Once bitten, twice shy for Dixons as it vows to shun the internet
Saturday 28 September 2013
Sebastian James, the boss of Currys and PC World owner Dixons, has vowed to stick to the High Street in the future after the sale of its loss-making online-only business Pixmania came a step closer.
He said: “What we’ve learned is we win when we do what we know, which is working as a multichannel retailer and as the market leader or a strong number two. Pixmania was neither of those things. While it has lots of assets, it’s not our cup of tea and not what we do. We will stick to what we know and leave online-only to others.”
A deal to offload the French business to German restructuring specialist Mutares AG is now just months away after it was signed off by unions. Dixons will pay £59m for future development of the online electrical retailer, trading in 14 countries, bringing the total cost of the venture to around £250m since bought in 2006. The City approved the deal, as shares hit a five-year high.
- 1 Malaysian cyclist could face disciplinary action after 'Save Gaza' gloves protest
- 2 Is Gideon Levy the most hated man in Israel or just the most heroic?
- 3 Fifty Shades of Grey trailer provokes moral outrage from US parenting groups
- 4 McDonald’s removes chicken nuggets from the menu in Hong Kong amid major food scare
- 5 Students offered grants if they tweet pro-Israeli propaganda
Israel-Gaza conflict: Israeli targeting policy under scrutiny after shellfire hits a mother and child, a school full of refugees and a doctor’s home
MH17 crash: Investigators discover more human remains and 'huge section of plane'
Students offered grants if they tweet pro-Israeli propaganda
McDonald’s removes chicken nuggets from the menu in Hong Kong amid major food scare
Satellite full of sexually experimental geckos adrift in space, Russia loses control of mission
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
iJobs Money & Business
£600 - £650 per day: Orgtel: Conduct Risk Liaison Manager - Banking - London -...
£18000 - £23000 per annum + Comission: SThree: SThree, International Recruitme...
£280 - £300 per day + competitive: Orgtel: Test Analyst, Edinburgh, Credit Ris...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree Group have been well e...