Vodafone to Close 15% of European Retail Stores, Expects 40% of Sales to Be Digital by March 2021
08 Ottobre 2019 - 5:13PM
Dow Jones News
By Oliver Griffin
Vodafone Group PLC (VOD.LN) is to close 15% of its European
retail outlets as part of a transformation of its wider estate
which will see 40% of its stores upgraded.
A spokesperson for the telecommunications company confirmed in
an email Tuesday comments made by CEO Nick Read.
Vodafone will turn 40% of its stores into larger stores focused
on customer experiences, express stores or click-and-collect
kiosks, the spokesperson said.
Vodafone is undertaking the planned transformation because the
company expects 40% of its sales to be digital by the end of March
2021.
Write to Oliver Griffin at oliver.griffin@dowjones.com;
@OliGGriffin
(END) Dow Jones Newswires
October 08, 2019 10:58 ET (14:58 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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