Dixons celebrates a good Christmas

Dixons Retail, owner of PC World and Currys, has today reported strong sales for the 12 weeks up to January 5th, including the Christmas period.

Like-for-like sales were up seven per cent, with UK and Ireland doing one better on eight per cent (based on stores open for the full financial year).

European online retailer Pixmania, which is also part of Dixons Retail, did not fare so well and the Group reports it is restructuring that business.

Group gross margins were down 0.5 per cent, primarily driven by product mix – boss Sebastian James admitted that huge tablet sales did contribute to lower margins.

The group full year underlying profit before tax is expected to be in line with market expectations of 75 millionto 85 million.

Sister site PCR has the full story.