings' gives exactly the right message about Aqualux and its
products.'
The Walk-In comes in three sizes 1400mm x 800mm, 1400mm x 900mm
and 1700mm x 900mm with a height of 1900mm. All are supplied with a
tray and integral hardwood, water-resistant foot board.
RRP £477 (ex VAT) 1400mm x 800mm Walk-In shower panel, side panel
and Wet Room conversion kit.
For further information please call: 0870 241 6131 or visit www.aqualux.co.uk
House Beautiful
Consumer Magazine Awards Titanium With Silver
At the House Beautiful magazine awards ceremony in London on March 9th,
2006, Whirlpool's Titanium cooking product range was named as winner of
the silver prize in the category 'Appliance Innovation of the Year'.
House Beautiful is a leading UK home improvement journal, with a readership
of 500,000, (70% ABC1). Over 300 people from the home improvement industry
attended the awards ceremony, including representatives of top retailers,
the design world and television.
Ray Isted, brand marketing manager, Whirlpool UK, said: 'This is really
great news for the Whirlpool brand in the UK, as we had some strong competition
from other brands. Readers of House Beautiful are exactly within our target
group, so news of this award will reach over half a million potential
customers with an important message about Whirlpools commitment to innovation'.
Titanium is the perfect material for the modern kitchen, robust, durable,
and easy to clean with a wonderfully warm feel. The built-in cooking range
consists of a 'premium' single oven, a 'premium' titanium full combination
microwave oven, a 'premium' gas on glass hob and a tinted glass and titanium
'line' chimney hood.
http://www.whirlpool.co.uk
Kermi
Invests in New Lines
Investment
in new products is proving successful for Kermi last month saw further
significant expansion of the Shower and Designer Radiator programmes.
New
Shower Enclosure Products
The new Kermi Walk-In System was given extensive exposure to demonstrate
the design flexibility this new programme offers.
The option to fit to the floor or on to the rim of a shower tray opens
up vast opportunities for creative solutions in the very latest minimalist
style.
Service is ex stock across the full range of sizes and fixing options.
The ever popular value for money Ibiza range has received major re-styling
including new sliding quadrant models.
Reflecting the success of the Metallica silver and graphite finishes available
on Kermi Towel Radiators all shower enclosure profiles are now being made
available to special order in these finishes to allow total colour co-ordination.
New
Designer Radiator Products
Kermi breaks into the expanding market for stainless steel towel radiators
with the launch of the comprehensive and competitive Juno range.
Also on offer are two complete new ranges of flat and curved chrome towel
radiators engineered for quality but aggressively priced.
These three new Towel Radiator ranges are backed by off- the- shelf
service.
Taking a bow at KBB were two new Designer Radiators Credo II and Credo
Half. These new designs have a technical pedigree including fully integrated
thermostatic valves for economy and ease of installation.
Email: cradcliff@kermi.co.uk
De
Dietrich Appliances are Showcased at New Biasco Showroom in Essex
De
Dietrich, the premium appliance brand, is one of many top named appliances
being showcased at the new upmarket Biasco Showroom, which officially
opened on Wednesday 15th March 2006.
The showroom, which is on the original factory site of UK kitchen manufacturer,
Wrighton Kitchens, in Nazeing, Essex, is a valuable addition to the Biasco
business model where high end appliances can be featured in a 'real' kitchen
environment. The large and varied showroom is built in association with
Cameo Kitchens and Agency UK.
The De Dietrich models featured are the top of the range DOP490X ICS single
oven, DTI304J frameless induction hob and DVF330J integrated dishwasher.

Oliver
Wicksteed , managing director of Biasco, with the DTI304J Induction Hob
from De Dietrich, which is available in the new Showroom
Oliver
Wicksteed, managing director of Biasco says:
'We have spent a lot of time and thought creating this destination venue,
where customers can see their new kitchens and appliances appearing in
context. We chose a very contemporary look for the De Dietrich showcase;
as the streamlined design of the appliances works well in a modern and
up to date setting.'
We enjoy working with De Dietrich as the company provides excellent training,
and when it comes to selling these products, we are not just selling the
appliances, but the concepts behind them. Therefore, our team of expert
sales professionals are well versed in explaining everything a customer
would need to know about induction hobs, pyrolytic ovens, and more.
For this new showroom, we chose the best money can buy, as we are a quality
company and wanted only quality products in a quality environment!'
