Dixons reports sales growth in UK and Ireland

Overall like-for-like sales up five per cent
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The company behind PC World and Currys saw a seven per cent rise in sales in the UK and Ireland in Q1.

Dixons Retail has reported that overall like-for-like sales, which excludes new stores, rose five per cent and total sales saw a 2 per cent increase.

“While it is still early in our financial year, I am encouraged by the start we have made across the group,” said chief executive of Dixons Sebastian James.

“August has proven to be quieter across the retail sector in some of our markets and we continue to be cautious about the outlook.

“However, we are well placed for the back to school period and look forward to the launch of Windows 8 and the exciting new products that we will have available for customers for the Christmas period.”

Dixons has been cutting costs, revamping stores and improving product ranges to help cope with the tough economic backdrop, and it seems to be working as the company’s shares have risen sharply this year amid investor confidence about the future of the group.

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