Dixons Carphone says online demand partially offsets store closures

Electricals retailer Dixons Carphone said online demand was making up for around two-thirds of store sales lost due to closure during the coronavirus crisis, as it warned it would not pay a dividend due to uncertainty connected with the pandemic.

The UK-based group, which also has stores in Ireland, Scandinavia, and Greece, said that in its UK and Ireland business online sales had jumped 166% in the five weeks to April 25, the period under which Britain has been in lockdown.