O2 cuts ties with Carphone Warehouse as retailer plots store closures April 1, 2020 O2 has cut commercial ties with Carphone Warehouse after the mobile operator refused to accept revamped terms for their partnership. The tie-up, which has been in place for two decades, saw Carphone Warehouse take a commission for its sales of O2 phone contracts in store and online. But the longstanding relationship came to an end [...]
Dixons Carphone posts surge in online shopping as Brits work from home March 26, 2020 Dixons Carphone has reported a huge increase in online sales as Brits splash out on laptops, TVs and kitchen appliances to cope with coronavirus quarantine. The retailer today posted a 72 per cent increase in online sales of electrical goods in the three weeks to 21 March. The boost was driven by booming demand for [...]
Carphone Warehouse to axe 3,000 jobs as it shuts all standalone stores March 17, 2020 Carphone Warehouse today said it will axe 2,900 jobs under plans to close all 531 of its standalone stores. Parent company Dixons Carphone said the radical move was caused by changes in the mobile market, rather than the coronavirus outbreak. The firm said 40 per cent of impacted colleagues were expected to take new roles [...]
‘Clerical error’ wipes out Dixons Carphone’s sales growth January 21, 2020 Dixons Carphone was left red-faced today as it admitted that its sales growth figure actually represented a decline. The retailer updated the stock market on its Christmas trading figures this morning, telling investors it had enjoyed a two per cent rise in reported sales. However, six hours on Dixons Carphone reversed the number into a [...]
Dixons Carphone faces investor backlash over CEO share award August 29, 2019 Electrical goods retailer Dixons Carphone is facing an investor backlash over a share award handed to its chief executive despite a fall in the company’s share price. An estimated 15 per cent of the company’s investors are expected to oppose the remuneration report following a recommendation from shareholder adviser Institutional Shareholder Services, Sky News reported. [...]
McAfee sues Dixons Carphone over alleged breach of software contract August 18, 2019 Cybersecurity firm McAfee has sued Dixons Carphone over claims the retailer breached a contract to promote its software and instead marketed products made by one of its rivals. McAfee has alleged that Dixons failed to honour an agreement to exclusively promote its products in its stores, which it said will cost the company more than [...]
Dixons Carphone shares plunge as it swings to £259m loss June 20, 2019 Dixons Carphone swung to a £259m loss in its latest full financial year, it revealed today, as the retailer warned investors of “more pain” to come. The revelation that Dixons expects fresh losses from it UK mobile division sent shares down 20.5 per cent to 99p in early morning trading. Read more: Dixons Carphone must [...]
Sir Philip Green loses his billionaire status May 12, 2019 Sir Philip Green has lost his billionaire status, rounding off a torrid 12 months for the scandal-hit fashion mogul. For the first time since 2002, Green can no longer count himself a member of the billionaires club after seeing his personal fortune halve over the course of the last year. The Topshop tycoon and his [...]
Dixons Carphone enjoys gaming boost but signals more trouble in mobile market January 22, 2019 Dixons Carphone retained its full-year profit guidance this morning as a surge in gaming and super-size TV sales over the crucial Christmas trading period helped counter a persistent slump in demand for postpaid mobile phones. Buoyed by foreign demand from markets such as Sweden, Denmark and Greece, the FTSE 250 kept its profit guidance of roughly [...]
Dixons Carphone sinks to £440m loss, sending share price falling December 12, 2018 Dixons Carphone sank to a huge loss in its half-year result today, as a £500m writedown in its Carphone Warehouse division weighed the company and its share price down. The figures Dixons swung to a £440m loss for the six months to the end of October after paying out £490m in impairment charges for a restructure of [...]