Wednesday, January 13, 1999 Published at 08:49 GMT
Business: The Company File
Dixons to create 2,000 jobs
The group's move into the internet business has proved popular
The UK's biggest electrical retailer, Dixons, is to create 2,000 new full and part-time jobs this year.
Some 70% of the jobs will be in shops around the country, with the rest in engineering and computing, including support of Freeserve, the company's new free internet access product.
The company said it had created 2,000 jobs in 1998 and expected to create a similar number in 1999.
Christmas sales up
Dixons also said that sales over Christmas were up 3%, excluding new shop space and profits were up 5% in the first half of its current trading year.
"In a highly competitive market, gross margins were slightly lower than in the same period last year."
Mr Kalms said he expected 1999 to be "another year of progress" for the group.
Dixons' performance over Christmas marked a turnaround from last year, when sales fell 4% after a slump in personal computer sales.
Sales figures were in line with City forecasts. Dixons had been expected to do well in December because of buoyant demand for consumer electronics.
Profits before tax and exceptional items for the 28 weeks to mid-November rose to £80.9m from £77.1m. Total sales increased 11% to £1.43bn. The dividend was increased to 3.5p, up 21%.
The Company File Contents