Currys enjoyed improving sales over the first part of the financial year as customers sought out artificial intelligence-enabled products.
The London-listed company reported 5% growth in sales in the UK and Ireland during the 17 weeks to August 24 amid an “improving consumer environment”. “New AI-enabled computers are bringing excitement and innovation to customers, who are coming to our stores to learn more about the technology, helping us take almost 50% share of the total laptop market.”
“Across the group, we’re continuing to target growth in high-margin, recurring revenue services and solutions. Currys is well set for our important peak trading period and beyond.”In 2023, it scrapped its final dividend payout to shareholders after reporting a loss of £450 million, which it said was down to weak demand, cost-of-living pressures and competition from other tech retailers.