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Tesco and Dixons Carphone forge new deal

Tesco has confirmed a new deal with Dixons Carphone to trial concessions within some of the retailer’s largest supermarkets.

Dixons Carphone, which owns tech retailer Currys PC World, will launch two new outlets this summer in Tesco Extra stores located in Milton Keynes and Northampton.

Both concessions will stock a range of Currys PC World products, including white goods, computers, televisions and accessories, along with Dixons Carphone laptop repair service.

In a direct response to its key rival Sainsbury’s inclusion of Argos stores, Tesco said the new partnership would offer customers the “best possible range of services”.

Both stores will be on trial for a year before any decisions are made regarding further roll-outs.

“We’re always looking at ways to offer our customers the best possible range of services in our stores,” Tesco UK chief executive Matt Davies said.

“We think this is a winning combination for customers and look forward to opening the first outlet in our Milton Keynes store in July.”

Dixons Carphone’s UK and Ireland chief executive Katie Bickerstaffe said: “Customers tell us they want to pick up the latest electrical products conveniently and at competitive prices, with expert advice and from someone they trust to keep them working seamlessly.

“This trial gives them all of this during a weekly grocery shop, which we hope they will enjoy.”

 

 

 

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Sainsbury’s succeeds in battle to buy Argos…

After a four-month battle, Sainsbury’s has accomplished its takeover of Argos (Home Retail Group) with the owner agreeing to a £1.4 billion takeover.

With Home Retail shareholders holding 12 per cent of the combined business, Sainsbury’s has said that it plans to create a ‘multi-product, multi-channel’, with completion of the acquisition expected to be in the third quarter of this year. Facing competition from international retail holding company Steinhoff, Sainsbury’s can expect to see some Argos stores moving to its store locations as 200 of the 845 Argos stores are expected to close in the coming years due to expiring leases.