THE RETAIL BULLETIN - The home of retail news
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Health & Beauty
General Merchandise
Sports & Leisure
Retail Solutions
Food & Drink
Dixons sales slide

Dixons, Europe‘s second largest electrical retailer, said it continued to expect profit for the year to 30 April to reach £85 million which was in line with the guidance given its profit warning at the end of March.


Dixons sales slide

Like-for-like sales for the group had dropped 4% in the 28 weeks to 30 April, with the UK and Ireland down 7%. In contrast, like-for-like sales for the same period in Scandinavia had risen 9%.

The company which owns Currys and PC World said that it did not expect to see an imminent  improvement with sales likely to fall in the first three months of the current financial year.

John Browett, Chief Executive, commented: "With challenging economic headwinds continuing for many of our customers, we remain cautious on the outlook for the year ahead.  Having had a strong World Cup performance as well as the exclusivity of the iPad last year, we have tough comparables ahead.  However, through our Renewal & Transformation plans, our businesses are well placed to emerge from the current weak consumer environments ahead of our competitors.”

He continued: “Having made further good progress on the Renewal & Transformation plan, we continue to deliver significant improvements for our customers, notably this year through the launch of our service brand KNOWHOW, but also through our improved shopping trip and refitting of stores, particularly in the UK.  We will continue to lead the market in delivering a better shopping trip for customers and stronger business performance for shareholders."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News


Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing