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De May 2019 a May 2020
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.
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(END) Dow Jones Newswires
October 08, 2019 10:58 ET (14:58 GMT)
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