Articles about Sebastian James

Dixons Carphone Warehouse

Dixons and Carphone Warehouse confirm £3.7bn MEGA-BORG

Dixons Retail and mobile phone shop Carphone Warehouse have confirmed their £3.7bn merger after months of talks, creating one of the biggest retailers in Blighty. Dixons, which already owns Currys and PC World, will combine with the mobe-purveyor to form Dixons Carphone in a 50:50 merger, rather than an acquisition of one side …
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Carphone Warehouse, Dixons return from honeymoon with injured numbers

The marriage between Carphone Warehouse and Dixons is already affecting one partner's career, with the mobe peddler reporting a disappointing 17 per cent fall in revenue. The two firms announced a £3.8bn merger just over a month ago, with stock market trading beginning on 7 August. But the happy couple's first quarter numbers …
Jasper Hamill, 09 Sep 2014
Red pen

Dixphone's half-year P&L accounts are in. So much RED INK

Fewer arch enemies and a brighter economy should help Frankencorp - the merged Dixons and Carphone Warehouse organisation - oil the wheels of commerce. It's done that with gusto in the six months since the union was sealed. The business Wednesday reported a five per cent year-on-year sales spike to £5.02bn for the first 31 weeks …
Paul Kunert, 17 Dec 2014
Dixons Carphone Warehouse

Newly spawned Dixons Carphone leaps onto LSE as £12bn sales org

The shotgun wedding between hard-pressed consumer biz Dixons Retail and Carphone Warehouse was consummated today as the £12bn turnover borg started trading on the London Stock Exchange. The merger between Dixons Retail, owner of Currys and PC World, and Carphone Warehouse was first announced back in May. Dixons Carphone - …
Jasper Hamill, 07 Aug 2014
Santa Claus on his laptop

Boxing Day sales bubble boosts Dixons - but don't hit the champers just yet

UK saps shoppers spent more than £100,000 a minute at Dixons Retail during the Boxing Day sales helping to drag it into growth during the Christmas quarter for the second consecutive year. But CEO Sebastian James held off talking up any recovery given the torrid time that many electronics retailers have faced in the past four …
Paul Kunert, 16 Jan 2014

Carphone Warehouse, Dixons embroiled in £3.7bn merger rumour

Sir Charles Dunstone once told your humble correspondent that he would never have more than 50 shops. Today his Carphone Warehouse empire has more 2,000 shops across Europe, and is rumoured to be about to add another 500 – through a merger with PC World and Currys owner Dixons. Discussions have been going on since February, we' …
Simon Rockman, 08 May 2014
Santa Claus on his laptop

Santa brings Dixons £31m profits as ghost of Comet is laid to rest

Christmas has come early for the bosses of Dixons Retail Group, which has announced an encouraging boost in profits and sales. Dixons, which also owns Currys and PC World, said its sales were up thanks to steady cutting of less profitable subsidiaries. In the UK and Ireland, operating profits surged up to £31.4m, five times the …
Team Register, 17 Dec 2013

Have PIXmania. In fact, have £59m with it too, Dixons tell German VCs

Dixons Retail has forked out £59m to convince German venture capitalist mutares AG to take loss-making web shop PIXmania off its hands. And so ends the retail firm's costly flirtation with the online gadget souk seven years after it coughed €266m for a 77 per cent stake in the biz and a little over a year after it bought the …
Paul Kunert, 27 Sep 2013

Dixons in talks to offload loss-making online mart PIXmania

Dixons Retail confirmed this morning it is trying to offload loss-making web bazaar PIXmania to German-listed industrial holding company mutares AG by dangling a multi-million pound dowry to fund operations. The retailer says it will now enter a consultation period with PIXmania's Work Council, in line with French labour laws ( …
Paul Kunert, 05 Sep 2013
Windows 7 gurus

Not even Comet crashing into Earth can keep Dixons out of the red

Dixons Retail has reported massive losses due to one-off charges from the restructuring of PIXmania, and a reshuffle at its HQ following the sale of its B2B reseller operation Equanet. The LSE-listed group told the City this morning that it made pre-tax losses of £115.3m in the year to 30 April, albeit narrower than the £118.8m …
Paul Kunert, 20 Jun 2013
ho, ho, ho

Dixons steps over Comet's bloodied body to nab bonus Xmas sales

Blighty's High Street is in meltdown, but Dixons Retail bucked the gloomy trend and reported relatively decent sales growth over Christmas. The chain reckons it successfully hoovered up trade from fallen rivals. According to figures filed for the 12 weeks to 5 January, sales by the parent of Currys and PC World were up four per …
Paul Kunert, 17 Jan 2013
dixons

Dixons returns to profit in UK, rubs hands as Comet circles drain

Dixons Retail says it's positioned to capitalise on Comet's collapse as the firm returned to profit in the UK for the first time in five years. Group challenges still remain, however, with gadget souk PIXmania still performing "poorly" and those pesky penniless peeps in Southern Europe dragging numbers down. Pre-tax losses for …
Paul Kunert, 29 Nov 2012
dixons

