It has been badly hit by the trend of customers holding on to costly mobile handsets for longer at a time of already weak consumer confidence in its core UK market that has hit the retail sector as a whole.
Dixons Carphone said it was accelerating its turnaround efforts through further negotiations with network operators and integrating its more successful electricals and mobile businesses into one entity.But it warned this extra effort would come at a cost. "But accelerating our transformation provides certainty that this year is the trough, as during next year the legacy contractual constraints on our mobile business lift, and the integration cost benefits build.
Patrick O'Brien, UK retail research director at analytics firm GlobalData, said the chief executive may feel he has to go further in trimming its exposure to physical retail.
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Mulberry swings to loss as UK and investment hit bottom lineThe luxury brand says its core UK market is dragging on performance as it looks overseas to drive a profit fightback. Investment in uk higher than rest of EU misleading fake news MulberryEngland Uk retailers seem to be suffering badly and Brexit hasn't even taken place yet. MulberryEngland Nothing to do with higher Bill's and stagnating wages
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