Key facts
- Currys CEO Alex Baldock warned of tight supplies for fans and air conditioning units.
- The warning comes ahead of an anticipated UK heatwave.
- Sales of fans and air conditioning units surged in June due to record temperatures.
- Currys reported a 6% rise in sales for the year.
- Currys' total sales reached £9.2 billion for the year.
Currys CEO Alex Baldock has issued a warning regarding the availability of fans and air conditioning units, citing "tight" supplies ahead of an anticipated heatwave in the UK. This comes after a significant increase in sales for these products during June, which experienced record-breaking temperatures. The company's overall sales for the year rose by 6%, reaching a total of £9.2 billion. Baldock indicated that Currys is actively managing its inventory to address the potential surge in demand for cooling appliances. The company's performance reflects a broader trend of increased consumer spending on seasonal goods during periods of extreme weather. Currys is focused on ensuring adequate stock levels to meet customer needs during the upcoming warm spell.