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’s online sales uplift partially offsets lost store sales

Dixons Carphone saw its electrical like-for-like sales climb by 10% in the 11 weeks to 21 March in the UK and Ireland, but sales declined by… View Article

RETAIL TECHNOLOGY NEWS

Dixons Carphone’s online sales uplift partially offsets lost store sales

Dixons Carphone saw its electrical like-for-like sales climb by 10% in the 11 weeks to 21 March in the UK and Ireland, but sales declined by 16% in the subsequent five weeks due to the temporary closure of the retailer’s stores following the outbreak of covid-19.

However, Dixons Carphone said its UK and Ireland online business has recovered around two-thirds of the company’s lost store sales.

Meanwhile, sales in Greece were flat in the 11 weeks to 21 March but have since fallen by 40%. Sales in Dixon Carphone’s Nordic region climbed by 5% and 24% respectively in the 11 and five week period as most of the retailer’s stores in the region remained open.

Its closed UK, Ireland and Greek stores would normally be expected to contribute a further £400 million of sales in the current financial year.

Commenting on the covid-19 crisis, Alex Baldock, Dixons Carphone group chief executive, said: I’m humbled by the speed and skill with which thousands of our colleagues have reacted to this crisis in safely helping millions of customers and securing the business’s future. I can’t thank them enough.”

The retailer has experienced strong growth in sales of  home office equipment, gaming products and TVs since the coronavirus crisis started. There has also been an uplift in sales of kitchen products, refrigeration and food preparation items such as bread makers. During the latter part April, personal care products and fitness trackers have also been popular.  In contrast, sales of major domestic appliances have declined due to the stalling of the housing market.

Looking ahead, Baldock said: “We’re being prudent in conserving cash, have secured additional funding, and can plan for the future with confidence.  We remain committed to our longer-term transformation and will use everything we’re learning through this crisis to build a better business for customers, colleagues and shareholders.”

 

 

 

 

Subscribe For Retail News