Dixons Carphone to close down 11% of UK stores, merge the remainder
In late 2014 the UK lost Phones 4U, a well-known phone retailer. Now
Dixons Carphone (a merger between Dixons and Carphone Warehouse from
2014) will close 11% of its UK stores, totaling 134 stores.
That's not bad news though. The company says it has been doing this on a small scale for a while now and that experience makes it confident that the impact on sales and employee numbers will either be positive or at worst neutral.
Here's the plan - PC World and Currys will merge into a single store, which will have a Carphone Warehouse section inside.
Dixons Carphone will have to spend around £50 million on refitting
the stores, plus £70 million on exit costs. It does expect £20 million
in recurring cost savings.
That's not bad news though. The company says it has been doing this on a small scale for a while now and that experience makes it confident that the impact on sales and employee numbers will either be positive or at worst neutral.
Here's the plan - PC World and Currys will merge into a single store, which will have a Carphone Warehouse section inside.
Dixons Carphone will have to spend around £50 million on refitting
the stores, plus £70 million on exit costs. It does expect £20 million
in recurring cost savings.
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