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Tag Archives: currys

DSGi results smash expectations

PC World and Currys owner DSG International achieved an eight per cent like-for-like sales growth over the Christmas period, thanks largely to electrical sales in the UK and Ireland. The results – which cover the 12 weeks ending January 9th – significantly exceed analyst expectations of around a two or …

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PC World and Currys combo a success

DSGi has declared its merger of PC World and Currys a success – and now plans to open more outlets under the new model in the future. The company launched a trial store that incorporated products from both retailers’ portfolios in Surrey in January. Now the PC World and Currys’ …

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DSGi refits 120 UK stores

DSGi is to step up of its renewal and transformation programme with 120 stores to be refitted by the end of 2009. According to Mobile Today, around 120 stores will be refurbished throughout its portfolio under the ‘Get Connected’ theme, with 15 of those expected to be Currys.digital outlets. The …

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DSGi earnings fall 78%

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 …

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DSGi sells Hungarian stores for 1

Currys and PC World owner DSGi has sold off all nine of its Hungarian stores, which operate under the Electro World brand, for just €1 – a move that mirrors the recent sale of many of its Scandinavian outlets. However, unlike the Swedish and Finnish sell-off – which resulted in …

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DSGi running scared of Best Buy

DSGi has locked down its sales figures on core products as it looks to hide vital information from emergent retail giant Best Buy – leaving GfK-ChartTrack with no choice but to ban the firm from its panel. The retailer, which owns PC World, Currys and Dixons, told GfK-ChartTrack last week …

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50 megastores planned in Currys push

DSGi has revealed that as many as 50 Currys megastores could be rolled out over the next couple of years, and its High Street presence could be reduced to just 100 stores. The firm yesterday confirmed its plans for a new chain of Currys megastores. It also detailed the progress …

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Currys to launch megastore chain

Currys parent DSGi will this week announce plans for a new set of Currys megastores, which will be very large format and designed to combat the arrival of US electrical retail giant Best Buy later this year. Chief executive John Browett is to give analysts and investors a tour of …

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DSGi aims for rights issue boost

DSGi is preparing for a rights issue, a process in which share holders are encouraged to buy new shares, which could raise it hundreds of millions of pounds. Apparently, the final decision whether to go ahead will not be made until it has concluded discussions regarding the sale of some …

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Retail threatened by credit ‘crisis’

The UK High Street is battling to prevent a nationwide games stock shortage – as credit insurers cut cover against the industry’s biggest retailers. MCV understands that credit insurers including Atradius, Coface and Euler Hermes have slashed cover on stock sold in to some retailers – including Toys R Us, …

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