POWERHOUSE, the electrical goods retailer, has launched a new set of customer guarantees in response to an ongoing probe into extended warranties.
KITCHEN and bathroom furniture giant MFI revealed yesterday that it is to fight a £28.5 million tax bill for warranties it sold, in a battle that might have substantial ramifications for the whole sector.
GO IN to any electrical shop and buy anything from a personal CD player to a washing machine and the eager sales assistant is certain to offer you the chance to take out an extended warranty.
COMPETITION watchdogs are to press ahead with an investigation into High Street giant Dixons, after finding evidence to back claims the electrical chain has a monopoly in the sale of extended warranties.
SHOPPERS are wasting their money on extended warranties and should take retailers to court instead if electrical appliances break down within five years, according to experts.
SHARES in electrical retailer Dixons fell more than 9 per cent yesterday after the company said it would take an annual £20 million hit from the Chancellor’s decision to tax extended warranties, a move expected to hurt other high street retailers, including Carphone Warehouse and Comet.
CONSUMERS will waste about £50 million in the run-up to Christmas on expensive extended warranties on electrical goods, research claimed today.
THE Office of Fair Trading has told the Competition Commission to probe sales of extended warranties - insurances sold with electrical items such as dishwashers or video recorders - which promise to pick up the bill if the appliance needs repair.
ELECTRICAL retailer Dixons has criticised the Office of Fair Trading for "inappropriate and unjustified" action on the sale of extended warranties.