BRIEFING: Strong signals from Dixons Carphone
DIXONS Carphone chief executive Sebastian James will on Wednesday unveil the highly anticipated first results since the £3.7billion merger that created the group.
Like-for-like sales at the electricals business were up 4 per cent in the quarter to August 2 after the World Cup boosted TV sales and the group reported some signs of recovery in consumer confidence.
Carphone Warehouse's sales were down 6 per cent in the first quarter, its performance is likely to have improved thanks to the demise of Phones 4U
Since then, trading has received a further boost from high demand on Black Friday, which proved to be a record day.
Web traffic was up fivefold from last year and stores saw significantly increased footfall.
The most popular products included large-screen Samsung TVs, DeLonghi coffee machines and Hotpoint washing machines. While Carphone Warehouse's sales were down 6 per cent in the first quarter, its performance is likely to have improved thanks to the demise of Phones 4U. Carphone took on 800 staff from its rival following its collapse in September.
