Currys Share Discussion Threads

[jsforum] 14/7/2020 20:47

True online is surging but I would write off DCG - the last man standing on the high street just yet AO is a good business but profits wise its the poor relation They have a lot of work to do in getting Gernany fixed and anywhere near profitable whereas DCG have thriving businesses in the Nordics and Greece, plus an online business.Some stores may need to close but as the last national retailer it puts DCG in a strong position with manufacturers Business rates relief, staff on furlough and shortages on stock should have helped margin at least in the short term with the relaunch of mobile to follow soon.

[tim 3] 14/7/2020 18:29

Just about everything is cheap compared with AO lol.

[double dd] 14/7/2020 17:18

I am surprised the share price is so low compared to AO.COM but have to think a lot of margin from storers is through add ons if customers are not there in the numbers you are in trouble. I dont think it matters the company stayed open an extra week at the start of the pandemic, most people had stopped shopping. Plus the debt the company has compared to others in the segment mainly around the pension pot is a worry. Will they try to raise money to pay this down etc which will result in a dilution. Soon will hear :)

[tim 3] 14/7/2020 14:20

Do you not think the massive swing online which even Alex admits will change things forever with some customers never returning to shops will have consequences?

Margins are already low and as you say the chance to upsell and sell add ons like know how ect are much reduced online.

With such tiny margins I would imagine even a relatively small reductions in customers would be enough to make some stores unprofitable.

[jsforum] 14/7/2020 13:31

"When you think people are just as happy to buy online" - true but in a store environment where customers can experience tangible differences the opportunity to upsell to premium/higher margin is magnified

[jsforum] 14/7/2020 13:28

Margins won't be massively impacted I think as costs are down substantially plus shortages of stock in many stores - no reason to discount if people have less choice.Currys traded for as long aa possible pre lockdown when other competitors pulled down the shutters much earlier

[tim 3] 12/7/2020 14:55

Another thing to watch on Wednesday will be margins will be very impressed if they have managed to maintain them during lockdown with so much business coming from online.

[tim 3] 11/7/2020 22:18

And you can hardly see people snapping up those properties in this environment.

[double dd] 11/7/2020 21:36

just click on it and press go to its a pdf document

[double dd] 11/7/2020 21:33

hxxps://images1.loopnet.com/d2/97oTEE6nHbZpoNuQINKQ4DZB4Yo0V6EJyZfyomLKEaY/document.pdf

shops lease carphone warehouses some with long and large leases left

[tim 3] 11/7/2020 15:52

Online electrical up 99.7 % year on year in June despite shop re opening.

[tim 3] 09/7/2020 23:02

When you consider people are happy to buy phones, tablets, TVs and most white goods online without seeing them there has to be a big question mark over whether they can continue with their massive estate and all the costs that entails.Without add ons like know how that is mainly sold in stores the business model fails imo.The virus has moved the switch to online on massively.

[tim 3] 09/7/2020 12:44

The results on the 15 will be very interesting wonder how well physical stores are doing I see John Lewis announced store closures earlier today.

[jsforum] 23/6/2020 12:49

Some leases have simply expired - Twickenham for example Many renegotiated

[boix] 22/6/2020 21:42

Yes if there is a problem it's the cost of store closures - leases etc.

[tim 3] 22/6/2020 15:51

I agree looks likely trading will be ok people are bored and buying gadgets.The negative has to be the size of their estate with the rapid move to online they simply have way to many stores now and a reduction in footfall could push many of them into loss making imo.

[jsforum] 22/6/2020 15:06

Yes but the stores they are operating are trading well More colleagues have had to be brought back to cope.Not overlooking the Nordic stores, which have also traded throughout the pandemic I expect a bullish statement next month but alongside this some more smaller store closures will be announced all imho

[noirua] 21/6/2020 18:34

Currys PC World are currently running a limited service due to the Coronavirus outbreak. As a result, they are no longer accepting contact via email, and therefore not accepting contact via Resolver; I am sorry that you have been inconvenienced by this.
Above is a message from 'Resolver'.


Resolver sort out problems via emails for customers having difficulties including money being returned. Resolver will always be free.
Why Currys have blocked all emails is not known but it is open to speculation.
Snail Mail correspondence is not being dealt with as it should be.

The 14 day rule for returning customers money for online purchases is not being kept to.
However, if a person attempts a purchase and has a problem they are on to it in under 30 seconds. By telephone it is over one hour if you are lucky - the person answering at the first stage speaks in garbled English before putting you through for the long wait.

The above in NO way suggests the company has a liquidity problem. More the opposite as they are piled up with customers cash they should have returned promptly within 14 days.

----

You can still contact 'Resolver' who help arrange your letter in a legal way. This is then kept or you can copy it and send it to Currys. You can add information even if an email is not connected. Resolver say: "You can still use your Resolver case file to keep track of communications by attaching copies of any correspondence and using the call notes feature".

Complaints Service

[on target] 18/6/2020 19:34

And very good luck if you've invested in this 'cant' of a company. It's no different to any dodgy ebay seller nowadays.

[noirua] 09/6/2020 17:16

WARNING!. Before ordering online from Currys-PC World read this article. I can confirm it is true from personal experience:
'I spent five hours trying to get my money back': Currys PC World customers say they're struggling to complain with orders left in limbo
14 May 2020

The company is owned by DIXONS CARPHONE LSE:DC.:

[volsung] 08/6/2020 15:16

Bought some more. Would be nice to see £1 as support