The newly-combined mobile and electrical goods retailer, Dixons Carphone, says that its first quarter trading is a "good start".
Dixons Retail, which owns Curry’s PC World, has reported a decline of 1% in yearly comparative revenues. The revenue for Carphone Warehouse declined by 17%.
The two entities, Dixons Retail and Carphone Warehouse merged in August, in a deal amounting to £3.8bn. The new group is set to join the FTSE 100 on September 22.
The group chief executive, Sebastian James, was very pleased to report a good start to the shared business. He said Dixons Carphone is in a good position to handle the constant change in this particular market and to achieve its goal of improving the lives of their customers, with technology.
Dixons Retail’s like-for-like sales increased 6% in Greece, 4% in the UK and Ireland, and 1% in the Nordic countries. The football World Cup was responsible for a large part of the boost to sales.
The like-for-like sales for Carphone dropped by 6%, mainly due to the difficult trading environment in Southern Europe.
Mr. James stated that their mobile business is still experiencing difficulty in the Portuguese and Spanish trading area.
Related shopping malls and stores:
11 SEPTEMBER 2014, United Kingdom
More about shopping malls in the United Kingdom