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Articles about Dixons Retail

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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
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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
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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
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 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

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
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
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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

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

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
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
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

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 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
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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
homeless man with sign

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 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
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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 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
hands waving dollar bills in the air

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
Inside of O2's new space

Apple retail boss Browett bags $1.74m of shares

The allure of leading Apple's store strategy, coupled with a generous restricted stock package of 100,000 shares, currently valued at $623 a unit, saw Browett flee the CEO's office at Dixons Retail in January. In the SEC document, Apple revealed the Brit received 5,000 shares but 2,159 were sold for tax withholding purposes. He …
Paul Kunert, 24 Oct 2012
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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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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. …
globalisation

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
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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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
ho, ho, ho

Don't PANIC, but these SMARTWATCH-stuffed boxes are going NOWHERE

Santa's sack may be bulging this Chrimbo but it'll be slabs rather than smartwatches weighing the old boy down. Analysts have given the wrist jewellery – described just a few months ago as "the most important new product category in consumer electronics since the iPad defined the market for tablets" – a thumbs-down. They claim …
Paul Kunert, 21 Nov 2013
iMiev Police Special

Police mirth after plastic plod puts out call for 'PC World'

A plastic plod was left red faced after issuing a call to other forces to find a Police Constable World. The mistake was made when the Police Community Support Officer (PCSO) was skimming through evidence and found what she thought was the officer's name attached to a bundle of cash. In actuality, the money was seized at the …
Paul Kunert, 19 Nov 2012
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Comet staff should be for life, not just for Christmas

Dixons Retail is throwing a lifeline to beleaguered Comet staff awaiting the arrival of their P45s by offering some of them seasonal work in its PC World and Currys stores over the peak Christmas season. Administrator Deloitte took control of Comet late on Friday after the ailing retailer ran into insurmountable liquidity woes. …
Paul Kunert, 07 Nov 2012
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Equanet asks Propaganda firm to help it shed box-shifter tag

Mid-market reseller Equanet has charged brand consultancy Propaganda with helping to shake off its box-shifter image. The Dixons Retail-owned business recently underwent a change at the top, with Phil Birbeck becoming chief of the group's ailing web shop PIXMANIA and biz development head Felix Stauber replacing him. A "brand …
Paul Kunert, 24 Oct 2012
Square Group new premises

Comet brand yanked from its grave: Tycoon vows to open EIGHTY new stores

Electronics retail entrepreneur Clive Coombes is trying to revive the Comet brand name by launching 80 stores over the next two years - and is looking for foolhardy brave investors to support him. In his blog, written in the third person, Coombes, who tried but failed to buy Comet from administrator Deloitte, revealed he has …
Paul Kunert, 19 Aug 2013
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Comet confesses: The receivers are among us even now

Comet has finally confirmed that administrative receivers will be landing on its door step early next week. It is understood that Deloitte will review the options for the ailing retailer which include selling it as a going concern, scaling it back or liquidating it. A spinner at the chain told The Channel: "Comet Group Limited …
Paul Kunert, 01 Nov 2012

John Lewis agrees to flog Microsoft's Surface RT tablets

Microsoft has brought in premium retailer John Lewis to flog its Surface RT slablet just days after shooting down its pure direct sales strategy. Redmond confirmed on Wednesday that it was enlisting a network of retailers to push its device in Europe from next year, claiming it was ramping production to meet demand. This is …
Paul Kunert, 14 Dec 2012
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Cashless Comet to close 41 stores, axe 500 jobs

Collapsed electricals retailer Comet is to shutter 41 stores over the next fortnight, administrator Deloitte has confirmed. So far Dixons Retail and Maplin are among the rivals circling the fallen retailer, although it appears the two are interested in just a handful of stores. As a result the closing down process began at 27 …
Paul Kunert, 19 Nov 2012
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Darth Vader mounts defence of doomed empire

Dixons Retail is turning to the dark side this Christmas by hiring jackbooted camp war mongerer Darth Vader to star in a marketing campaign. The parent of Currys and PC World wants to make hard-pressed shoppers aware of improvements in customer service at its chains, though Vader is a strange choice as he couldn't muster his …
Paul Kunert, 01 Nov 2011
tumbling dice

Stand back, everyone! Dragons' Den ace HAS FOUND THE CLOUD

The wait is almost over for any Brit wanting to take a punt on a homegrown cloud services firm: the UK-based Outsourcery is poised to list on the Alternative Investment Market (AIM)* this Friday. The Manchester-headquartered business is placing a little more than 11.5 million Ordinary Shares at 110 pence giving it a market …
Paul Kunert, 22 May 2013
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Comet train set for SMASH, staff can only hope to be in right carriage

Penniless Comet's network of UK stores is on the brink of break up as staff enter a "collective consultation" over potential redundancies. In a letter to the electrical chain's workers, administrator Deloitte warned that if it is unable to sell the business as a going concern, it will be forced to flog bits and pieces to …
Paul Kunert, 15 Nov 2012
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Micro Anvika shutters stores, axes staff in fight for life

Troubled Tottenham Court Road retailer Micro Anvika's short-term future is looking more secure after suppliers gave its proposed rescue package the thumbs up. The move came at a cost, however: the firm has shuttered more than half its stores and laid off more than 60 per cent of staff in a bid to convince creditors, owed £2.7m …
Paul Kunert, 01 May 2012
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Best Buy shuttering 50 stores, laying off staff in $800m cost slash

Months after beating a retreat from the UK struggling retailer Best Buy is to shutter 50 stores in the US as part of a multi-year $800m (£500m) cost reduction programme. The experiment in Blighty which cost Best Buy and its joint venture partner Carphone Warehouse (CPW) £200m ended in January but the after effects were felt in …
Paul Kunert, 30 Mar 2012
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Best Buy slams brakes on UK stores amid spending freeze

A slowdown in consumer spending looks set to derail Best Buy's expansion plans in the UK with the launch of 80 new megastores to be put on the back burner. The US retailer opened the doors to its first UK flagship store in Essex towards the end of April 2010 and has since cut the ribbon on another nine including branches in …
Paul Kunert, 13 Jun 2011
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'Perfect storm' drives electronics stores to EXTINCTION

The window of opportunity for traditional bricks-and-mortar consumer electronics retailers to catch up with web-based and supermarket rivals has closed and many more will go the way of the dinosaur. So says channel beancounter Canalys, which predicts others will follow in the footsteps of monolithic consumer outlets such as Best …
Paul Kunert, 19 Apr 2012
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Demon Currys iPad showered kids with HARD-CORE smut

Dixons Retail has issued a grovelling apology after a demon fondleslab possessed with porn beamed smut directly into the eyes of children at a Currys store in Surrey. According to a report in the Surrey Comet, a distressed mother, who asked to remain nameless, said her three children were confronted with the filth on entering …
Paul Kunert, 25 Nov 2011
fingers pointing at man

PC World website went titsup on Boxing Day

Computer retail outfit PC World suffered an embarrassing website outage on Boxing Day, which is traditionally seen as one of the biggest online shopping days of the year. But customers hoping to hunt down computer sales’ bargains from the comfort of their armchair on Sunday were unable to access the PC World site. The Register …
Kelly Fiveash, 29 Dec 2010

Opinion

Microsoft Surface bomb
Killer whale

Chris Mellor

Firm cites 'low demand' plus 'abusers'

Tim Worstall

Or why the reversal of globalisation ain't gonna 'appen

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