Dixons boss says company beat Best Buy fair and square
The chief executive of Dixons Retail has launched a scathing attack on the failed launch in this country of the US electricals giant Best Buy.
John Browett made his criticism as half-year losses at the owner of the Currys and PC World chains widened to £25.3m, dragged down by its operations in Greece and Italy.
Following Best Buy's recent decision to quit its 11 UK stores before Christmas, he said, "we beat them fair and square. Where we were up against them [in close proximity of stores] our sales were up two to three times compared with theirs".
Mr Browett added: "You could have added 20 per cent to their sales and they would still have closed. The issue was that they never got the offer right for the UK consumer."
Dixons Retail posted a pre-tax loss of £25.3m for the 24 weeks to 15 October, compared with a loss of £6.9m the previous year. Total sales at Dixons Retail rose by 1 per cent to £3.29bn, supported by strong performances in Turkey, the Czech Republic, Slovakia and Turkey.
In the UK and Ireland, the group slashed its losses to £3.7m from £10.7m, driven by cost savings.
Mr Browett said sales of washing machines, the rapper Dr Dre headphones, laptops and iPad 2 had "held up", but it had suffered "particularly weak" demand for its lower-priced TVs. But he said next year's Olympics was likely to give its TV sales a bigger boost than the 2010 football World Cup.
- 1 Man on naked bike ride gets ejected after becoming aroused
- 2 Fifa corruption: Europe plots to stage an 'alternative World Cup' in place of Russia 2018
- 3 How much sex should I be having?
- 4 Jaden Smith wears gender fluid dress to high school prom with Hunger Games actress
- 5 Betting company 'refuse to pay' after student wins £1,000 from 50p bet on Roger Federer
Caitlyn Jenner, formerly Bruce Jenner, reveals new look on Annie Leibovitz shot Vanity Fair cover
Russian military jets and US destroyer clash in Black Sea 'posing danger to stability'
Ed Miliband returns to the backbenches but it's all a bit awkward as he tries to avoid eye-contact with fellow Labour MPs
Photographer who performed naked shoot in China's Forbidden City sparks outrage
Man on naked bike ride gets ejected after becoming aroused
Migrants in Kos: Photos show real tragedy after Brits abroad complain of 'awkward' holidays
British tourists complain that impoverished boat migrants are making holidays 'awkward' in Kos
Michael Gove determined to scrap the Human Rights Act – even if Scotland retains it
Thousands of teenage girls enduring debilitating illnesses after routine school cancer vaccination
Threat to scrap Human Rights Act could see UK follow Nazi example, warns UN official
Why this year's general election was the most unfair in Britain's history
iJobs Money & Business
£23000 - £25000 per annum: Recruitment Genius: They win lots of awards for the...
£13500 - £20000 per annum: Recruitment Genius: This nationwide enforcement com...
£25 - £30K: Guru Careers: We are seeking a highly-motivated and ambitious Comm...
£30 - 35k: Guru Careers: We are seeking a Pricing Analyst to join a leading e-...