THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Dixons Carphone posts strong full year sales as it announces closure of travel business

Dixons Carphone has said that its group like-for-like electricals revenue climbed by 14% in the 51 weeks to 24 April as it announced that it is… View Article

RETAIL TECHNOLOGY NEWS

Dixons Carphone posts strong full year sales as it announces closure of travel business

Dixons Carphone has said that its group like-for-like electricals revenue climbed by 14% in the 51 weeks to 24 April as it announced that it is to close its travel business.

In a pre-close trading update, the retailer said online growth had been very strong with electrical online sales more than doubling to over £4.5 billion in the year.

In the UK and Ireland, electrical sales were up 13% while international sales increased by 16% following respective uplifts of 17% and 9% in the Nordics and Greece.

The company said: “Since January, trading has remained strong. Group electricals sales growth continued the positive performance seen over the peak trading period, despite the extended closure of most stores in the UK and Ireland and increased restrictions on trading in the Nordics.”

After the cost of repaying government Covid-19 related support of £73 million, Dixons Carphone now anticipates that its full year adjusted pre-tax profit will come in broadly in line with expectations at £151 million.

Dixons Carphone has also announced that it is to close its Dixons Travel business. In the statement, it said: “We do not expect passenger numbers to recover sufficiently to compensate for the removal of airside tax-free shopping by the UK Government from 1 January. This has led to the difficult decision to close this business, which historically made an annual profit contribution of over £20 million.”

Earlier this month, the company announced that it had closed all Carphone Warehouse stores in the Republic of Ireland.

 

Subscribe For Retail News