Carphone Warehouse stores under threat after closures announcement

PUBLISHED: 16:08 30 May 2018 | UPDATED: 16:08 30 May 2018

Carphone Warehouse. Picture: Michael Boyton

Carphone Warehouse. Picture: Michael Boyton

Archant

Carphone Warehouse, with stores in Welwyn Garden City, Hatfield, St Albans, and Stevenage, has announced 92 closures.

The mobile phone company, which merged with Dixons to become Dixons Carphone in 2014, announced the closures on May 29.

The announcement is bound to worry staff in Carphone Warehouse stores in Welwyn Garden City’s Howard Centre, Hatfield’s Galleria, St Peter’s Street in St Albans, as well as sites at Stevenage town centre and Roaring Meg retail park.

Looking to 2019, the company is budgeting for a contraction in the electrical goods market and predicts a fall in gross profit margins.

Although the company has maintained its leading market share, the company in the UK has seen little recent revenue growth compared to its international business.

The market for phone contracts has shrunk as more people reach for prepay.

Chief executive officer Alex Baldock said: “Nobody is happy with our performance today.

“We won’t tolerate our current performance in mobile, or as a group.

“We know we can do a lot better.”

Mr Baldock, who took up the post in January, said he had appointed a new leadership team and a new structure, and is nonetheless optimistic for the company as a whole.

He said: “I’ve found exceptional strengths, and though there’s plenty to fix, it’s all fixable.”

The company also previously had a store on Bancroft in Hitchin, which closed.

Carphone Warehouse will make further announcements on June 21, but has not yet said when it will announce which stores it plans to close.

More news stories

14:55

The family of a Hitchin postmaster who tragically died after being hit by a lorry while jogging near Baldock have paid tribute to their “quiet and gentle” husband and father.

17:53

There was hardly a cloud in the sky today as the annual Biggleswade Carnival parade made its way through the town.

Girls from the Stotfold Twirlers club have brought home more than 20 top-ten placings as they prepare for an international competition in two weeks.

15:04

The company behind a Potton care home has pledged to quickly put things right after an inspector found it to require improvement.

Most read stories

HOT JOBS

Show Job Lists

Digital Edition

Image
Read the The Comet e-edition E-edition

Newsletter Sign Up

The Comet weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy