Carphone Warehouse has vowed to "change the landscape for consumer electronics retailing in Europe" as it revealed revenues for Best Buy Europe were up 12 per cent to £1,617m in the six months to September 27th.
"It has been a very significant six months for The Carphone Warehouse," commented chief executive Charles Dunstone. "Best Buy Europe has traded well in a difficult market, growing its share evolving its business model to adapt to the changing needs of customers."
Dunstone was keen to reinforce that he felt the retailer was far better positioned to take advantage of the economic situation than it’s rivals and scuppered recent speculation that the retailer might scale back it’s move into the UK.
"Best Buy Europe is well positioned relative to its competitors, with an excellent line-up of exclusive products as we approach Christmas. Further out, the development of our big box consumer electronics format is an exciting new growth avenue for the business."
In the UK, growth was primarily driven by the iPhone and by increased demand for mobile broadband according to the retailer. "We have made very good progress with the introduction of our laptop proposition into stores and all of our sales consultants have been through a new training programme focused on wireless products," added Dunstone.