Feeds

Dixons predicts Olympics will boost sales

Beach volleyball in 3D ought to shift some tellies

The essential guide to IT transformation

Dixons Retail has reported a sharp drop in sales, particularly in the UK and Ireland, but it still feels like it's doing well and the market seems to agree.

The group, which includes PC World and Currys, said like-for-like sales in the first quarter in UK and Ireland fell 10 per cent and slid 7 per cent across the total group.

The British and Irish have shown a continued lack of confidence in the ability of their economies to pull out of the global recession and are hanging onto their money against further inflationary pressures on their household budgets. Technology retailers have been particularly hard-hit, relying as they do on the willingness of people to pay for big-ticket items.

But Dixons felt it wasn't entirely fair on the group to compare this summer to last summer, when it had the World Cup pushing TV sales as well as the launch of the iPad. However, it admitted that "underlying market conditions have remained challenging this year". The group said this quarter's results were as it anticipated and it was also on track for its full year expectations.

Chief executive John Browett said he was feeling good about next summer, with the London Olympics and other sporting events helping to boost sales of 3DTVs, the Financial Times reported.

He added that the company wasn't expecting to suffer financially from having some of its stores looted in the riots in August, as insurance payouts would cover the damage.

And his positive attitude, along with Dixons' explanations for the drop, seemed to be carrying weight in the market, as shares were rising in early morning trading following the announcement. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.