In its first quarter to the end of July, the Currys and PC World owner posted a 4 per cent rise in like-for-like sales across the United Kingdom and Ireland.
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“We are delivering pleasing growth in all markets and continued high levels of customer satisfaction, and, thus far, continue to see no detectable impact of the Brexit vote on consumer behaviour in the United Kingdom”, he said.
Dixons Carphone report strong sales and good footfall as they shake off Brexit fears.
Many remain skeptical however, notably John Lewis managing director Andy Street stated yesterday that he thought consumer confidence hadn’t returned to pre-Brexit levels.
Pokemon Go has also had a positive effect on sales as consumer’s flock to buy portable chargers, seeing sales nearly double.
The retailer said its new eCommerce platform for Carphone Warehouse is now live, and its 3-in-1 property programme – housing Carphone, Currys and PC World under one roof – is “well on track”. This has been delivered on time, and slightly better than budget.
The disruption is having an impact on sales as stores are shut down, knocking around 1% off its United Kingdom like-for-like sales growth in its latest quarter, although the company said this was offset by a 1% benefit thanks to the transfer of sales to new superstores from the closed outlets.
The firm plans to eventually open 500 outlets in the US.
In contrast, its UK & Ireland business increased revenue by 4%, but the performance took a 1% blow from store refurbishments.
And investors were also feeling positive about the company, with shares up 3.5 per cent in early trading this morning.
The retailer’s overseas operations also delivered robust like-for-like sales growth in its first quarter, up 13 per cent in Southern Europe driven by Greece and 2 per cent higher in the Nordics.
‘In the United Kingdom this is being delivered across the cohort of electricals and we are encouraged that the 3-in-1 store rationalisation programme is on track’.
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He explained that the implementation of honeyBee is also going well at Sprint, and the company has a strong pipeline of potential new honeyBee clients.
