Member Info for Funkhouser

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.

Staggering, they could have fazed in closing all the stores over the last 2 years giving time for natural wastage and chance to redeploy staff elsewhere instead of doing it like this much harder on staff and much more costly for the company.

Good points Dark.

I have worked in the Electrical retail market for several decades and can not remember a time when we have gone so long without major new product innovations to tempt consumers.Things which have provided huge growth in the past like Computers,laptops.Tablets,Widescreen,Flat screen,HD,Hi-fi Gaming and the list goes on has driven the market for as long as I can remember but now there are hardly any "must have new products" coming through I mean mentioning hair dryers as an exciting growth area says it all really, and its all happening at the worst possible time when price pressures from the net and increased costs are already making things incredibly difficult.

When you consider all this they are not doing bad really.

It really is a tough market to be in.

Problem is still the mobile side imo.

As time goes on more and more people stop buying mobiles on the old (hugely profitable) 2 year contract.This was what the original CPW business model was built on.

Amazed that people still pay £50 a month for a mobile.

£10 a month sim only with 10 gig data.

Buy the phone anywhere or keep your old one.

If CPW did not exist would you create it? Not sure you would.

In time would expect them to integrate it fully into their stores.

https://www.dailymail.co.uk/money/markets/article-7899417/Dixons-Carphone-Warehouse-investors-hopes-turnaround-rising-thanks-bullish-brokers.html

I agree that most CPW have to go but lets say 500 in 2 years is a hell of a lot of closures , about 20 a month!Would be surprised if they do it that quick.

I think its very unlikely they will close the large majority of CPW standalone stores in the next 2 years bearing in mind they said in December there are no immediate plans to close any of the 600 remaining standalones.

Not least because of lease considerations.

Good points.Makes sense.

At least they are not shocking the market with updates anymore!
Tough market conditions but 2 years for mobile to break even, a lot can happen in 2 years still think they have way to any standalone CPW shops but I guess we have to trust that he knows what he's doing.
All in all could have been much worse but conditions are unlikely to improve much anytime soon.

Interims on Thursday.

So results due next week any views?
From initial reports retail volume has been good over black Friday.Question is what about margins suspect they will be down particularly on mobile.

DC are in a legal dispute with 02 can not see their relationship being great.

I think DC need 02 much more than the other way round now.

As more people buy direct from the service provider or on the net where there is nearly always a cheaper deal in my experience can only see Dc's mobile issues continuing.

https://www.telegraph.co.uk/business/2019/11/09/dixons-carphone-boss-boxes-ahead-difficult-christmas/

Spot on Tony.
If there was one bit of advice I would give to someone starting out it would be having a diversified portfolio.

Probably and I seriously doubt we gave seen the low yet.

Less than half the volume today and a small rise hardly inspires confidence.

Needs to test that support a few times and I doubt it will hold.

A horrible chart with multi year downtrend, massive volume that was highest for 13 years high on yesterdays sell off, new ceo needed with the uncertainty that involves including a possible "kitchen sink" job , 2.5 m customers lost in the last few years.Falling profits and dividend under threat.Almost the perfect storm for further falls imo.

Dead cat bounce imo, it has fallen massively over the last few weeks the test will be in the next few days (next week) if there is real follow through .Personally I would be very surprised if the bottom is not tested again soon.

Short term I would say no, I see this many times with shares out of favour the trend goes on much longer than you expect.A share rarely goes up just because it is cheap.It needs good news to drive it up and can not see that coming anytime soon.Most times in situations like this it will continue to drift lower and eventually stabilise at the lows before recovering so longer term if the FCA report is not too bad and sales start to improve it could be seen as good value but I will avoid for now.imo.

He really needs to get on with closing the stand alone CPW stores just done a check on their site and amazingly there are 9 CPW stores within a 5 mile radius from where we live and 5 are standalone .There are even 2 in the same shopping centre.No wonder its not profitable.

Looking at the current deals Carphone now do now seem to be competing with the online operators.First time I have seen this they are usually more expensive sometimes by a fair amount.

Also like the new "switcheroo" campaign.

It does however highlight the fact that the operators are supplying packages that CPW will use to directly compete with their own direct sales as more people than ever buy direct from operators online or in their own stores which is obviously more profitable for the operators as they don't need to pay a commission.

This has to be a worry moving forward.

I like Lookers and have bought several new cars from them.
They are very competitive and the customer service is very good.
The sales process is slick but some parts are a little questionable.
They really push credit and did me a better deal provided I bought on (very low APR) credit.
They also throw in extras I was not really bothered about for virtually nothing.
They also use what I call double bagging where they get a manager to come in and try and get you to take gap insurance which I never take.
Maybe this is what they are looking at must admit I thought this was the norm in the motor industry and it does not really bother me as am ex sales myself and the deals I got were as good as the best on the net with large discounts.
These practices have been going on for years in sales but I think these days they are very much frowned upon by the FCA.