for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Dixons Carphone says online demand partially offsets store closures

LONDON, April 29 (Reuters) - Electricals retailer Dixons Carphone said online demand was making up for around two-thirds of store sales lost due to closure during the coronavirus crisis, as it warned it would not pay a dividend due to uncertainty connected with the pandemic.

The UK-based group, which also has stores in Ireland, Scandanavia and Greece, said that in its UK and Ireland business online sales had jumped 166% in the five weeks to April 25, the period under which Britain has been in lockdown.

Breakingviews

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.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up