Dixons Carphone closing 134 stores and merging remaining Currys and PC World stores

Dixons Carphone is to close 134 of its UK and Ireland stores in a £50m revamp that will see it's remaining Currys and PC World shops merged into one store.

The move will also see an added Carphone Warehouse added into each 'Currys PC World' store which will mean fewer, but bigger '3-in-1' stores that offer all the same services.

"Following the merger, it has become clear to us that customers really like our fully refurbished 3-in-1 store concept, and we have decided to launch a major programme to roll this format out across the whole market and put the portfolio into its long-term state." the company said in a statement. "In addition, our experience shows that that colleagues prefer working in - and customers prefer shopping in - our new 3-in-1 format stores."

The tech giant is expected to spend £50m on refitting and refurbishing existing stores, as well as a £70m provision that is to cover store closures and other construction costs. 

However, the merger is not expected to result in any job losses and the company stated that new posts will be created to support the investment.

"We are very confident that the impact on sales and colleague numbers will be neutral or better", said Seb James, chief executive. "When we build one beautiful, refitted new 3-in-1 superstore and we have one great Carphone Warehouse in town... sales go up and also we end up usually needing more colleagues to work on the shop floor."

Dixons Carphone was formed in 2014 by the merger of Dixons Retail and Carphone Warehouse and saw it's Hemel Hempstead support offices relocate to Acton, London.