De Dietrich Sales (Trade) 01256 308 067
Email: sales@fagorbrandt.com
Web: http://www.dedietrich.co.uk
Indesit
4th Quarter Results
Sales in the last quarter of 2005 reached €841m, up 3.5% on 4th quarter
2004. Growth in the 4th quarter enabled the Company to make up ground
lost in the first half of the year, bringing sales in 2005 to €3,064m,
down 1.2% on 2004. The improvement in the last quarter was due mainly
to increased volumes and a small reduction in the price/mix.
Group net profits for 2005 amounted to €51m, down 49% due to both
the decrease in sales and substantial increases in raw material prices.
The net financial position was stable at €517m (€512m in 2004).
Indesit Company chairman Vittorio Merloni commented: In a year characterised
by high costs of raw materials, steel and oil and by a 12% downturn in
the UK market, the Company reacted well and managed to close the year
with a decent profit. Given our results, we are confident about the Company's
future and ready to exploit any opportunities for growth that arise.
CEO Marco Milani explained further: These results confirm our forecasts.
In 2005 we continued to re-organise and develop a result-oriented management
structure fully integrated with the company. In 2006 we will continue
to invest in research and development of products that are increasingly
innovative and high quality. To guarantee optimum customer service and
consolidate our leadership in Russia we opened the largest logistics pole
in the white goods industry in Europe, in Lipetzk. And lastly, we brought
under control our raw materials costs for 2006, thus limiting the impact
of any new price rises.
Results in 4th quarter 2005 (2004 figures in brackets)
The board of directors approved the following figures for 4th quarter
2005.
* The quarter closed with sales of €841.4m, up 3.5% on 4th quarter
2004.
* The gross operating margin (EBITDA) in 4th quarter 2005 was €76.5m
(€96.0m), the ratio over sales being 9.1% (11.8%).
* The net operating margin (EBIT) in 4th quarter 2005 was €40.8m
(€56.4m), the ratio over sales being 4.8% (6.9%).
* Group net profits amounted to €21.8m (€27.5m), down 20.5%.
Main provisional figures for 2005
* Sales at 31st December 2005 moved to €3,064.1m (€3,100.3m
in 2004), down 1.2%.
* The gross operating margin was €263.4m (€348.4m), the ratio
over sales being 8.6% (11.2%). The downturn in EBITDA in 2005 was due
mainly, apart from the contraction in sales, to substantial increases
in the prices of the main raw materials. This reduction was only partially
offset by improved production efficiency achieved by cutting product/process
costs, redistributing production and improved sourcing.
* The net operating margin in 2005 was €122.3m (€198.8m), with
a ratio over sales of 4.0% (6.4%).
* The Group's net profits amounted to €50.7m (€100m).
* The net financial position was substantially stable at €517.4m
(€512m).
Key events in 2005
* 2005 was characterised by a name change that gives Indesit Company a
more effective identity at international level, as well as boosting the
power of its best known brand.
* In 2005 the Company redefined its organisational structure to achieve
stronger focus on innovation for new product development and on the entire
quality process concerning products and the supply chain.
* On the distribution front, the Company benefited from the coming on
line of the new logistics pole in Lipetzk (CIS), which was opened on 4th
October and fully operational by the end of the year.
* Regarding products, Ariston's new washing machine, the Aqualtis, launched
only four months ago, is enjoying great success with consumers in Italy.
At the end of March it will be launched in Russia, the UK and the other
main European markets as well. In the next few weeks, a new line of Scholtès
appliances designed by David Lewis will be launched.
The board meeting scheduled for 23rd March will approve the consolidated
financial statements and the draft financial statements of Indesit Company
Spa and issue a notice calling a shareholders' meeting.
The 4th quarter report approved on 14th February is available to the public
at Company headquarters and Borsa Italiana and is also on the Company's
website, http://www.indesitcompany.com.
KBSA
Pledges to Support KBB National Training Group
The
KBSA pledged to investigate ways of providing funding for the Kitchen
Bathroom Bedroom National Training Group (KBB NTG) at its last corporate
committee meeting.
A presentation on the progress the KBB NTG has made and its plans for
the future was given to the meeting by KBB NTG CEO Renee Mascari.
Renee explained that initial funding had been provided by the CITB but
that further funds would be dependant on match funding being available
from the industry.
We have carried out two very successful training courses; a 2 day
course entitled 'Introduction to kitchen design' and a 5 day course entitled
'Kitchen Installation'. Thanks to the efforts of the KBSA both courses
were sell-outs and additional courses were arranged to meet demand,
said Renee.
