Dixons Carphone Warehouse has plunged into a statutory £440 million loss against profits of £54 million, after taking on £490 million of charges and facing – like everyone else – tricky trading conditions bedevilled by Brexit uncertainty.
Unveiling its results, the company unveiled a new strategy to cut costs by up to £200 million a year and overhaul its business to improve in online, mobile and store strategies.
“We’re focusing on our core and on four things that matter most: two big profitable growth opportunities in online and credit; revitalising our mobile business; and giving customers an easy experience,” says Alex Baldock, Group Chief Executive, says. “We’ll deliver these through capable and committed colleagues, working in one joined-up business, with strong infrastructure.”
Baldock: “We’re underway and investing in all of these, including giving our colleagues at least £1000 of shares, making every colleague a shareholder. We…