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TVs help turn Dixons volume up

British electrical goods retailer Dixons says sales in its 14 Irish stores rose by 31% to £33m (€42m) in its first half to November 15.

The company - which owns Dixons, Currys and PC World - this morning beat forecasts with higher Christmas sales, helped by strong demand for flat screen TVs and digital cameras.

Dixons, which shocked investors with a profit warning this time last year, said sales at stores open more than a year rose 5% in the eight weeks to January 10, including a 4% rise in the UK. Analysts had expected growth of 2-3%.

Dixons also said profit before tax and goodwill rose 9% to £105.7m in the 28 weeks to November 15, in line with analysts' expectations. Group like-for-like sales in the period rose by 1%, though UK sales were flat.

Many of Britain's retailers have had a tough Christmas as a November hike in interest rates exacerbated a slowdown in consumer spending growth. Electrical goods shops have had an extra challenge from stiff competition from supermarkets.