'If we are to develop longer courses to up skill the current workforce
and open up career paths for new entrants into the industry, then we need
more funding.
We have received tremendous support so far from our industry partners,
many of these are KBSA members but if we are to meet our long-term objectives
then we need to develop a sustainable plan for long term funding.
Those present at the meeting were very supportive and a number of different
ideas were discussed. It was agreed that Renee would prepare a business
case so that these could be progressed via the KBSA board.
KBSA Corporate Chair, Barbara Leech thanked all those present for their
positive contributions and re-iterated that the KBSA had been instrumental
in establishing the KBB NTG. She said: The KBB NTG would not have
come into being if it were not for the hard work and commitment of many
members of the KBSA. We are proud of our role in making this important
initiative happen and are fully committed to providing ongoing financial
support.
Web: http://www.kbbntg.com
Fisher
& Paykel - Trading and Earnings Update
For
the ten months ended 31st January 2006, Fisher & Paykel Appliances
Holdings Limited experienced strong growth in appliance unit sales as
it regained market share locally and continued its market penetration
in the North American markets.
The total New Zealand market for appliances declined but the Company continued
to show gains in sales volumes reflecting its market share increase. The
total market also decreased in Australia where the Company recently saw
market share grow despite some initial decline in sales after prices were
adjusted in May 2005.
In the USA the Company continued to trade strongly. Following the acquisition
of Dynamic Cooking Systems (DCS) the distribution strategy for that brand
was changed. Now that the USA headquarters has moved to Huntington Beach,
California, DCS has been fully integrated into the USA operations and
confidence in the brand has been restored. Strong growth in the Fisher
& Paykel brand continues to be led by DishDrawer dishwashers.
Singapore's sales, with a more aggressive marketing approach and the addition
of fhe Whirlpool brand, experienced strong growth.
In the Rest of World markets the Company's ability to compete was adversely
affected by the high New Zealand dollar.
For the ten months ended 31st January 2006 total Appliances sales volumes,
including those of DCS brand in the United States of America, were up
by 7.1 per cent on the previous corresponding period.

While
cost containment has been actively pursued, and gains made, commodity
prices such as oil based plastics and insulating foams have remained unstable.
lnterest rates rises during the period increased the cost of funding the
business. One-off costs of approximately $1 million were incurred for
due diligence carried out on a discontinued acquisition opportunity.
The unexpectedly high value of the New Zealand dollar against the Australian
dollar has impacted results. The New Zealand-Australian dollar exchange
rate has traded above the $0.90 average range projected in the previous
guidance.
The
Company's second United States production facility in Clyde, Ohio is progressing
well ahead of plan. The recruitment and training of staff are well advanced.
The buildings have been extended and services installed. The washing machine
plant in Australia was shut down during November 2005, and has since been
recommissioned on site in Clyde. The first clothes washing machine to
be built in the USA plant was made at the beginning of February, two months
ahead of schedule.
Increased. revenues are expected from the North American markets and the
new motor business.
Declining world steel prices, projected easing of exchange rates, cost
down initiatives in component sourcing, reductions in freight and working
capital costs are expected to combine to underpin the longer-term performance
of the Company.
John Bongard Managing Director and CEO (pictured right)
Hoover
Heats Up Kitchen Appliances with Launch of New Line
Hoover
has revealed the new Signature collection of kitchen appliances. In
the same way that an individual's signature reflects their personality,
the elegant and original design of the Signature collection embodies the
uniqueness, strength of character and style of the Hoover brand,
says the company.
Built for endurance, Signature is made from high grade steel, toughened
glass, and durable finishes designed to resist wear and tear. On
the outside, each highly designed piece remains sleek, slim and sophisticated.
With telescopic shelves, onscreen recipes, the Reflo Grill, and electronic
LED display, the engineering behind the new range will undoubtedly become
the new benchmark for intelligent cooking appliances.
The
Hoover Signature Collection includes ovens, double ovens, a combination
microwave oven and grill, hobs, and a stainless steel and glass hood.
The range of Signature ovens includes multi-function fan and pyrolytic
electric self cleaning ovens featuring pre-programmed recipes for easy
time and temperature setting, LED electronic displays and, telescopic
sliding shelves allow safe and easy access to hot dishes, while the Reflo
Grill reflects heat downwards ensuring faster grilling.
