LONDON, March 17 (Reuters) - British electricals and mobile phone retailer Dixons Carphone will close all UK standalone Carphone Warehouse stores as part of a plan to turn around its mobile business, it said on Tuesday.
The stores to shut represent 8% of Dixons Carphone’s total UK selling space, it said, adding tha7t almost 40% of affected employees are expected to take new roles in the business.
Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.
Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.