Tag Archives: dsgi

£311m rights issue confirmed by DSGi

DSGi has confirmed to the Financial Times that a 311m rights issue is imminent, with the retailer saying the funds raised from it will go towards its store refit programme and alleviating cash flow problems being caused by credit insurers. It said that the move had been forced by its …

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DSGi attempting second rights issue

DSGi is reportedly looking to raise several hundred million pounds through a rights issue, which would be the second attempt this year. CEO John Browett is expected to give a statement on the firm’s operations after the firm’s financial year end, which will go some way to decided the success …

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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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Currys and PC World merger trialled

PC World and Currys parent DSGi has launched a trial store combining both brands. The site, based in Surry, is understood to be 15,000 square foot and contains a product mix incorporating both retailer’s portfolios. This is in line with a general revamp across all brands MCV’s sister site PC …

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More sales falls at entertainment retailers

There was more doom and gloom on the High Street this morning as two major players in the entertainment retail sector reported significant sales declines over the Christmas period, The Retail Bulletin reports. Argos suffered a 7.5 per cent like-for-like decline in the 18 weeks to January 3rd compared to …

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DSGi posts £29.8m loss

PC World and Currys parent DSGi has axed its dividend to preserve liquidity, after being hit with a 29.8 million pre-tax loss for the first six months of the year. Comparatively, the group made a 52.5 million profit during the same period last year. The firm says it hasn’t made …

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DSGi competitor hits UK market

French retail giant Casino is set to launch a major assault on the UK, with the firm setting its sights on stealing market share from DSGi, Comet, Tesco and Amazon amongst others. The firm will be launching its online arm, Cdiscount into the UK before the end of this year, …

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