To ensure the best results each and every time, the Signature Combination
Microwave Oven and Grill has five power levels, three cooking combinations,
and a 30-litre capacity.
The Signature hobs have been designed to include: 60-cm and 75-cm Hi-Light
Hobs with touch sensitive digital controls, child safety lock, one extended
cooking zone and one booster zone; the 75-cm 5 Burner Gas Hob, features
cast iron pan supports, flame failure device, one extra large burner,
two rapid burners and two medium burners; and a 60-cm Gas Hob, with single
hand ignition, cast iron pan supports and burners in four ranges, one
of which is a quadruple burner.
The Signature Décor Hood is a modern stainless steel hood with
electronic LED, touch control buttons, 4-high speed extraction rate settings,
and metal grease filters.
Heather England, Marketing Manager for the Hoover-Candy Built-in Division
says: We know our consumers want functionality, durability and beauty
in their kitchenware and the new Signature line is our most advanced yet,
combining highly elegant elegant design and engineering excellence. It's
a sign of things to come in terms of product design and engineering and
we're proud to be leading the field.
Jacuzzi
UK Launches New Vernon Tutbury® Brand
Jacuzzi
UK has launched the new Vernon Tutbury brand in order to further strengthen
and extend its product offering to developers and builders merchants.
The Fordham brand will be phased out over the next 12 months. The Vernon
Tutbury Bathroom Collection will be supported with significant investment
in new product development, literature and photography. New products for
KBB included three new luxury baths, two new standard baths, the Fellini,
Definition and Lateral suites, the Contemporary Furniture range and new
brassware.
Fellini
Bathroom Suite
Inspired by premium Italian styling the Vernon Tutbury Fellini Suite is
a new introduction to the collection. The sweeping curve of the pan and
bidet follows through to the basins, creating an organic flow to the suite.
Three basins with chrome overflow shroud are available within the range.
Choose from two oval countertop basins; 800mm basin, 600mm basin available
with semi pedestal or choose the 500mm circular basin. All basins are
available with one tap hole only.
A wc pan with dual flush ceramic shroud cistern adds a striking feature
to any bathroom. Further alternatives include a wall hung pan and floorstanding
bidet. The Fellini suite is available in white only.
Definition Bathroom Suite
Clean lines and simple styling reflect the European influence on the Definition
Suite. Each of the three basins features a circular inset design that
follows the contours of the basin.
Flexibilty is key to the range. Choose from; 600mm basin, 560mm basin
and 450mm basin with chrome overflow shrouds. All the basins are available
with 1 or 2 tap holes. A full pedestal, cloakroom pedestal and semi pedestal
are included within the range, along with an optional chrome bottle trap.
A choice of close coupled pan and cistern with dual flush or a wall mounted
pan complete the range.
The Definition suite is available in white only.
Lateral Bathroom Suite
The Lateral Suite features a deep rim on the basin and pedestal giving
a substantial feel to this contemporary looking suite. The square shape
of the basin and pan has been softened at the corners with a gentle curve
following the latest in design trends.
The
Vernon Tutbury Bathroom Collection, one of the Jacuzzi UK product brands,
encompasses bathroom suites, baths, whirlpool baths, shower enclosures,
trays, brassware and furniture and is available through selected Builders
Merchants Nationwide.
For further details please contact 01274 654700 or visit http://www.jacuzziuk.com
GUS
plc Third Quarter Trading Update
GUS
plc, the retail and business services group, recently issued its regular
update on trading. John Peace, Group Chief Executive of GUS, said: The
performance of both ARG and Experian in the third quarter reflects the
benefits of our continued investment in initiatives to drive sustainable
growth. Both Argos and Homebase outperformed their markets in the period,
while Experian's broad range of products and services in many countries
around the world continued to underpin its strong performance.
Argos Retail Group
The non-food, non-clothing market remained weak during the period, although
there was a boost to spending in the run-up to Christmas. Against this
background, initiatives at Argos, including Argos Extra, and at Homebase,
including mezzanines and Furniture Extra, have enabled both businesses
again to outperform their markets.
Looking forward, ARG continues to plan on the assumption that like-for-like
sales will remain in decline for the non-food, non-clothing market as
a whole for much of 2006, with increased promotional activity continuing
in the DIY market in particular. UK retailers are also facing inflationary
pressures on costs, as previously outlined.
Argos
In the 14 weeks to 7th January 2006, total sales at Argos increased by
9%. New stores contributed all of this growth, aided by the 33 acquired
Index stores. Argos had 650 stores at the period end, up from 583 a year
ago.
