Feeds

Dixons downbeat as UK sales dip

Up overseas

Internet Security Threat Report 2014

Dixons is continuing to suffer from the effects of weak consumer spending in the UK and remains "cautious", the high street electricals giant said today.

Publishing figures for the 16 weeks trading to August, the retailer revealed that like-for-like sales in the UK were down 3 per cent, hit hard by a dip in demand for items such as washing machines and fridges.

But the retailer is also under pressure from falling hardware prices for computers and communications kit.

The bright spot for Dixons came from its expanding overseas operations where it saw sales rise 5 per cent on a like-for-like basis.

Speaking ahead of the company's AGM chief exec John Clare said that the summer was usually a quiet period for the firm and that it was too early to read too much into the trading update.

Faced with what he described as a "relatively challenging period", he pledged to continue to drive sales while keeping a lid on costs.

"We are pleased with the progress of our International operations, whilst we remain cautious about prospects in the UK, where we have experienced the slowdown in consumer expenditure," he said.

By coffee break this morning shares in Dixons were up 2.79p (2 per cent) at 156.75p. ®

Beginner's guide to SSL certificates

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.