Dixons feasts on corpse of Comet, chortles over 'slab bonanza

PC World and Currys helped steer sales growth at Dixons Retail in fiscal '13 ended 28 April against the background of a land grab for fallen Comet's trade and a boom in slablets. In a trading statement today - preliminary numbers are filed on 20 June - the retail mammoth said like-for-like Q4 sales climbed seven per cent on a …
Paul Kunert, 16 May 2013
Wireless_Christmas_Tree

Comet staff should be for life, not just for Christmas

Dixons Retail is throwing a lifeline to beleaguered Comet staff awaiting the arrival of their P45s by offering some of them seasonal work in its PC World and Currys stores over the peak Christmas season. Administrator Deloitte took control of Comet late on Friday after the ailing retailer ran into insurmountable liquidity woes. …
Paul Kunert, 07 Nov 2012
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Dixons Retail flogs Equanet to serial swallower Kelway

Dixons Retail has offloaded mid-market and public sector reselling outfit Equanet to hungry channel player Kelway. It is nearly eight years since Dixons acquired the company, considered to be one of the stronger mid-market players in the UK, but its reputation has since waned. It was the subject of serious cost-cutting by its …
Paul Kunert, 07 Mar 2013
dixons

Dixons: We had a good summer, though southern Europe was a drag

Dixons Retail says a "busy summer of events" helped maintain momentum in its UK and Irish operations as sales climbed 7 per cent, but it's not yet ready to crack open the bubbly. Revenue growth at group level for fiscal Q1 ended 21 July was less marked: up 5 per cent, as a 13 per cent climb in northern Europe and the sales rise …
Paul Kunert, 06 Sep 2012
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Horde of customers storms Dixons – too late to save 2012 sales

A late flurry of consumer spending in the UK boosted Dixons Retail's Q4 sales but came too late to prevent a full-year fiscal 2012 decline, the firm revealed in a trading statement. Same-store revenues fell 3 per cent in the retailer's financial year ended 28 April but were down 1 per cent over the half-year period and actually …
Paul Kunert, 10 May 2012
The Register breaking news

Brit retailers tell Amazon and Google to pay their taxes

British retailers have been calling on overseas firms that make a profit in Blighty to pay their tax in the country as well. Dixons boss Sebastian James tweeted that he agreed with John Lewis chief Andy Street, who said on Wednesday that Amazon can use its tax position to get one up on UK companies. "There is less money to …
axe_channel_teaser

Comet administrator Deloitte triggers ejector seats under 330 staff

Comet administrator Deloitte has swung the axe for the first time since it was brought in to take control of operations with 330 support staff getting the chop. Biz advisory outfit Deloitte confirmed 99 staff at the Rickmansworth HQ, 53 from the operation in Hull and 42 in the call centre in Clevedon were told of their fate on …
Paul Kunert, 12 Nov 2012
dixons

Dixons Retail: A mirror held up to Europe

Dixons Retail's top and bottom lines slipped in fiscal 2012 ended 28 April, according to preliminary results. Group pre-tax profits fell to £70.8m, down from £85.3m in the previous financial year and sales dipped three per cent to £8.05bn, compared to £8.3bn in fiscal 2011. The total loss before tax narrowed to £118.8m from £ …
Paul Kunert, 21 Jun 2012

Dixons bigwig dispatched to salvage gadget souk PIXmania

Updated Dixons Retail is understood to have placed Equanet boss Phil Birbeck in charge of its loss-making online operation PIXmania after coughing €10m (£7.86m) to buy the founders' remaining shareholding. Birbeck took control of Equanet, the IT reseller arm of the consumer giant, at the start of 2010 having previously headed up the now …
Paul Kunert, 10 Aug 2012
For Sale sign detail

Dixons to set up concession in Harrods

Dixons Retail will try to flog PCs and other consumer goodies to tourists and local toffs when it opens a concession in Harrods early next year. The ailing retailer swapped the High Street for out-of-town trailer trading parks in recent years as part of its turnaround strategy, but is looking to raise brand equity by setting up …
Paul Kunert, 25 Jul 2011
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Apple lures Dixons boss Browett to run global retail biz

Channel bully boy Apple has nabbed Dixons chief exec John Browett to head up its worldwide retail biz. Browett - who has presided over the struggling UK consumer giant since 2007 - will step down from the board on 20 February and leave on 20 April. He will be replaced by group operations director Sebastian James, will be plonked …
Paul Kunert, 31 Jan 2012
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Report reveals patchy ICT provision in schools

The standard of technology provision in schools varies widely, despite spending of £487m on ICT equipment and services last year, according to the findings of independent review commissioned by the education secretary Michael Gove. Sebastian James, group operations director at Dixons Retail, was commissioned to lead the review …