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Strong trading for retailer over Xmas

Dixons Carphone to close 134 stores

Dixons CarphoneDixons Carphone is to close 134 stores following the merger last year of the two electrical goods retailers.

Seb James, chief executive, said in a trading update that customers “really like” the fully refurburbished 3-in-1 store concept (Dixons, PC World, Carphone Warehouse), and the company has decided to launch a £50 million programme to roll out the format across the country.

“This will involve merging the remaining PC World and Currys stores and inserting a Carphone Warehouse,” he said. “While this will reduce our store numbers by 134, we have been doing this – on a smaller scale – for some years and are very confident that the impact on sales and colleague numbers will be neutral or better.

“In addition, our experience shows that that colleagues prefer working in – and customers prefer shopping in – our new 3-in-1 format stores.”

The company reported a a year of good like-for-like growth over the peak trading period, including an all-time record day on Black Friday and a strong promotional period after Christmas.

Group like-for-like revenues for the 10 weeks to the 9 January were up 5% and headline pre-tax profits for the full year will be between £440m to £450m for the full year, slightly ahead of consensus.

 



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