Currys reveals pre-Christmas sales slowdown as supply strains and Omicron uncertainty take toll

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Currys reveals pre-Christmas sales slowdown as supply strains and Omicron uncertainty take toll
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The retailer said it had coped well with supply chain woes but that there had been a hit to product availability and sales of some in-demand items.

Currys has revealed a pre-Christmas sales sales slowdown as supply chain strains hit the availability of some products and Omicron uncertainty threatens to further dampen demand.Currys chief executive Alex Baldock said it had a strong first half of the financial year as it reported a 20% rise in profits to £48m for the six months to the end of October though UK and Ireland sales fell.

Currys said it had coped well with"well-publicised global supply chain challenges" facing the industry as it made the most of its strong relationships with suppliers."Nevertheless, there are costs associated with some of these mitigations, and there has been some impact on our product availability and on sales of some in-demand products," the group said.

Currys did not say which individual products had been affected but a spokesman said the shortages were"pretty isolated" and that the retailer was less affected than some retailers had been by supply chain problems.

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