Like-for-like sales at Argos were in line with last year, supported by
the national roll-out of Argos Extra. The contribution to sales of toys
and jewellery in the third quarter is about double that in the rest of
the year; jewellery remained a difficult market. There was, however, a
good performance from consumer electronics, with strong market demand
in gift areas such as MP3 players and video games systems, as well as
flat screen TVs and satellite navigation. Furniture and white goods also
achieved good growth. Gross margin was in line with last year as supply
chain gains countered an adverse product mix.
Customers continued to increase their use of Argos' multi-channel capabilities.
Argos Direct, the delivery to home operation, grew sales by 14% in the
period, representing 19% of sales. Within this, sales ordered on the Internet
increased by 37% in the period, contributing 6% of sales. A further 13%
of sales were reserved by phone or Internet for later collection in store
(Check and Reserve), up 38% year-on-year.
The Spring/Summer 2006 catalogue, which was launched on 21st January,
continues to give customers better value and increased range. It is the
first Spring/Summer catalogue to offer customers in all stores the entire
Extra range of 17,200 lines (up from 13,300 in the main catalogue a year
ago).
Homebase
Sales at Homebase grew by 1% in the 14 weeks to 7th January 2006. New
stores contributed 4% to sales growth. Homebase traded from 297 stores
at the period end (of which 141 had mezzanines) compared to 287 a year
ago (104 with mezzanines). Despite an increase in promotional activity
compared to last year, like-for-like sales declined by 3% in the period.
Gross margin was slightly down year-on-year.
In what remained a very difficult DIY market, total sales of core DIY
and decorating products were lower than last year. Homebase's performance
in the quarter was, however, helped by good growth in big ticket items
driven by initiatives such as new mezzanines and the national roll-out
of the Furniture Extra catalogue in Autumn 2005.
Disposals
The demerger of GUS' remaining stake in Burberry to its shareholders was
completed on 13 December 2005. Benchmark profit before tax1 for GUS for
the year to 31st March 2006 will include a contribution from Burberry
up to the date of disposal.
On 28th October 2005, GUS announced an agreement to dispose of Wehkamp
for about €390m to Industri Kapital, a private equity firm. Subsequently,
the Dutch government announced a reduction in the maximum interest rate
chargeable by commercial lenders to consumers from 21% to 16%. As this
reduction will have a substantial effect on the future profitability of
Wehkamp, the external funding made available to the purchaser was cut.
In the circumstances, GUS has agreed to a reduction in consideration to
approximately €320m to reflect lower expected earnings. Completion
of the transaction is expected later this month. The net book value of
assets at the date of completion is expected to be approximately €335m.
GUS now expects to realise a loss, after costs, of about €25m on
the transaction which will be booked in the second half of the current
financial year.
VASCO
Wins red dot Design Award
2068
entries out of 41 countries; those were the entrants for the 2006 edition
of the red dot award: product design. One of the participants
was VASCO. The specialist in designer warmth sent in no less than 4 products.
The
red dot design award is an initiative of the German Design Centre Nordrhein
Westfalen. The contest receives international fame and each year high
quality products are entered in one of the 11 categories. Also during
the 51st edition this year, the competition was spectacular and the experts
in the jury accepted the challenge to select the most innovative entries.
Out of the 4 registrered VASCO products, no less then 3 products were
awarded with a red dot award: the designer radiators ARCHE and NIVA horizontal
and also the new electrical regulation for bathroom radiators.
The ARCHE from VASCO has already been crowned several times before: Design
Plus Award (2005), Designpreis Silver 2006, selected for Design in Belgium
after 2000, selection Henry van de Velde price, category Best Product.
This international recognition of its product quality - by the competent
members of the jury and in the company of a lot of well-established producers
is a valuable asset for VASCO.
The prize giving takes place during the annual gala of the red dot award
on June 26th, 2006 in the Essen Opera House. The festivities start in
the afternoon with the opening of the special exhibition Design
on stage - winners red dot award: product design 2006, in the presence
of about 1200 international guests from the world of design, art, industrial
circles and politics.
Franke
takes over Coffeetech AG
Franke
has completed its takeover of the Swiss service retailer, Coffeetech AG
located in Berikon/Zurich. Coffeetech had already been a service retailer
of Franke Kaffeemaschinen AG since 1990. Coffeetech is particularly active
in the greater Zurich area - the region with the biggest potential for
growth in the sale of Franke coffee machines in Switzerland.
