AIM listed online retailer posts strong quarter


AIM listed online retailer posts strong quarter

Marks Electricals generated £27.6 million revenue in its latest quarter which is approaching 14 per cent up on the same period last year. The business which is 70 per cent owned by its founder Mark Smithson claims it has a 2.1 per cent market share of the market for white goods.

Smithson said of the current market: “We’ve seen strong competitive activity both in pricing and marketing, with heavy discounting of headline prices and higher cost per click marketing expenses.”

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