It looks like the classic British high street electronics chains might be going the way of the Dodo, or at least Dixons looks to be down sizing quite severely. Its head honcho is looking to cut stores down to just 30-40 to slash costs.
Sebastian James, chief executive of Dixons, said that he'll be turning the remaining stores into "urban toyshops" chock-a-block full of "fun exciting new technology". It sounds like he's trying to mimic what Apple's managed to achieve with its own retail stores, which have turned into a Mecca, of sorts, for Apple and technology loving geeks.
The good news for Dixons staffers is that James reckons he can downsize without job losses, although whether that's realistic we'll have to wait and see. I can't say I see myself hopping along to my nearest Dixons to try out something new and exciting, then again I haven't set foot in an any high street electronics store for literally years. [FT]