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UK Electronics Chain Dixons to Close 100 Stores

By - Source: Proactive Investors | B 7 comments

Dixons has announced plans to shutter 100 of its locations in the United Kingdom.

Dixons, owner of PC World and Currys locations around the United Kingdom, is expected to close as many as 100 locations. Dixons has already closed 50 stores in the past year but it's thought that the company plans to close even more in an effort to cut costs. The news comes from Proactive Investors, which reports that the PC World and Curry's parent company is aiming to reduce the number of UK locations from 557 to between 400 and 420.

At its peak, Dixons had a total of 700 locations. The Telegraph cites CEO of Dixons PLC, Sebastian James, as saying the dynamic of the high street is changing, and that the high street is no longer the place for retailers like Dixons.

"The high street will no longer so much be for players like us, it'll be for restaurants and leisure. I really hope they can be fun buzzy places, but they might not be where people go to shop," he said.

Dixons also reported financial results today, with group like-for-like sales falling 3 percent for the full year, but up 5 percent in the final quarter. The 3 percent decline put like-for-like sales at £8.19 billion (compared to £8.15 billion last year). The company saw growth across most markets, particularly in the UK and Northern Europe. Total pre-tax losses were listed at £118.8 million, compared to pre-tax losses of £224.1 million for last year. 

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  • 2 Hide
    Spanky Deluxe , June 22, 2012 9:21 AM
    Seems like a good idea to me. Every PC World I know of is within 100m of a Curry's store. Having that many stores is a waste of space and money. Especially considering their inventories are near identical and the prices are the same.
  • 2 Hide
    belardo , June 22, 2012 9:26 AM
    So they are like... Best buy?
  • 1 Hide
    blubbey , June 22, 2012 10:16 AM
    belardoSo they are like... Best buy?

    Pretty much.
  • 0 Hide
    SchizoFrog , June 22, 2012 11:58 AM
    They have some crossover ranges with laptops and desktop units but there is a lot you can buy in a PC world that you can't in Curry's and vice verser. I am yet to see a PC World sell a washing machine.
  • 0 Hide
    JeanLuc , June 22, 2012 12:03 PM
    SchizoFrogThey have some crossover ranges with laptops and desktop units but there is a lot you can buy in a PC world that you can't in Curry's and vice verser. I am yet to see a PC World sell a washing machine.


    You haven't been to the store in Tottenham Court road then have you?
  • 0 Hide
    Robi_g , June 22, 2012 12:40 PM
    I thought the companies merged together, they share TV adverts and everything computer related at least
  • 1 Hide
    freggo , June 22, 2012 1:59 PM
    Brick and mortar retail vs Online sales... Inattentive and ill informed 'sales staff' vs Webpages full of detailed info, and links to even more detailed info and reviews. All at a lower price than the Store...

    Does not need a wiz kid to figure out who is going to win in the long run.