Dixons Carphone to close all its Travel stores
“We do not expect passenger numbers to recover sufficiently to compensate,” the company said. “This has led to the difficult decision to close this business.”
Dixons Travel has 35 stores and has typically contributed more than £20m to annual profits.
This announcement came as Dixons Carphone, which also owns the Currys PC World and Carphone Warehouse brands, released its latest trading statement, reporting that since January, “trading has remained strong”.
Like-for-like sales in its UK and Ireland electricals division were up by 11 per cent in the 25 weeks to 24 April despite the continued closure of stores.
Within the same division, online sales more than doubled to over £4.5bn for the entire year.
Given its “strong financial position”, the Group said it has reimbursed all Government support for the £73m of furlough paid to UK and Ireland colleagues during the year. After this, Dixons Carphone said it expects full year adjusted profit before tax to be broadly in line with current consensus of £151m.