BBC News reported that Dixons and Carphone Warehouse would merge.

“Dixons Retail, the owner of Currys and PC World, and mobile phone retailer Carphone Warehouse have announced they are to merge in a deal worth £3.8bn.The new firm will be known as Dixons Carphone, with ownership to be split equally between the two firms’ existing shareholders.Dixons operates more than 500 Currys and PC World stores in the UK and Ireland. Carphone Warehouse operates more than 2,000 stores across Europe”

Then the news about cost savings and then job creation.

“The merger will save the companies £80m a year from the 2017-18 fiscal year onwards, Dixons said.”

“For its part, Carphone Warehouse said “significant job creation” was expected as part of the deal, “resulting in an increase of approximately 4%””

However, some existing staff will be affected. Dixons said there would be job cuts of 2% of the merged company, “as a result of the rationalisation of certain operational and support functions”.

What would be great is if this new company could create an Apple and John Lewis like shopping experience.