The disruptive upstarts of UK retail appear themselves to have been disrupted by the bricks-and-mortar traditional supermarkets and, in the case of white goods and electronics retailer Carphone World, the merger of Dixons and AO Warehouse appears to have worked. Carphone has warned that growth in Britain will slow significantly in the fiscal first quarter following the web retailer making a loss in the 12 months to March, which is a major concern as it has relied on the UK for growth as it begins to expand into Europe. Although Ocado announced its first international contract, the deal with a regional European retailer disappointed investors who had hoped for a larger deal with a major international grocer.
The disruptive upstarts of UK retail appear themselves to have been disrupted by the bricks-and-mortar traditional supermarkets and, in the case of white goods and electronics retailer AO World, the merger of Dixons and Carphone Warehouse appears to have worked. AO has warned that growth in Britain will slow significantly in the fiscal first quarter following the web retailer making a loss in the 12 months to March, which is a major concern as it has relied on the UK for growth as it begins to expand into Europe. Although Ocado announced its first international contract, the deal with a regional European retailer disappointed investors who had hoped for a larger deal with a major international grocer.