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Dixons Carphone plc is Europe's leading specialist electrical and telecommunications retailer and services company, employing over 40,000 people in 9 countries.

Following the merger, the Group has been assessing its overall UK and Ireland store estate and has identified a number of markets where we have duplicate stores between our Currys, PC World and Carphone Warehouse brands. As a result, we have decided to launch a major programme that will consolidate the portfolio into its long-term state.

This will involve merging the remaining PC World and Currys stores and inserting a Carphone Warehouse, creating a fully refurbished 3-in-1 estate across the whole market. While this will reduce our store numbers by 134, we have been doing this - on a smaller scale - for some years and are very confident that overall sales and staffing levels will not be affected in any material way. In addition, our experience shows that that colleagues prefer working in, and customers prefer shopping in our merged 3-in-1 formats.

As a result we are bringing a number of stores to the market.