Almost a year since Phones 4U fell into administration, Dixons Carphone has posted an 8% increase in like-for-like sales as it piggybacks off the collapse of its former rival retailer. This figure rises to 10% when focused on the UK and Ireland.
Group Chief Executive Sebastian James blamed a less impressive 4% increase in the Nordics on a “slightly less buoyant market backdrop” and praised the Group’s overall performance during the quarter. Like-for-like revenues in Southern Europe flat-lined during the period, though trading improved in Spain and even Greece, despite marketing challenges.
The electronics giant said that the domestic market was the key driver, boosting revenue increase across its territories. James added that the sales of ultra-HD TVs and fitness gadgets have jumped.
“Our multi-channel proposition continues to make good headway against our competitors, both on and offline, and we continue to invest in those areas that will ensure our long term profitability: service, delivery options, expansion of free warranty, digital marketing and Norwegian price competitiveness.