With the acquisition of this service organisation, Franke is continuing
to pursue its aim of achieving world-wide representation in key markets
with its own sales and service organisation. For Franke this take-over
is a further step towards the goal of being able to offer optimal service
in Switzerland. Coffeetech employs 9 workers and in 2004 achieved a tumover
of 2.4 million Swiss francs.
Miele
Distributes Henkel Household Cleaning Products in U.S.A.
No
European home is complete, or completely clean, without the signature
fresh scent and gentle effectiveness of Henkel's fabric care and household
cleaning products. This absence has long been a source of homesickness
for Europeans living in the United States as evidenced by the surprising
number of Persil laundry detergent box sightings at international airports
as expatriates stow it away in their carryon luggage. Fortunately, going
to such lengths is no longer necessary, as a wide range of Henkel's cleaning
products are exclusively imported and conveniently distributed in the
United States by Miele, the German household appliance producer.
In particular, the reception Persil and Black Magic fabric care
cleaning products have received is remarkable! said Paul McCormack,
Senior Marketing Manager for Miele, Inc. European-Americans love
Henkel products... and for good reasons. Persil laundry detergents, Vernel
fabric softeners and the unique Black Magic and Perwol products are extremely
effective and leave garments feeling good, smelling fresh and brilliantly
clean. All front-loading washing machines require the use of high-efficiency
(HE) laundry detergents and few manufacturers have Henkel's expertise
as a 130-year-old trusted European brand. In America, Miele strongly recommends
using Henkel's Persil products in its washing machines because it offers
users the absolute best performance out of their machine.
Henkel's household cleaning products are available exclusively through
authorised Miele dealers throughout the United States or can be purchased
directly and securely from Miele by logging on at http://www.miele.com.
Henkel laundry products Miele distributes in the U.S. include:
* Persil Powder - An excellent all-purpose detergent suitable for whites,
light colors and colorfast fabrics.
* Megaperls & Megaperls Color - A highly effective concentrated laundry
detergent with color-safe oxygen bleach. Megaperls Color is specially
formulated to deep-clean heavy stains and safely clean bright and dark
colors.
* Persil Sensitive - The perfect choice for people with sensitive skin
or allergies contains no dyes.
* Power Gel & Color Gel - A surprisingly small amount of these highly
concentrated liquid laundry detergents gently clean all types of washable
fabrics.
* Black Magic - Keeps black and dark-colored items looking their dramatic
best, while guarding from graying and pilling.
* Perwoll - The safe and gentle way to care for woollens and fine fabrics.
* Vernel Fabric Softener - Leaves laundry feeling extra soft, with a fresh,
pleasant fragrance. Helps fabrics resist wrinkles, making ironing easier.
Other household cleaning products imported by Miele include:
* Somat Rinse Aid - Makes a run through the dishwasher like a spa visit
for dishware. Minimises spotting, too.
* Somat Salt - Optimises cleaning results, even in regions with unusually
hard water.
* Sidol Steel and Ceramic Cleaner - Keeps stainless steel appliances and
other household surfaces looking their best.
* Sofix Stone Care - Safely cleans stone floor surfaces, inside or out.
* Sofix Parquet Care - Provides longwearing protection for expensive wood
floors, with a pleasing natural shine.
New
Marking on Twyford Vitreous China Labels
From
1st January 2006 new messages started appearing on the packaging of all
Twyford WCs.
Its all to do with CE marking which all sanitaryware producers will eventually
be obliged to follow if they wish to sell their products in Europe.
The labelling changes are a result of a CONSTRUCTION PRODUCTS DIRECTIVE
- a European Union initiative. It will be a legal requirement in Europe
from 1st Dec 2006. Twyford is well ahead of the pack.
CE Marking
CE marking has been in use since 1993 and is seen on all sorts of products
sold in Europe. But now its coming to Sanitaryware. First on WCs,
then later on most VC products.
The CE marking system ensures that there is no barrier to trade within
Europe. It is not a quality mark but it is a mark which states
that the product has been assessed and does comply with national technical
requirements. Products imported into Europe from elsewhere (eg. the Far
East or the US) must also be CE marked.
As you would expect from a quality supplier supporting its customers all
Twyford WCs fully conform to the required technical standards and now
have the CE mark fixed to the packaging label.
Twyford Bathrooms is well in advance of the legal requirements.
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