ELECTRICAL retailer Dixons today warned it had seen no pick up in the pace of sales growth though profit margins were slightly ahead of last year.
The UK’s largest retailer of consumer electronics is facing intense competition ahead of the key festive trading period and awaiting a decision on how regulators propose to curb the sale of extended warranties. It said like-for-like sales at its UK stores were flat in the first half, covering the 28 weeks to November 15, while group underlying sales were up one per cent.
Chief executive John Clare said: “Performance for the year is in line with management expectations. Given that the group is about to enter its most significant sales period, it is premature to extrapolate trends for the balance of the year.”
From The Scotsman