Ash4781 Posted November 25, 2010 Share Posted November 25, 2010 http://www.bloomberg.com/news/2010-11-25/dixons-retail-first-half-loss-narrows-on-world-cup-apple-s-ipad.html Dixons Retail Plc, the U.K?s largest consumer-electronics retailer, said its first-half loss narrowed as the World Cup boosted sales of televisions and people bought Apple Inc. iPads. The net loss was 4.9 million pounds ($7.7 million), or 0.1 pence a share, in the 24 weeks ended Oct. 16, compared with 17.8 million pounds, or 0.5 pence, a year earlier, the Hemel Hempstead, England-based retailer said today in a statement. Sales at stores open at least a year rose 1 percent....Dixons shares climbed 1.46 pence, or 5.8 percent, to 26.6 pence in London trading yesterday. The stock has dropped 27 percent this year, more than the 3.6 percent decline of the 17- member FTSE 350 General Retailers Index. There is a note re the revamped stores. No real significant recovery, and that share price looks low. Quote Link to comment Share on other sites More sharing options...
kilroy Posted November 25, 2010 Share Posted November 25, 2010 http://www.bloomberg.com/news/2010-11-25/dixons-retail-first-half-loss-narrows-on-world-cup-apple-s-ipad.html There is a note re the revamped stores. No real significant recovery, and that share price looks low. Just as well people buy plasmas every year for the world cup. Oh, wait a minute.... Quote Link to comment Share on other sites More sharing options...
cells Posted November 25, 2010 Share Posted November 25, 2010 I hate loss making business that limp on. They take up valuable space that someone else could potentially make a success of not to mention they push up & help keep rents high. For ex I know one business that is bleeding about 1.5k to 2k a week. They are in a prime location and pay over 100k rent. The business model for that location is wrong their product will not sell at a profit. Quote Link to comment Share on other sites More sharing options...
Dorkins Posted November 25, 2010 Share Posted November 25, 2010 I hate loss making business that limp on. They take up valuable space that someone else could potentially make a success of not to mention they push up & help keep rents high. Just another benefit of ZIRP. Rather than loss-making debt-riddled companies being put down quickly when they fail to make interest payments, they can struggle on slowly destroying capital for year after year. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.