IPhone X boosts Dixons Carphone sales

Sheri Evans
January 22, 2018

James will join the Walgreens Boots Alliance this summer before taking up his new positions at the beginning of the new fiscal year on September 1.

The best performing regions were Greece and the Nordics, which delivered LFL revenue growth of 23% and 11% respectively.

Analysts are forecasting a 2% rise in overall United Kingdom like-for-like sales over the 10 weeks to January 6, which would mark a slowdown on the 3% growth in the second quarter.

Festive trading figures from Dixons Carphone on Tuesday are set to show ongoing woes in its mobile phone arm as the retailer battles to halt sliding sales in the division.

Ian Livingston, Chairman of Dixons Carphone plc, said: "Seb has made an outstanding contribution to both the creation and success of Dixons Carphone". He will be replaced by Alex Baldock, now the boss of online retailer Shop Direct PLC.

The electricals seller revealed group sales growth of 4pc for the 10 weeks to January 6 as it confirmed the departure of chief executive Sebastian James this morning.

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Dixons confirmed this morning that he will be replaced by Alex Baldock, who now runs online retailer Shop Direct.

"Looking forward we continue to keep our antennae twitching for any material change in consumer behaviour, but remain relentless in our focus on providing the best value, choice, and service to our consumers".

As a result, the retailer narrowed its full-year forecast to a profit before tax of £365 million to £385 million, compared to a previous target of £360 million to £400 million.

"Together, I think that we can be very proud of the profound transformation that we have seen in Dixons Carphone and the sound footing, customer affection, and place in the world that it now enjoys".

Dixons announced plans in December to reposition its mobile phone business after a 60 percent slump in first-half profit, hurt by customers keeping their handsets longer. The group is now the market leader in eight countries.

It said on Monday its gross margins would continue to be challenged in the mobile sector, but the phasing of the iPhone launch and other new offers helped it increase its mobile revenue by 8 percent.

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