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Dixons Carphone to close 531 stores, with loss of 2,900 jobs | Business

Dixons Carphone is to close 531 stores in the UK with the loss of 2,900 jobs in the latest blow to hit the struggling high street.

Britain’s biggest electrical and mobile phone retailer said it would close all standalone Carphone Warehouse stores on 3 April and that it would focus on selling mobile phones through its “shop in shops” in 305 big Currys PC World stores and online.

The retailer said the move was designed to return the struggling mobile phone business, which will make a £90m loss this year, back to profitability. It has been hit by a growing trend among consumers to delay upgrading their mobile phones.

Dixons said it had so far not been affected materially by the coronavirus outbreak but is preparing for a potential “significant reduction” in sales in the months ahead by switching to its online channels. Its Greek stores will be closed for at least two weeks from 18 March.

The group also said that sales of fridges, freezers, small domestic appliances and laptops had seen “notable increases in sales” after the outbreak.

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