Off the back of strong Christmas sales, Dixons Carphone has announced the closure of 134 stores, though it says that this won’t result in job losses. On the contrary, the company claims that if anything, it expects to either add to its workforce or simply maintain current staff numbers.
The retailer, which dominates the consumer electronics scene with Currys, PC World and Carphone Warehouse, posted record Black Friday figures and a strong holiday period, with sales at established stores (older than a year) up five per cent in the 10 weeks preceding 9 January. It’s expecting to bring in pre-tax profits of between £440 million and £450 million for 2015-16, which compares very nicely indeed with the £381 million made in 2014-15.
All remaining Currys and PC World stores will now be merged, and a Carphone Warehouse outlet will be installed in each of them. The company has highlighted mobile as an area it saw a strong market share gain in, which Samsung may be scratching its head over. The South Korean firm's been struggling to shift its high-end handsets of late, and is desperate to reverse the trend. [Reuters]
Image: Elliott Brown via Flickr