Business
COVID-19 Trading Update
COVID-19 Trading Update.
About this update from Currys Plc
[{"type":"text","content":"\n \n \n RNS Number : 6329H\n Dixons Carphone PLC\n 26 March 2020\n \n \n \n 26 March 2020\n \n COVID-19 Trading Update\n \n \n As a result of the rapidly changing situation regarding COVID-19, Dixons Carphone is issuing an update on trading, further to the update issued on 17 March 2020.\n \n \n In line with Government guidance we closed our stores across the UK and Ireland from 24 March. This follows store closures in Greece from 18 March. At present almost all stores in the Nordics continue to trade. \n \n \n Our large Online operations remain open. Online trading has been very strong in all countries over the last two weeks as people have been preparing to work from home and use essential technology to continue their lives during the Coronavirus outbreak. Early signs are that this strong trading has continued since stores closed and will help to compensate for lost store sales.\n \n There is no bigger concern for our business than our colleague safety. Over recent weeks we have been taking additional steps to protect colleagues as we work to satisfy high customer demand for essential technology products and services. We will stand by our colleagues throughout this crisis and, with the Government's help, we expect to keep paying those who work in our stores during these temporary closures.\n \n We remain committed to our ongoing strategic transformation and we are determined to continue to create an even better business as we emerge from this period of uncertainty. \n \n \n Recent trading\n \n In the 11 weeks from 5 January to 21 March, our Group Electricals LFL is +8%, which includes a strong recent uplift, with Electricals LFL sales growth running at +23% in the last three weeks.\n \n We have seen very good sales of equipment for home working (laptops, printers), for home entertainment (TVs, Gaming) and for home living (fridges, freezers, kitchen appliances).\n \n \n \n \n \n Like-for-like growth\n \n \n 8 Weeks to 29 Feb\n \n \n 3 Weeks to 21 Mar\n \n \n 11 Weeks to 21 Mar\n \n \n \n \n UK&I Electricals\n \n \n 2%\n \n \n 35%\n \n \n 10%\n \n \n \n \n - UK&I Online growth\n \n \n 6%\n \n \n 72%\n \n \n 23%\n \n \n \n \n International\n \n \n 4%\n \n \n 7%\n \n \n 5%\n \n \n \n \n - Nordics\n \n \n 5%\n \n \n 8%\n \n \n 5%\n \n \n \n \n - Nordics Online growth\n \n \n 8%\n \n \n 36%\n \n \n 15%\n \n \n \...