Currys LFL UK sales down 2% in Q2
Overall, the company’s like-for-like sales in the period were down 4%
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Currys has revealed that its like-for-like in the UK and Ireland were down 2% for the 17 weeks ended 26 August 2023.
Despite this the company stated that its revenue trends were better in July and August than in May and June.
Currys stated that it saw robust sales in domestic appliances and mobile, offset by weakness in other categories, especially computing.
Alongside this the company continued positive momentum in services with credit adoption and protection services growing above expectations.
Furthermore, the company’s like-for-like sales in the Nordics dropped 8% but its like-for-like sales in Greece were up 3%.
Overall, the company’s like-for-like sales in the period were down 4%.
Alex Baldock, group chief executive, said: “Our priorities this year are simple: to keep the UK&I’s encouraging momentum going, and to get the Nordics back on track. We’re making good progress on both, in what continues to be a challenging economic environment. We remain confident that we’re building a stronger business that’s resilient today and fit to prosper in the longer term.”
