Weekend reports on Dixons Retail store closures
“More than 100 stores to go” confirms last week's Dixons statement
Reports have been emerging over the weekend of Currys and PC World owner Dixons Retail’s plans to close or consolidate around 100 stores in the UK as part of the Group’s ongoing Renewal & Transformation plan. These, on examination, just confirm the statement that came with the Group’s financial results last week.
As already reported on this website (21st June), Dixons said in a statement with its financial results last week that the Group was looking at 400 to 420 stores as its ideal UK estate. The Group currently has 557 stores in the UK, and the programme of closures and consolidations, which would, said Dixons last Friday, take place as leases come up for renewal, appears to be in line with that statement, as reported on this website on 21st June:
“We have analysed the store estate as we increasingly integrate online and stores and currently believe that in the UK we need 400 to 420 stores to provide the right level of service and convenience for customers. This includes approximately 40 high street stores similar to our CurrysPCWorld Black store in the Westfield centre, Stratford with the remainder large out-of-town stores (Megastores and Superstores), predominantly in the 2-in-1 format.”