dixons move out of spain

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
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