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Carphone Warehouse, Dixons return from honeymoon with injured numbers

The marriage between Carphone Warehouse and Dixons is already affecting one partner's career, with the mobe peddler reporting a disappointing 17 per cent fall in revenue. The two firms announced a £3.8bn merger just over a month ago, with stock market trading beginning on 7 August. But the happy couple's first quarter numbers …
Jasper Hamill, 09 Sep 2014
Dixons Carphone Warehouse

Newly spawned Dixons Carphone leaps onto LSE as £12bn sales org

The shotgun wedding between hard-pressed consumer biz Dixons Retail and Carphone Warehouse was consummated today as the £12bn turnover borg started trading on the London Stock Exchange. The merger between Dixons Retail, owner of Currys and PC World, and Carphone Warehouse was first announced back in May. Dixons Carphone - …
Jasper Hamill, 07 Aug 2014

BOOM BOOM: Dixons fires the human cannon

Dixons claims to have fired about 50 workers out the redundancy cannon in its latest battle against the human costs of doing business. At least 100 staff based at the Hemel Hempstead office were put on a 45-day notice of redundancy in early May, just days before Dixons went public with the £3.7bn Carphone Warehouse mega borg. …
Paul Kunert, 24 Jun 2014

Carphone Warehouse, Dixons embroiled in £3.7bn merger rumour

Sir Charles Dunstone once told your humble correspondent that he would never have more than 50 shops. Today his Carphone Warehouse empire has more 2,000 shops across Europe, and is rumoured to be about to add another 500 – through a merger with PC World and Currys owner Dixons. Discussions have been going on since February, we' …
Simon Rockman, 08 May 2014
Dixons Carphone Warehouse

Dixons and Carphone Warehouse confirm £3.7bn MEGA-BORG

Dixons Retail and mobile phone shop Carphone Warehouse have confirmed their £3.7bn merger after months of talks, creating one of the biggest retailers in Blighty. Dixons, which already owns Currys and PC World, will combine with the mobe-purveyor to form Dixons Carphone in a 50:50 merger, rather than an acquisition of one side …

Dixons tells HQ workers: Yes, that IS a creaky trapdoor you hear. You're at risk of redundo

Dixons has unlocked but not yet opened a trapdoor underneath at least 100 bods at its Hemel Hempstead HQ. The retail biz today kicked off a 45-day redundancy consultation with headquarters staff. This comes ahead of a £3.7bn merger with Carphone Warehouse (CPW), first mooted in February, but Dixons insisted the head office …
Paul Kunert, 12 May 2014
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Dixons Retail and Carphone Warehouse mull merger

Dixons and Carphone Warehouse (CPW) today confirmed they are locked in negotiations that may or may not lead to a merger. "These discussions are at a preliminary stage and there can be no certainty that a transaction will be forthcoming," the pair said in a joint statement this morning. As such, no decision has been made …
Paul Kunert, 24 Feb 2014

Dixons selling £68k gold, diamond, ruby and sapphire iPhone for Xmas

Anyone short of ideas for the stocking filler this Christmas and with a spare £68k down the back of the sofa can look no further: it's time for a Gold iPhone from the Dixons Retail concession at Harrods. The Jesus mobe, made by one of Harrods' commercial partners, is housed by a 24 carat case with over 300 22 and a half carat …
Paul Kunert, 29 Nov 2013
Santa Claus on his laptop

Santa brings Dixons £31m profits as ghost of Comet is laid to rest

Christmas has come early for the bosses of Dixons Retail Group, which has announced an encouraging boost in profits and sales. Dixons, which also owns Currys and PC World, said its sales were up thanks to steady cutting of less profitable subsidiaries. In the UK and Ireland, operating profits surged up to £31.4m, five times the …
Team Register, 17 Dec 2013
Santa Claus on his laptop

Boxing Day sales bubble boosts Dixons - but don't hit the champers just yet

UK saps shoppers spent more than £100,000 a minute at Dixons Retail during the Boxing Day sales helping to drag it into growth during the Christmas quarter for the second consecutive year. But CEO Sebastian James held off talking up any recovery given the torrid time that many electronics retailers have faced in the past four …
Paul Kunert, 16 Jan 2014

