17% rise in profit for Dixons Carphone: the 3 ingredients for success every retailer should know
Today we have seen Dixons Carphone announce that its pre-tax profits are up 17% to £447m and its revenues in UK & Ireland have grown by 6%. It seems to be a shining light of hope in an otherwise rather dark retail environment. Over the last few months we have seen some very notable retail failures with Austin Reed and BHS both going into administration. But, as many an analyst will tell you, these are just the tip of the iceberg. The numbers speak for themselves. By May 2016, 14 retailers had gone out of business at a cost of 989 stores and over 20,000 employees. The British Retail Consortium predicts it won’t stop there with a further 900,000 job losses likely by 2020. (more…)
