Dixons plans more European outlets
Retail giant to create 2,000 jobs
Retail giant Dixons Group will create 2,000 more jobs across Europe after posting buoyant results for its 2004 financial year.
The firm recorded turnover of £6.5bn for the year ended 1 May, compared with £5.8bn last year. Pre-tax profit was £331.6m, up from £298.4m the year before.
"We started planning PC City operations in Spain earlier this year," said Hamish Thompson, a Dixons Group representative. "We expect to open eight this year, and think there's potential for 40 in the Iberian peninsular."
PC World Business (PCWB), a division of the Dixons Group, saw turnover rise by seven per cent to £205m. The firm predicted its buy-out of Micro Warehouse will add £100m to its turnover next year.
But Tony Price, managing director of WStore, said: "I'd have thought Micro Warehouse was bigger than (PCWB)."
Thompson said Micro Warehouse turnover will be "slightly diluted" this year as the firm is integrated into Dixons Group.
The company also confirmed that closing the 106 worst-performing Dixons high-street stores will cost £44m.