Monday 24 September 2018

Dixons says retail holding up better in Ireland

Signs display the logo of Dixons Carphone at the company headquarters in London. Photo: Reuters
Signs display the logo of Dixons Carphone at the company headquarters in London. Photo: Reuters
Gavin McLoughlin

Gavin McLoughlin

Dixons Carphone said that its Irish business had a "strong financial year" despite a sharp profit drop for the business as a whole.

The Irish business increased market share in televisions, computing, mobile phones and white goods, the company said.

It said it is investing in its Irish retail outlets to create "3-in-1" superstores which bring Carphone Warehouse under the same roof as Currys PC World.

A new online platform for Currys PC World is also being launched.

At group level pre-tax profit slumped to £382m (€436m) in the company's 2017/18 financial year.

That compared to £500m the year before. In the UK and Ireland division, like-for-like revenue grew 2pc.

Chief executive Alex Baldock said the company could improve its performance with "clear long-term direction that sharpens our focus on our core, and that better joins up both our offer to customers and our business behind the scenes".

The company was recently hit by a major cyber attack.

Irish Independent

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