Russell Lynch: Dixons still in the dock despite sales success
Thursday 17 January 2013
Outlook Dixons Retail, the owner of Currys and PC World, was a rare shaft of light from the retail world today, pushing up sales 8 per cent thanks to Comet's demise. You can't argue with selling five tablets every second.
But before Sebastian James and the rest of the management team pat themselves too hard on the back, investors should take a look at the margins, down 0.5 per cent despite the collapse of its biggest rival.
I'm getting uncomfortable déjà vu here. The broker KBC Peel Hunt once said of ill-fated HMV: "For the coming year, we believe the group can deliver material sales and profits benefits from the collapse of Woolworths and Zavvi."
Look what happened there. Just because you're the last man standing, it doesn't mean you're safe.
- 1 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 4 Tennis fan suing Australian Open organisers for 'failing to shade spectators' during Murray match
- 5 This crazy skiing video will leave you feeling queasy
Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
Mother of newborn Baby No 59 trapped in sewer pipe told Chinese police she 'heard crying' when she raised alarm
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
AirAsia QZ8501: Black box reveals warning alarms 'screamed' before crash, as more bodies recovered from near fuselage of jet
Rob Lowe hits out at White House decision not to meet Israeli leader
British Muslim leaders outraged after Eric Pickles says followers of Islam should 'prove their identity'
UK terror fears: My jihadist son returned from Syria mentally scarred – now he is being ignored
Nigel Farage: NHS might have to be replaced by private health insurance
Billy Crystal: 'Stop shoving gay sex scenes in my face'
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
David Cameron says anyone criticising Eric Pickles' letter to Muslims 'really has a problem'
iJobs Money & Business
Negotiable: Recruitment Genius: A Tax Assistant is required to join a leading ...
£16000 - £25000 per annum: Recruitment Genius: This is an exciting opportunity...
£45000 - £47000 per annum + bonus + benefits: Ashdown Group: Java Developer / ...
£35000 - £38000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...