Comet demise to benefit Dixons

0
Have your say

The boss of Dixons Retail today said the Currys and PC World owner was poised to take advantage of the demise of rival Comet.

Chief executive Sebastian James said the group is “outpacing” its competitors and will benefit after Comet fell into administration earlier this month.

Mr James said there may be some disruption while Comet completes the “fire-sale” of its stock, but Currys and PC World are well placed to pick up customers.

Comet’s administrators Deloitte yesterday announced a further 125 store closures, leaving 70 remaining, which will only stay open while stock is cleared.

Meanwhile, Dixons Retail saw like-for-like sales in the UK and Ireland rise three per cent in the 24 weeks to October 13 as customers bought new televisions during the summer of sport.

But the group still made an underlying pre-tax loss of £22.2m over the period, down from a £25.3m loss in the same period last year.

Back to the top of the page