Russell Lynch: Dixons still in the dock despite sales success
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.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.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments