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tis pulling back a wee bit today. will it continue? mmmmmm
off subject update, I found interesting https://www.youtube.com/watch?v=OhxAIOhCPHQ
Baldock has already said he sees some online customers never returning to stores.
https://www.retailgazette.co.uk/blog/2020/04/dixons-carphone-sales-shifted-online-wont-return-to-shops-ceo-warns/
Other retailers have already indicated they might not reopen some of their poorer performing stores so it wouldn't surprise me if Dixons also decided to close a few more (over and above the Carphone Warehouse closures) when they do reopen. I'm impressed by the resilience suggested in the trading update, both online and the Nordics. It suggests that the risk of DC. failing is now very slim. Get to at least cash breakeven in the near term and then take advantage of the slow recovery.
Incredible that they have managed to switch two thirds of store sales on line.Very good results .Agree £1 today is unlikely to happen but think we could easily see it a few weeks on or sooner as positive news about openings drips through.However it really does raise wider questions about the future of physical stores if that many customers are happy to switch to buying online.
I do think in long term, DC will be less impacted by the lockdown. The need for buying games/consoles (kids entertainment), work equipment like monitors/laptops, cables (work from home), TVs (Leisure while locked down 24 hours), kitchen equipment (no restaurants opening in next 3 months) is not going away.
Govt furlough schemes and business rate holidays will help with expenses. So I will keep some of DC even it reaches 100p. GL to you in whatever you do.
i think if this was going to £1 today it would have opened at near 80p. just my thoughts.
Well done! I need 50% return for my one months work so will stick around until 100p. :)
i'm out at 78.5p for 20% profit in 2 weeks.
Superb set of quarterly results both in UK and Europe. Year to date sales up 2% including lockdown period... This should rocket to 100p today me thinks.
Worth a listen and spread round imo https://www.youtube.com/watch?v=XddHTPNLPLY
In April 2012, Phones 4u's contract with provider Three was terminated.In January 2014, O2 ended their contract with Phones 4u.
On 15 September 2014, Phones 4u entered administration, after the two remaining suppliers EE and Vodafone terminated their contracts.
Not suggesting DC are going the same way but worrying for the mobile business never the less particularly if they lose another provider, bottom line is they need the providers more than the other way round infact you could argue by supplying DC they are competing with themselves.
I think what they will probably end up doing is quietly reduce the size/overheads of the carphone business and fully integrate it till it becomes just another product area like Tv's/Pc's ect.
I know hindsight is a great thing but really shows what a shockingly bad idea the merger that Seb did was.
https://en.wikipedia.org/wiki/Phones_4u#cite_note-9
Not sure the Dow will lose 000's as Trump and the fed seem to be prepared to do anything to support it but thats for another thread I think the loss of 02 is a massive blow for them there whole marketing preposition "we compare you save" has to be brought into question now they no longer include one of the biggest providers, the loss of another like vodafone or EE could be disastrous hows that for strengthening their bargaining hand!
With the Dow looking like dropping 000's of points soon, naturally all stocks will follow suit. What sort of price below the year low are we looking at?
o2 would definitely have been the biggest network partner through carphone
Also O2 were the first partner to pull out of Phones4U leading to the others following suit very quickly.
I called this back in Oct (see comments below). O2 is probably 3rd biggest partner behind. Writing was on the wall in August 19 when DC sued O2 for not getting the deals they were promised and loss of earnings.
Just an FYI O2 have announced they no longer sell phones through DC , I presume thats there biggest client...
It is not urgent that is the criteria it is essential. I estimate that unless things change very fast a lot of these shops stock levels will disappear.
what about online deliveries if the shops are closed? Non urgent classification?
A laptop would be deemed as urgent surely?
Another balls up after opening this morning and defending his decision Baldock has now decided to close all shops.Was pretty obvious when Boris said electrical shops should close to most of us anyway.
Agree, can not think of a single thing that has improved since he took over.He was quite scathing of the previous management and promised to sort out mobile well he has shut a load of shops which while the right thing to do does not take a great deal of skill!His idea of pushing credit I have serious doubts over too been tried many times before.
Terrible but staff must have known it was a possibility.
What has this Alex done since he was there. How is he getting away with this. Pathetic leadership surrounded by pathetic senior management by the look of it. Out there depth
Apparently staff were not told before and many found out on the news.Disgusting as if having lost your job at this time was not bad enough.
Let's be clear the management are a disaster taking the ..
Still on big fat bonuses
Still paying dividends
They need to earn there wages and this is what they came up with. Hastily done get rid of bad news now. Not a leader in sight