UK retailer Dixons has announced a fall in like-for-like sales for the six months to November 2001. The biggest dent came from its mobile phone unit The Link, which saw like-for-like sales fall 18%. It also said like-for-like Christmas period sales were down on the previous year.
Profits for the six month period fell to GBP87.4 million from GBP90.8 million. Dixons blamed falling mobile phone sales at The Link and in its core Dixons stores for the sales problems. Like-for-likes would have been up by 6% excluding mobile phones, said finance director Ian Livingstone.
The share price fell significantly on Wednesday, after the company released its announcement.