Weekly Retail & Leisure News - 22 December, 2014
Newly merged Dixons Carphone has reported a "barnstorming
performance" in the UK and Ireland in its first set of half-year results.
In the six months to November, the electronics retailer said underlying profit
before tax rose 30% to £78m. The firm was created by the merger of Dixons
Retail and Carphone Warehouse. The company, which owns the brands PC World and
Currys, as well as Carphone Warehouse, said group sales had risen 5%. Shares
rose more than 3% on Wednesday, closing at 439.70p. In the UK it saw strong
sales of white goods and TVs, with a particularly good performance in high-end
TVs.Further evidence of the strengthening UK retail market is
highlighted by the expansion plans of French sports retailer, Decathalon.
Thibaut Peeters, UK chief executive of Decathlon, commented last week that the
retailer is going to open over 50 stores in the next three years and also said
there was potential for up to 100 stores. Decathlon has been in the UK since
1999 and its warehouse-style format, which is almost identical to those it
operates in France, has doubled its store count from just nine stores in
2009.In other leisure news, JLL has this week announced that it has further strengthened its F&B team. Leading
restaurant & leisure agent Michael Webb has been recruited to bolster the
Central London advisory team. This follows on from JLL’s recent acquisition of
Coverpoint, the leading foodservice consultancy. Michael joins from property
consultancy CWM, where he led the restaurant & leisure team for 4 years.
Michael joins the team as a director and will be focussing on strengthening
JLL’s food service expertise in London. From all at JLL, we wish you a very Merry Christmas and a Prosperous New Year.
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Director, Head of Retail Research (UK & EMEA)
+44 (0)20 3147 1155
Director, Head of UK Retail & Leisure
+44 (0)20 7318 7838
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