14th Apr 2011 08:00
8.00am, Thursday, 14 April 2011
DIXONS RETAIL PLC
CONFIRMS EXIT FROM PC CITY SPAIN
Dixons Retail plc, Europe's leading specialist electrical retailing and services group, confirms that after having considered its options for PC City Spain, it has today commenced procedures to exit from operations there. This decision has been made due to continuing weak consumer environment and continuing losses of the business, together with the Group's plans to focus on combined electrical and computing stores.
All 34 stores will be closed together with the head office and on line operations of PC City. The management committee of PC City has informed the employee representatives about the decision in order to start appropriate actions for the compulsory redundancy scheme which will be submitted to the relevant Spanish Labour Authority. Management will also look for solutions that secure employment for as many employees as possible.
ENDS
For further information
Group:-
David Lloyd-Seed, Group Communications Director, Dixons Retail 01727 205065
Mark Webb, Head of Media Relations, Dixons Retail 01727 205019
Laura Cummings/
Zoe Bird Brunswick 0020 7404 5959
Spain
Adolfo Lázaro Estudio 915 765 250/690 676 257
Ana Iria López Estudio 915 765 250/627 511 802
Information on Dixons Retail plc is available at http://www.dixonsretail.com
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