Skip navigation

Gloucestershire Business News

Dixons Carphone profits fall

Dixons Carphone, the parent company of Currys PC World and Carphone Warehouse, said it expects profits to fall, thanks to the challenging mobile phone market.

The company had previously admitted that it had been too slow to win over online shoppers. It is expected it will announce pretax profits in the year to 30th April fell about 22 per cent to £299 million later this week, as reported by Retail Gazette.

Carphone Warehouse has stores Cheltenham, Gloucester and Cirencester and Currys PC World has stores in Gloucester and Cheltenham.

The company is expected to be facing costs from its turnaround strategy, announced six months ago, as well as the changing buying habits of mobile phone customers.

Dixons said more consumers are now buying mobile phones outright, rather than signing up to lengthy contracts. Mobile sales fell by seven per cent in the six months to 31st October, and are expected to be down five per cent for the final three months of the company's financial year.

Related Articles

VIDEO: Gloucestershire company is at the forefront of a technological revolution Image

VIDEO: Gloucestershire company is at the forefront of a technological revolution

This is the year that everything changes and electric vehicles become mainstream and a Gloucester businessman has put his company at the forefront of the revolution.

Profit falls at Gloucestershire's biggest firm Image

Profit falls at Gloucestershire's biggest firm

Operating profit fell and money into the business fell – but do not go feeling too sorry for Gloucestershire’s biggest company.

Profit warning for tile retailer Image

Profit warning for tile retailer

Topps Tiles has warned that full-year profits will be well below expectations, after a sustained period of tough trading.

Record results for housebuilder with a Gloucestershire base Image

Record results for housebuilder with a Gloucestershire base

Completions, revenues and profits were all up for the year at Vistry Group, the housebuilders formerly known as Bovis Homes.

Copyright 2020 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.