Currys

Last updated

Currys
IndustryRetail
Founded1884
Headquarters Waterloo, London, England
Number of locations
Decrease2.svg 301 (2023) [1]
Area served
United Kingdom, Ireland
Key people
Alex Baldock (Group Chief Executive)
Products
Parent Currys plc
Website currys.co.uk OOjs UI icon edit-ltr-progressive.svg

Currys (branded as Currys PC World between 2010 and 2021) is a British electrical retailer and aftercare service provider operating in the United Kingdom and Ireland, specialising in white goods, consumer electronics, computers and mobile phones.

Contents

Established as a bicycle retailer in 1927, Currys expanded the range of goods sold and from the 1960s became a major retailer of household electrical items. In 1984 the company was bought by rival retailer Dixons, and the Currys brand was used for all outlets of the combined company. From 2008, the business turned away from shops in town centres to larger out-of-town stores under the Currys PC World brand, combining the operations of Currys with Dixon's PC World under one roof; after the formation of Dixons Carphone in 2014, the stores gained Carphone Warehouse departments. It was announced in July 2021 that all Currys PC World stores would be rebranded to Currys.

History

Early years

Currys Shop at 285-287 Belgrave gate in 1903 Currys Shop 285-287 Belgrave gate 1903.jpeg
Currys Shop at 285–287 Belgrave gate in 1903

Henry Curry started to make bicycles in Painter Street Leicester in 1884, after leaving his previous employer N. Corah & Sons. Currys went public in 1927 when his four sons merged The Louth Bicycle Company, and the loose confederation of shops which the sons had run since their father's retirement in 1909, with the Nottingham-based Campion Cycle Company. [2]

By the 1940s, the shops sold a wide variety of goods including bicycles, toys, radios and gramophones. [3]

Meanwhile, particularly under the directorship between 1967 and 1984 of Dennis Curry, grandson of Henry Curry, [4] the company underwent considerable expansion to become a major high street supplier of televisions and white goods (refrigerators, washing machines and other domestic appliances); by 1984 Currys Group plc had 570 shops, twice as many as the company which was then to acquire it. [5]

Logo used until 2021 Currys.png
Logo used until 2021

Takeover by Dixons

Branch in the former branding in Grimsby, Lincolnshire, 2006 Currys - geograph.org.uk - 191140.jpg
Branch in the former branding in Grimsby, Lincolnshire, 2006
Currys adjacent to former rival Comet in Guiseley, West Yorkshire, 2009 Comet and Currys in Guiseley.jpg
Currys adjacent to former rival Comet in Guiseley, West Yorkshire, 2009

In 1984, Currys was taken over by Dixons (another electrical products retail chain, now Currys Plc) but maintained its separate brand identity. In April 2006, Dixons Stores Group announced that its Dixons shops, except in Ireland and in duty-free areas in airports, would be rebranded as Currys.digital [6] (later changed to Currys Digital). In Ireland, the Dixons shops were rebranded as Currys in August 2008. [7]

Before the Dixons rebranding, the chain had only a few small town centre shops compared with its much greater number of large out-of-town megastores. On 17 January 2007, group chief executive John Clare announced that when the leases on the remaining 'Currys High Street' shops (not the rebranded Currys.digital shops) expired, it would be unlikely that they would be renewed: thus the shops would be closed at the earliest opportunity. [8]

Currys PC World

A combined Currys and PC World on The Headrow in Leeds, 2013 PC World, the Headrow, Leeds (20th February 2013) (tweaked).jpg
A combined Currys and PC World on The Headrow in Leeds, 2013

Dixons Retail began a trial combining Currys and PC World shops in 2008. [9] [10] During the Dixons Carphone Christmas 2015–2016 results update to shareholders, Sebastian James, group chief executive, revealed that over the following financial year the three-in-one shop format (shops featuring Currys, PC World and Carphone Warehouse branding under one roof) would be rolled out across the company's entire portfolio in the United Kingdom and the Republic of Ireland. [11]

Revival of Currys as sole brand

Following reorganisations in 2020 and 2021, Dixons Carphone announced that the Currys PC World stores would be rebranded to Currys in October 2021. [12]

Views

In December 2023, Curry's CEO Alex Baldock said of a planned rise in the National Minimum Wage, "We believe we are paying our colleagues well and we certainly intend to continue to. That said, for the retail industry as a whole, having a big hike in the 'national living wage' at the same time as an expected half a billion pound increase in the rates bill just shows how little the government appears to understand or care about this industry." [13]

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References

  1. ↑ "Our Brands". CurrysPLC. Retrieved 27 August 2023.
  2. ↑ Harry Lerner 1984). Currys, the First 100 Years, Woodhead-Faulkner Press. ISBN   0859413071 [ page needed ]
  3. ↑ Whittaker, John (16 April 2001). "Dennis Curry".
  4. ↑ "Obituary: Dennis Curry". www.telegraph.co.uk. 17 April 2001. Archived from the original on 10 January 2016. Retrieved 23 June 2021.
  5. ↑ "Dixons Group plc" on Company-Histories.com
  6. ↑ "Assessing the Currys.digital brand". Marketing Week. 29 September 2006. Archived from the original on 10 October 2021. Retrieved 24 February 2021.
  7. ↑ Mulligan, John (7 August 2008). "Electrical store Dixons to be rebranded under Currys name". Irish Independent.
  8. ↑ "Business Comment". The Independent. London. 18 January 2007. Archived from the original on 18 February 2007.
  9. ↑ "PC World and Currys trial joint store". Archived from the original on 29 September 2010. Retrieved 2 October 2010.
  10. ↑ Parfitt, Ben (3 August 2009). "PC World and Currys combo 'a success'". MCV. Retrieved 24 August 2015.
  11. ↑ "Christmas Trading Update 2015–16" (PDF). Dixons Carphone. Dixons Carphone. 26 January 2016. Retrieved 29 February 2016.[ permanent dead link ]
  12. ↑ Onita, Laura (13 May 2021). "Dixons, PC World and Carphone Warehouse to disappear in Currys rebrand". The Telegraph. ISSN   0307-1235 . Retrieved 23 June 2021.
  13. ↑ "Currys boss: minimum wage hike shows government does not 'care' about retail". The Guardian. Retrieved 14 December 2023.
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