Monday 23 October 2017

Ireland and UK perform for Dixons

John Mulligan

John Mulligan

DIXONS, the UK retail group that also owns Currys and PCWorld, said the group delivered "good" sales in the UK and Ireland in the final quarter of its financial year, even as its southern Europe businesses continued to struggle.

Dixons, which is Europe's second biggest electrical retail and operates close to 30 outlets here, said like-for-like sales in the UK and Ireland jumped 8pc in the final quarter of its financial year, which ended on April 28. In its Northern Europe division, sales were 10pc higher in the final quarter.

Shares in the company rose more than 4pc in London as investors digested the news.

Former Dixons chief executive John Browett headed the embattled retailer until earlier this year when he was poached by Apple.

Mr Browett had embarked on a major revamp of how Dixon group stores operated, focusing more on providing help to consumers, but also building a number of larger outlets.

The group said that sales in Italy and Greece have continued to be impacted by difficult economic environments.

Dixons announced last year that it was closing its Spanish operations.

Irish Independent

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