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Coronavirus: Dixons Carphone online sales rise 166%

Coronavirus: Dixons Carphone online sales rise 166% | RBS approves £1.4bn in loans | Retailers in fresh support fear. Dixons Carphone has seen shares surge ahead after revealing online trading has recovered around two-thirds of stores sales lost amid the coronavirus lockdown. Dixons revealed its stores that have been closed across the UK, Ireland and Greece would normally have delivered around £400 million of sales in the year, but this has been partially offset as its online operation has "maintained our unambiguous price promise, continued investment in delivery and carried on growing our range for customers". The submission from the SRC said: "Allow for 'tapering' of financial support measures so that costs can continue to be partially covered while businesses ramp up to full capacity. "For example, while the decision to extend the UK Government's Covid Job Retention Scheme to the end of June was very welcome, given that the speed and extent of the recovery in consumer demand will be uncertain for some time to come, government should remain open to further extension to ensure redundancies do not result.

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