Have PIXmania. In fact, have £59m with it too, Dixons tell German VCs

Dixons Retail has forked out £59m to convince German venture capitalist mutares AG to take loss-making web shop PIXmania off its hands. And so ends the retail firm's costly flirtation with the online gadget souk seven years after it coughed €266m for a 77 per cent stake in the biz and a little over a year after it bought the …
Paul Kunert, 27 Sep 2013

Dixons in talks to offload loss-making online mart PIXmania

Dixons Retail confirmed this morning it is trying to offload loss-making web bazaar PIXmania to German-listed industrial holding company mutares AG by dangling a multi-million pound dowry to fund operations. The retailer says it will now enter a consultation period with PIXmania's Work Council, in line with French labour laws ( …
Paul Kunert, 05 Sep 2013
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Dixons feasts on corpse of Comet, chortles over 'slab bonanza

PC World and Currys helped steer sales growth at Dixons Retail in fiscal '13 ended 28 April against the background of a land grab for fallen Comet's trade and a boom in slablets. In a trading statement today - preliminary numbers are filed on 20 June - the retail mammoth said like-for-like Q4 sales climbed seven per cent on a …
Paul Kunert, 16 May 2013
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Dixons Retail flogs Equanet to serial swallower Kelway

Dixons Retail has offloaded mid-market and public sector reselling outfit Equanet to hungry channel player Kelway. It is nearly eight years since Dixons acquired the company, considered to be one of the stronger mid-market players in the UK, but its reputation has since waned. It was the subject of serious cost-cutting by its …
Paul Kunert, 07 Mar 2013
Windows 7 gurus

Not even Comet crashing into Earth can keep Dixons out of the red

Dixons Retail has reported massive losses due to one-off charges from the restructuring of PIXmania, and a reshuffle at its HQ following the sale of its B2B reseller operation Equanet. The LSE-listed group told the City this morning that it made pre-tax losses of £115.3m in the year to 30 April, albeit narrower than the £118.8m …
Paul Kunert, 20 Jun 2013

Dixons and Microsoft haggling over Surface RT Ts&Cs

Dixons Retail is currently thrashing out the terms and conditions to flog Microsoft's seemingly little loved Surface RT slab. Sources close to the talks say a deal is on the cards but were unsure if it could be struck before the peak festive sales seasons begins in earnest. "Dixons is likely to get it [Surface] but is still at …
Paul Kunert, 13 Dec 2012
ho, ho, ho

Dixons steps over Comet's bloodied body to nab bonus Xmas sales

Blighty's High Street is in meltdown, but Dixons Retail bucked the gloomy trend and reported relatively decent sales growth over Christmas. The chain reckons it successfully hoovered up trade from fallen rivals. According to figures filed for the 12 weeks to 5 January, sales by the parent of Currys and PC World were up four per …
Paul Kunert, 17 Jan 2013
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PC World, Currys, Dixons websites all go titsup

The websites of Dixons Retail Group electronics stores have gone down today - knocking over Currys, PC World and Dixons.co.uk. The sites have been offline since breakfast, but there's been some confusion about the cause of the outage. Initially visitors to the Currys' site had a "503 Unavailable Error" page pop up, then a page …
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Dixons returns to profit in UK, rubs hands as Comet circles drain

Dixons Retail says it's positioned to capitalise on Comet's collapse as the firm returned to profit in the UK for the first time in five years. Group challenges still remain, however, with gadget souk PIXmania still performing "poorly" and those pesky penniless peeps in Southern Europe dragging numbers down. Pre-tax losses for …
Paul Kunert, 29 Nov 2012

Dixons bigwig dispatched to salvage gadget souk PIXmania

Dixons Retail is understood to have placed Equanet boss Phil Birbeck in charge of its loss-making online operation PIXmania after coughing €10m (£7.86m) to buy the founders' remaining shareholding. Birbeck took control of Equanet, the IT reseller arm of the consumer giant, at the start of 2010 having previously headed up the now …
Paul Kunert, 10 Aug 2012
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Dixons: We had a good summer, though southern Europe was a drag

