In late 2014 the UK lost Phones 4U, a well-known phone retailer. Now Dixons Carphone (a merger between Dixons and Carphone Warehouse from 2014) will close 11% of its UK stores, totaling 134 stores.
That’s not bad news though. The company says it has been doing this on a small scale for a while now and that experience makes it confident that the impact on sales and employee numbers will either be positive or at worst neutral.
Here’s the plan – PC World and Currys will merge into a single store, which will have a Carphone Warehouse section inside.
Dixons Carphone will have to spend around £50 million on refitting the stores, plus £70 million on exit costs. It does expect £20 million in recurring cost savings.