Sales fall at Carphone Warehouse
Saturday 28 July 2012
Carphone Warehouse yesterday blamed the "lack of attractively priced smartphone products" at the cheap end of the mobile market for hurting sales.
The retail group said the pre-pay market – where consumers pay as they go, rather than receive a monthly bill – continued to be "weak".
Like-for-like sales at its subsidiary, Carphone Europe, fell by 2 per cent to £776m in the three months to June.
Chief executive Roger Taylor said he was hopeful Carphone could turn round the performance in the second half of the year.
Some of the features in high-end smartphones are starting to "cascade" down to lower-priced models.
Carphone said an example would be the sub-£100 Windows Nokia Lumia phone, which it recently started selling.
Sales at Carphone's other smaller business, Virgin Mobile France, did better, with sales up 13 per cent to €122m (£95.6m), thanks in part to having more post-pay contract customers.
- 1 The truth about 'girl things': Three cheers for Heather Watson's honesty
- 2 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 5 Men behaving badly: Urinating while standing, 'manspreading' and the gendering of selfishness
Nigel Farage: NHS might have to be replaced by private health insurance
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
British Muslim school children suffering a backlash of abuse following Paris attacks
George Galloway condemns 'racist, Islamophobic, hypocritical rag' Charlie Hebdo at freedom of speech rally
Islamic history is full of free thinkers - but recent attempts to suppress critical thought are verging on the absurd
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...