Dixons Carphone’s share price took a nose-dive this week immediately after Samsung pulled its new Galaxy Note 7 from shelves.
The electricals specialist’s share price slid 2.6p yesterday to 335.3p after Samsung halted all sales of its new flagship phone.
A Dixons Carphone spokeswoman said: “We have suspended all pre-order sales of the Samsung Galaxy Note 7. Any customer with the device is being urged to take it into store, where they will be offered a full refund, or speak to the team about their options for another device.”
The South Korean manufacturer yesterday warned those who have already bought the phone to switch it off while it investigates reports of the device catching fire.
Dixons Carphone, which employs 42,000 people in 11 countries, is currently ranked 99th in the FTSE 100.
Its share price has since recovered by 1.4p and currently stands at 336.7p.
Last month, after reporting 4% group like-for-like growth in its first quarter, Dixons Carphone boss Seb James told Retail Week about his plans to expand the retailer’s services proposition KnowHow.