Dixons to close 134 stores after revealing megastore plans

Dixons Carphone is to close 134 stores as part of its merger process which will see the firm create three-in-one megastores.
Dixons Carphone: closures announcedDixons Carphone: closures announced
Dixons Carphone: closures announced

It plans to combine its remaining PC World and Currys stores and install a Carphone Warehouse outlet into each of them.

Despite the mass closures, the move is not expected to result in any job losses, instead even more posts could be created.

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Group chief executive, Seb James, said: “We are very confident that the impact on sales and colleague numbers will be neutral or better.”

He told the BBC: “When we build one beautiful, refitted new 3-in-1 superstore and we have one great Carphone Warehouse in town... sales go up and also we end up usually needing more colleagues to work on the shop floor.”

Around £50 million will be invested in refitting the stores and there will be a £70m provision to cover shop closures and other costs. The company is confident, though, that the changes will bring in an extra £20m a year profit from next year onwards.

The announcement came as the mobile phone and electrical goods firm announced a record Black Friday amid strong Christmas trading with the group taking £140m on Black Friday alone.

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