Dixons Carphone is closing 134 stores… but it’s not actually bad news

The £120m move could CREATE jobs

Dixons Carphone is set to close 134 stores, in a move that could actually make more jobs.

“Hold up… what?” I hear you ask.

Well, the phone and electronics retailer is set to combine its remaining Currys, PC World and Carphone Warehouse stores, meaning the company might even hire extra staff.

“We are very confident that the impact on sales and colleague numbers will be neutral or better,” group chief executive Seb James told BBC Radio 5live.

“When we build one beautiful, refitted new 3-in-1 superstore and we have one great Carphone Warehouse in town… sales go up and also we end up usually needing more colleagues to work on the shop floor.”

The move is set to cost £50m in refitting stores and £70m in shop closures and other costs but will add £20m a year in profit from 2017, the company expects.

 

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