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; @OliGGriffin


(END) Dow Jones Newswires

October 08, 2019 10:58 ET (14:58 GMT)

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