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Slowdown bites Dixons' Irish sales

British electrical retailer Dixons says sales at its 14 stores in the Republic of Ireland rose by 9% to £61m in the year to May 3.

The company opened two new stores - one Currys and one PC World - in Limerick during the period. When the effect of the new stores was stripped out, sales were 5% lower, with Dixons blaming the slowdown in the Irish economy.

The parent company reported pre-tax profits of £301m, up just 1% from the previous year, with sales up 18% to £5.8 billion.

Profits in its UK operations fell after a disappointing Christmas sales period, but the company was helped by the acquisition of UniEuro in Italy.