Foreign expansion will not save Dixons Carphone. UK retailers face a major headache, and now that people are comfortable buying big-ticket items online the firm will have to keep cutting stores. The technical outlook is dire, with little sign of any rebound in progress. While cheap on valuation, Dixons Carphone is cheap for a reason. As a serial underperformer against the broader index since 2016, Dixons Carphone looks ripe for further downside as short sellers target the firm.