Currys confident UK performance will offset decline in international arm
Currys’ revenues fell over the festive period, although the retailer’s UK and Ireland business delivered better-than-forecast results to offset issues internationally.
In a trading update for the 10 weeks to January 7, Currys reported a 6% fall in group revenues driven by a 5% slump in like-for-like revenues in the UK and Ireland and a 7% dip in international sales.
Despite this, Currys said its domestic business had performed better than expected over the peak trading period, delivering better-than-forecast profits due to gross margin increases and continued cost savings.
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