Feeds

Dixons predicts Olympics will boost sales

Beach volleyball in 3D ought to shift some tellies

Internet Security Threat Report 2014

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. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
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?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.