Hello, Dixons Carphone? Yep, we're ringing from a 2015 handset. Profits down 60%, eh?

www.theregister.co.uk | 12/13/2017 | Staff
KHALED (Posted by) Level 3
Click For Photo: https://regmedia.co.uk/2016/12/14/shutterstock_carphone.jpg?x=1200&y=794

Dixons Carphone execs handed out their numbers to world+dog today, showing profits plummeting by more than half in the firm’s half-year results. The plunge was chalked up to UK customers skipping mobile upgrades - a move that could signal further closures across its stores.

For the six months to December, group profit before tax dropped to £61m, compared to £154m the same time last year, and sales fell 3 per cent to £4.6bn.

Profit - UK - Ireland - Cent - Year

Profit in the UK and Ireland plunged 73 per cent to £34m from £130m the year before. However like-for-like sales, taking into account its existing store closure programme, were down 2 per cent to £3bn.

During 2017 DixCar shut 134 stores in the UK, as part of its 3-in-1 store concept, merging the PC World and Currys outlets into its Carphone Warehouse stores. The company now has 1,078 shops in total with around 700 Carphone Warehouse stores.

Group - Exec - Seb - James

Group chief exec Seb James said:

"We recognise that the performance of the mobile division needs addressing, and are taking action to adapt our model in order to cement our place in a changing world.

"We will...
(Excerpt) Read more at: www.theregister.co.uk
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