Dixons Retail says a "busy summer of events" helped maintain momentum in its UK and Irish operations as sales climbed 7 per cent, but it's not yet ready to crack open the bubbly. Revenue growth at group level for fiscal Q1 ended 21 July was less marked: up 5 per cent, as a 13 per cent climb in northern Europe and the sales rise …
Paul Kunert, 06 Sep 2012
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Xmas actually accelerates Dixons sales drop

Dixons are facing a grim new year as it was revealed that the Christmas season actually accelerated their decline in sales. Takings across Dixons stores and the Currys and PC World outlets run by the company fell by 5 per cent compared to the quarter before, reveal figures published today. That fall follows a drop of 3 per cent …
Anna Leach, 17 Jan 2012
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Dixons Retail: A mirror held up to Europe

Dixons Retail's top and bottom lines slipped in fiscal 2012 ended 28 April, according to preliminary results. Group pre-tax profits fell to £70.8m, down from £85.3m in the previous financial year and sales dipped three per cent to £8.05bn, compared to £8.3bn in fiscal 2011. The total loss before tax narrowed to £118.8m from £ …
Paul Kunert, 21 Jun 2012
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Horde of customers storms Dixons – too late to save 2012 sales

A late flurry of consumer spending in the UK boosted Dixons Retail's Q4 sales but came too late to prevent a full-year fiscal 2012 decline, the firm revealed in a trading statement. Same-store revenues fell 3 per cent in the retailer's financial year ended 28 April but were down 1 per cent over the half-year period and actually …
Paul Kunert, 10 May 2012
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Dixons keeps wolves from the revolving credit facility door

Dixons Retail has inked a £300m revolving credit facility with its financial backers that should ease the cash flow of Blighty's largest retailer. The deal extends Dixons current facility, which was due to mature next year, until the end of June 2015. Sources say this will provide short term guarantees that should keep the …
Paul Kunert, 25 May 2012
homeless man with sign

Best Buy fires parting shot at Dixons with closing down sale

Best Buy may be retreating to its homeland with a bloody nose, but it could yet ruin Dixons Retail's margins this Christmas before it turns off the lights. The American electronics retailer's costly flirtation with UK consumers is coming to an end and the firm admitted last month that one of the reasons why its entry had not …
Paul Kunert, 29 Nov 2011
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Dixons to flog off old 'brands' Miranda and Saisho

Struggling retailer Dixons Store Group has appointed an IP firm to flog off two of its now-defunct brands. Metis Partners is looking for offers for Saisho and Miranda. Saisho is offered with "goodwill in the brand and reputation", we're told. It also holds 16 international trademarks. Metis reckons Saisho has made £27m in …
John Oates, 18 May 2011
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Apple lures Dixons boss Browett to run global retail biz

Channel bully boy Apple has nabbed Dixons chief exec John Browett to head up its worldwide retail biz. Browett - who has presided over the struggling UK consumer giant since 2007 - will step down from the board on 20 February and leave on 20 April. He will be replaced by group operations director Sebastian James, will be plonked …
Paul Kunert, 31 Jan 2012
For Sale sign detail

Dixons to set up concession in Harrods

Dixons Retail will try to flog PCs and other consumer goodies to tourists and local toffs when it opens a concession in Harrods early next year. The ailing retailer swapped the High Street for out-of-town trailer trading parks in recent years as part of its turnaround strategy, but is looking to raise brand equity by setting up …
Paul Kunert, 25 Jul 2011

Dixon, Carphone hand their numbers to world +dog before the wedding

Dixons (excluding the impact of disposals) and Carphone Warehouse today reported profit spikes for fiscal '14 in what will be the last set of annual results the pair announce before the £3.7bn borg set for calendar Q3. The European Commission yesterday gave the thumbs-up for the merger to go ahead, creating a £12bn retailing …
Paul Kunert, 26 Jun 2014
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Dixons whacked by profit warning

