PC World and Currys parent posts £140 million loss for the year
DSGi, owner of PC World and Currys, today posted a pre-tax loss of £140.4 million, in what chief executive John Browett described as 'a year of change.'
While the figures represent a 78 per cent year-on-year drop, they were actually slightly above the firm's expectations.
The firm blamed Europe's economic backdrop as the chief cause of the loss, and claimed it didn't expect to see significant recovery until late 2010.
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Prices?
Or how about the fact that Currys has some of the most expensive prices out there, and in these crunch times people are turning to online? I shaved £600 of my LCD TV going online, which is a huge amount of money to shave off, and something Currys can't justify.
Pricey...
Yeah, PC World and Currys have always been expensive. It makes you wonder how they stay in business. I have a friend who works at PC World up in Scotland and she says the same. Their laptops and TVs are a rip-off, but saying that, this is the UK. Woolworths shut down because it was too expensive. No excuses. I can see the like of PC World closing down.
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