Currys Share Discussion Threads

[s2lowner] 26/3/2020 16:46

Electrical sales soar as people buy laptops and TVs for lockdown

Retailer DixonsCarphone has revealed electrical sales have soared by more than a third in recent weeks as Britons raced to buy laptops and televisions to prepare for the coronavirus lockdown.

The group said overall UK and Ireland like-for-like electrical sales lifted 10% in the 11 weeks to March 21, including a 35% jump in the most recent three weeks.

While all its stores have been closed since March 24, it has seen "very strong" online trading, with UK and Ireland internet sales leaping 72% in the three weeks to March 21.

This is helping offset some of the £400 million in lost store sales expected for the rest of the year due to shop closures, according to Dixons, although it warned profits will still miss forecasts.

[tim 3] 24/3/2020 18:53

All stores now closed, another balls up from Baldock, should never have opened today.

[double dd] 24/3/2020 15:45

Not sure its his caring side...... lack of leadership more like. Hasnt got a clue how to lead must have been there two years now and whats he done....... nothing.....

[tim 3] 24/3/2020 09:46

Apparently some of their stores are staying open if true this is pretty shocking as its directly against the advice of the government, electrical stores should close seems pretty clear to me!

This and sacking all those staff last week, hes not exactly showing his caring side!

[aim11] 23/3/2020 21:04

It’s game over for the UK economy, caused by complete over reaction to a virus that poses a serious health risk to a tiny fraction of the population. Most businesses will go under and the government debt will soar to unsustainable levels. Millions will lose their jobs. Insanity.

[double dd] 23/3/2020 19:04

I have herd all dixons shops are shut from tonight

[tim 3] 19/3/2020 11:04

Agree Seb was lucky to take control at a very good time with its biggest competitor going bust.The people who did the real work and made the tough decisions was Browett and his team who saved the company when they were within hours of the banks pulling the plug.
As if the latest job loss timing was not bad enough apparently staff were not told before the press release and many found out on the news!

[anony mous] 19/3/2020 10:47

I reckon this has some way to fall still.Remember it as Dixons when the share price was about 30p and now after all this consolidation it could end up there again easily. Seb James took no decisive action and creamed it whilst there.

[tim 3] 17/3/2020 21:53

Did DC not tell Best Buy to f off causing them to pack up here and leave ?

[stdyeddy] 17/3/2020 10:07

Looks like sensible action, finally. A big redundancy bill though. I agree with the the mouse and tim that they should have done it earlier and with better planning, to lower the redundancy costs. Having said that, have closed my short and am momentarily long; though I won't be long for long, because I think the retail market generally has a lot further to fall, but I can see this getting back to £1 if people take Baldock's claims at face value. Personally, I'm sceptical about his claim that supply has not been interrupted significantly and some of his other projections, but I'm willing to ride back up and then switch horses.

[tim 3] 17/3/2020 08:45

Absolutely AM and if they had they could have done it in a much more planned way and probably saved many more jobs rather than shutting them all at once.They have 9 standalone units within 10 miles of us totally unnecessary.

[anony mous] 17/3/2020 08:37

Something they should have done years ago.

[billy two cocks] 12/3/2020 11:29

The interesting thing here is that as the general market tumbles, DC. tumbles much more in percentage terms.

For example as I type, the FTSE is down about 5%, DC. is down over 11%.

This has been happening regularly.

I'm trailing a stop over my short here with plenty of headroom, this could fall much much more. It's about to enter new territory.

imho, pdyor

Thanks

BTC

[billy two cocks] 11/3/2020 21:14

That is great news.

Thanks

BTC

[mallys83] 11/3/2020 21:04

Can I just say that my brother works for currys and they had a huge delivery of stock just the other day. Goods from China and other countries. I was just having a quick look on this thread. I have no shares at all in any stocks just now. Just saying that they have plenty of stock.

[tim 3] 11/3/2020 13:33

Just spoke to Sky they are experiencing issues with new equipment due to the situation with over 2 month delays.Would imagine many DC products have the same issues.

[givememymoneyback] 11/3/2020 13:24

Shorts are going up here. Blackrock has joined Citadel on the shorttracker listing. Now at 1.14%. blackrock increased its short on Friday. I can see this going past the previous intra-day low of around 80p. DC management keeping very quiet. Not a good sign for shareholders.

[stdyeddy] 09/3/2020 09:11

Kinda makes sense, I reckon. Ordinarily, people are expected to work through a mild cold. But today, no one will be welcome at work if they're sneezing. Responsible employers will send people home at the first sign of an illness, to try and stop everyone else getting ill. Especially since the corona virus is so infectious and for old/ill people, deadly. How many colds does someone working with the public get in a year? I bet two is average. And retail work doesn't induce workaholic passion like some other jobs. If everyone around you is taking time off sick, I reckon 80% over a year might even be a bit conservative.

[tim 3] 08/3/2020 22:00

80% of staff claiming sick pay really?

[bluedaycoming] 07/3/2020 14:57

Quadruple whammy coming here. 40,000 staff, 80% of them will be claiming sick pay for COVID19 this year; 80% of them absent from work for over a fortnight each (lower sales); stock shortages from China due to factory slowdowns; economic slowdown in Europe as COVID takes hold and reduces earnings/spending power. Already got a weak balance sheet and pension deficit. Profit warning, divi cancellation and rights issue seem inevitable.