Dixons shares took a tumble this morning after the UK's favourite electrical retailer warned markets it was unlikely to hit profit targets for the year. The company said sales were down 11 per cent in the UK and Ireland and had fallen 7 per cent across the group. It expects profits for the full year of around £85m. Market …
John Oates, 30 Mar 2011
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Rampaging Brit looters cost Dixons £4m

Dixons Retail has fared relatively better than High Street rivals after trading results today showed that its fiscal half-year losses narrowed substantially in the UK. The firm posted underlying losses of £3.9m in the 24 weeks to 15 October, down from £10.7m a year ago - but the consumer meltdown, which forced a Best Buy retreat …
Paul Kunert, 24 Nov 2011
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Vodafone to buy 140 Phones 4u stores from stricken retailer

Vodafone has swooped on 140 Phones 4u stores just days after the retailer blamed the operator for contributing to its untimely demise when it slipped into administration late last Sunday. Administrator PwC said in a statement late on Friday that Voda had struck a deal with Phones 4u to re-brand the stores over the next few weeks …
Kelly Fiveash, 20 Sep 2014
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Dixons predicts Olympics will boost sales

Dixons Retail has reported a sharp drop in sales, particularly in the UK and Ireland, but it still feels like it's doing well and the market seems to agree. The group, which includes PC World and Currys, said like-for-like sales in the first quarter in UK and Ireland fell 10 per cent and slid 7 per cent across the total group. …
For Sale sign detail

Dixons warns it's getting worse

The UK's favourite electrical retailer Dixons said this morning that sales are still crap, and getting crapper. For the full year ended 30 April 2011 sales in the UK and Ireland were down 3 per cent on a like-for-like basis. But for the last six months - 28 weeks ended 30 April - sales were down 7 per cent. Pure e-commerce …
John Oates, 12 May 2011
hands waving dollar bills in the air

Dixons warns on crap Christmas

Dixons warned markets this morning that Christmas trading had been worse than expected with like-for-like sales down 2 per cent and margins down 0.2 per cent. The world's favourite IT retailer said it now expects profit before tax to be at the lower end of predictions – between £100m and £110m. Dixons shares fell almost 10 per …
John Oates, 13 Jan 2011
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Dixons' best chance? Quit the UK and move to Sweden

Dixons' best chance of surviving is to close its UK business and concentrate on its Scandinavian business. The cold-hearted claim comes from Morgan Stanley, which studied UK electrical retailing and found the whole sector is making losses. The analysts reckon there is more than 25 million feet 2 of selling space, but a serious …
John Oates, 14 Apr 2011
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Dixons reports huge losses of £224m

Dixons Retail this morning reported whopping losses of £224m for fiscal 2011, after absorbing one-off charges for shutting up shop in Spain and goodwill write-downs of its Greek and online operations. Total group sales for fiscal 2011 ended 30 April including businesses to be closed or already closed fell 2.2 per cent to £8.3bn …
Paul Kunert, 23 Jun 2011
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Dixons warns of tough Christmas

Dixons Retail Group - better known as PC World - has warned of a tough and competitive Christmas season. Tech retailers, along with the rest of the High Street, are heavily reliant on the big boost given by Christmas to bring in the profits. Dixons said sales in the first half of the year had been flat, or up one per cent, at £ …
John Oates, 25 Nov 2010
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Dixons renames itself Dixons

DSGi shares are up slightly this morning after the retail group posted results for the year at the top end of expectations. In the year ended 31 May 2010 DSGi, owner of PC World and Currys, made sales of £8,531.6m, up four per cent on last year or two per cent like-for-like. Pre-tax profit was up 61 per cent to £90.5m. In the …
John Oates, 24 Jun 2010
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Dixons Retail boss pockets £1m in face of consumer meltdown

Dixons Retail chief exec John Browett trousered over £1m in rewards during the most recent financial year, despite the group posting steep losses as it struggled to cope with the consumer meltdown. Browett, who joined Dixons from Tesco in 2007, is masterminding a major cost-cutting drive to turn the losses into profits by …
Paul Kunert, 18 Jul 2011
homeless man with sign

Dixons sales ain't all that

DSGi shares fell very slightly this morning after the company said trading had held steady in the three months ended 24 July. The retailer grew sales by three per cent thanks to strong sales of big tellies in the run up to the football World Cup and an exclusive deal on early iPad sales. It said market share grew in the UK and …
John Oates, 02 Sep 2010
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Report: EE in talks to scoop up 60 Phones 4u stores from troubled High Street retailer

EE is reportedly the latest company to pick over the carcass of stricken British High Street mobile phone retailer Phones 4u, which fell into administration late last week. According to the Sunday Times (£), EE has until tonight to secure a deal to buy 60 stores from Phones 4u. The move comes after rival mobile network Vodafone …
Kelly Fiveash, 21 Sep 2014
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Dixons done for dumping customer info in skip

Dixons has had its wrist slapped for leaving customer details in a skip outside one of its PC World stores. To be fair to the world's favourite tech retailer there were only eight completed credit agreements found, but they did contain customers' personal and financial data. The store concerned was in Northamptonshire, and the …
John Oates, 25 Aug 2010
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Dixons risks future of humanity with Star Wars-themed ads

Dixons has put the future of humanity at risk by beaming a series of ads featuring Star Wars refugees C-3PO and R2-D2 into deep space. The campaign touts its Currys and PCWorld chains. The electronics chain's latest ads will feature the droid pair - including original C-3PO actor Anthony Daniels - breaking into one of the chain' …
Joe Fay, 20 Oct 2010

Phones 4u demise: 1,700 employees laid off with redundo package

The axe fell on nearly 1,700 jobs at Phones 4u last night, a little over a week after the High Street retailer went into administration. It brings the total number of staff laid off with redundancy packages so far to 2,325 – nearly half of the company's workers. The staffers had been based at 700 outlets, including 550 stores, …
Kelly Fiveash, 23 Sep 2014
management cloud2

Kelway flogs ex-Equanet managed services minnow

Kelway has sold managed services minnow Remote IT Monitoring (RITM) to Little Fish Hosting. RITM had been part of the Equanet acquisition that Kelway made earlier this year but it already delivers hosting services via its Peterborough service centre and decided to sell the unit. Dan Laws, managing director at London-based …
Paul Kunert, 08 Jul 2013
Currys PC World New Range

Dixons aims high, medium and low with own-brand blizzard

Dixons is aiming low to high with four new own-brand lines for its PC World and Currys stores. Let's give them a twirl, starting at the bargain basement end and work our way through to the sleek, quite expensive, Scandinavian sounding brand. Currys PC World New Range Currys Essentials was created to make "straightforward …
Caleb Cox, 04 Aug 2010
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Windows 7 saves Dixons

Dixons Store Group International credited the launch of Windows 7 with reducing its losses for the first half of the year - ahead of the all-important Christmas sales beano. DSGi said sales in the six months ended 17 October 2009 were down one per cent to £3.3bn and like-for-like sales were down four per cent overall, but up one …
John Oates, 26 Nov 2009
homeless man with sign

Dixons blames PC World for falling sales

Dixons Store Group saw sales fall six per cent in the last quarter, despite good progress in sexing up its stores. DSG international, owner of PC World and Currys, did worse on its home turf - UK computing sales fell 17 per cent, in sterling, in the sixteen weeks ended 22 August 2009. The firm said reformatting of stores and a …
John Oates, 02 Sep 2009

Opinion

Killer whale

Chris Mellor

Firm cites 'low demand' plus 'abusers'

Tim Worstall

Or why the reversal of globalisation ain't gonna 'appen
The full Spanglish breakfast: mealy pudding, bacon, black pudding, sausages, fried egg, toast
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Trevor Pott

Can the storage giant overcome a lack of necessary leadership?

Features

No, silly... he was the fall guy for years of Finnish folly
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Frodo and the Ring
Microsoft's strategy is to make Store apps popular. Good luck with that