Feeds

Dixons predicts Olympics will boost sales

Beach volleyball in 3D ought to shift some tellies

Choosing a cloud hosting partner with confidence

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. ®

Remote control for virtualized desktops

More from The Register

next story
Bladerunner sequel might actually be good. Harrison Ford is in it
Go ahead, you're all clear, kid... Sorry, wrong film
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'
Former CEO has political ambitions again, according to Washington DC sources
prev story

Whitepapers

Free virtual appliance for wire data analytics
The ExtraHop Discovery Edition is a free virtual appliance will help you to discover the performance of your applications across the network, web, VDI, database, and storage tiers.
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.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
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?
Business security measures using SSL
Examines the major types of threats to information security that businesses face today and the techniques for mitigating those threats.