Comet Effect: Sales Up At Currys And PC World

Written By Unknown on Kamis, 17 Januari 2013 | 14.47

Dixons reports strong sales across the UK and Ireland over the Christmas period, as "phenomenal" sales of tablets help boost its results.

The owner of Currys and PC World said like-for-like sales were up 8% over the 12 weeks to January 5, and were 11% higher in northern Europe.

Sales fell 8% in central and southern Europe, which is facing tough austerity measures and high unemployment, although the company said it was trading "ahead of weak local markets" in Italy and Greece.

The company's chief executive Sebastian James said customers had responded well to its range of products, offers and service.

"Our key multi-channel businesses delivered an encouragingly strong result during the Christmas period, particularly in the UK & Ireland and in Northern Europe," he said.

"Tablet sales were phenomenal across our markets, which was good to see but which impacted overall headline margins somewhat.

"White goods were also strong, particularly in the UK."

Dixons is sure to have benefited from the collapse of its rival Comet in November last year, which kicked off a string of high street casualties over the festive season.

Since the new year, camera retailer Jessops and entertainment chain HMV have both called in administrators.

Blockbuster, the DVD rental chain, collapsed on Thursday in the face of increasing competition from its online rivals.

Meanwhile, Argos said that 42% of its sales over the Christmas period were online, as it reported a 2.7% hike in like-for-like sales in the 18 weeks to January 5. 

The store's owner, Home Retail Group, said it is working to "reinvent" the chain as a "digital retail leader", noting that sales on mobiles weer up by 125%. 

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