Companies

Currys' sales fall as consumer spending remains under pressure

The retailer said a decline in its share of the market was partly driven by its deliberate actions to prioritise profits over sales in Ireland and UK

The retailer reported a 4 per cent decline in sales on a like-for-like basis over the six months to October, compared with the same time last year

Electricals retailer Currys has reported falling sales as it said consumer spending has been under pressure and the business sharpened its focus on improving profits.

The group saw sales decline by 4 per cent on a like-for-like basis over the six months to October, compared with the same time last year.

Shoppers have remained squeezed by persistent inflation and rising interest rates, helping drive a decline in all its international markets.

Alex Baldock, group chief ...