2020-04-01 REPIC 468×60 header


Published on April 28th, 2021 | by The GC Team


Dixons Carphone announces closure of Travel stores

Dixons Carphone has decided to close its Travel stores following the UK government’s decision to do away with tax-free shopping.

Dixons Travel historically made an annual profit contribution of over £20m and has 35 stores with around 400 staff.

In a full-year trading statement, released today, the retailer said it does not expect passenger numbers to recover sufficiently to compensate for the removal of airside tax-free shopping by the UK Government from 1 January. It was a “difficult decision” to close the business.

The company reported a “strong financial position” for the 51 weeks to 24 April and said it has reimbursed all government support for the £73m of furlough paid to UK&I colleagues during the year.

Group Electricals rose 14% with trading remaining strong since January. Sales growth continued the positive performance seen over the Peak trading period, despite the extended closure of most stores in UK&I and increased restrictions on trading in the Nordics.

Like-for-like revenue growth in UK & Ireland Electricals was up 13%.

Strong growth in online sales also continued in all markets with Group Electricals more than doubling to over £4.5bn for the year.

After the cost of repaying government support, the retailer expects full-year adjusted profit before tax to be broadly in line with the current consensus of £151m.

Dixons Carphone is scheduled to publish its Full Year results on Wednesday 30 June 2021.

Tags: , ,

About the Author


Get Connected is the top trade journal for the UK electricals industry. Its website is the fastest, most interesting and up to date in the business.

Leave a Reply

Your email address will not be published. Required fields are marked *

18 − seventeen =

Back to Top ↑

By clicking "Subscribe", you agree with our terms:
Mud Hut Publishing Ltd will use the information you provide on this form to be in touch with you with relevant news and content. You can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us, or by contacting us at info@gcmagazine.co.uk. We will treat your information with respect. For more information please view our privacy policy.
Stay connected with GC’s regular news updates...