Dixons Carphone reveals big losses at mobile phone shops

Owner of Currys, PC World and Carphone Warehouse blames 22% profit fall on consumers delaying phone upgrades

Shares in Dixons Carphone, Britain’s biggest electrical and mobile phone retailer, slumped almost 30% as it reported a big fall in profits and warned of “substantial” losses in its mobile phone business.

The group, which owns Currys, PC World and Carphone Warehouse, said it has been hit by a growing trend among consumers to delay upgrading their mobile phones.

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From our friends over at the : Business | The Guardian

 

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