The lockdown-induced gadget rush has skyrocketed Dixons Carphone online sales – and reimbursed £ 73million in holiday pay • The Register
Dixons boss Carphone delivered a bullish assessment of the UK retailer’s performance in a year when online tech sales rose and revenues from its declining mobile business continued to decline.
Editing results [PDF] For the fiscal year ended May 1, Dixons reported that the group’s revenue reached £ 10.344 billion, an increase of just a little (2%) from the previous year.
And when all the money was added up, the retailer was able to report pre-tax profits of £ 33million – an improvement over the loss of £ 140million in fiscal year ’20.
The retailer was also keen to highlight the 103% jump to £ 4.7bn in online sales, which helped its profit and loss accounts turn black as people stayed home and logged in on the web to get their electronic fix while on lockdown.
Dixons said he has seen growth across all major product categories, with technology being called “the most outstanding performer,” with people adapting to work from home, home schooling and the world. entertain themselves the best they could.
Unfortunately, for every “peerless artist” there are parts of the business that have failed to shine.
Sales from its UK and Ireland mobile operations have fallen 55% as it continues to reorganize its business, close its small stand-alone Carphone Warehouse UK stores and close its airport outlets with the loss of some 400 jobs.
Good news for taxpayers, the company said it has reimbursed £ 73million in leave wages for staff in the UK and Ireland, and settled its VAT deferral of £ 144million.
In a statement, managing director Alex Baldock said last year saw the retailer “grow [its] e-commerce and add it to our in-store strengths. “
“We are now also more financially sound, allowing us to pay back over £ 200million to governments and restart our dividend.” ®