06 September 2012 10:43
Dixons Retail, the owner of PC World and Currys, benefited from its rivals' misfortunes in the 12 weeks to July 21st, posting a further improvement in sales figures at its UK and Ireland business.
Challenges faced by rivals Comet and Argos as well as strong demand for consumer electronics earlier this year saw underlying revenues rise 7% in the UK and Ireland for the 12 weeks to July 21st. This enabled the business to weather the impact of the eurozone crisis on its southern European arm, with wider group underlying sales 5% higher in the quarter. Sales in northern Europe jumped by 13%.
Whilst August has proven to be quieter across some of its markets, it said the launch of the Windows 8 operating system and new products in the run-up to Christmas should benefit the business.