The chief executive of Dixons Retail - the owner of Currys and PC World - has said that it can take advantage of the demise of rival Comet. Sebastian James said that it was too early to fully understand the impact of the 236-store Comet chain going into administration, but the development would be "helpful from a market share perspective". After calling in administrators Deloitte this month, Comet has shut down 41 stores and announced plans to close another 125 by the end of the year unless a buyer for the business can be found. Some 70 Comet stores will continue trading until they have sold all their stock. Should a buyer not be found, Comet would be the biggest casualty on the British high street since Woolworths. But speaking as Dixons Retail released its first-half fiscal year results, James told analysts that Currys and PC World were well-placed to pick up Comet's...
- 11/29/2012
- by By Andrew Laughlin
- Digital Spy
Dixons is expected to close around 100 of its stores as part of its ongoing cost-cutting strategy. Proactive Investors claims that parent company Dixons Retail is seeking to reduce the number of branches on its books from 557 to between 420 and 400. The company, which also owns Currys, PC World and Pixmania, is aiming to save £90 million over the next two years through its 'Renewal and Transformation' plan. Chief executive Sebastian James said: "Against a tough economic backdrop, we have continued (more)...
- 6/22/2012
- by By Mark Langshaw
- Digital Spy
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